Recharge Resources Completes Airborne Mag Survey at Georgia Lake Lithium Project to Demonstrate ‘Structural Continuity’ from Neighbour Rock Tech Lithium; Intela Research has Commenced Initial Analyst Coverage


Vancouver, BC, Nov. 15, 2022 (GLOBE NEWSWIRE) — Recharge Assets Ltd. (“Recharge” or the “Firm”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is happy to announce that Prospectair has accomplished the high-resolution heliborne magnetic survey on the firm’s 100% owned Georgia Lake North and West Lithium Properties. The property is straight away contiguous to Rock Tech Lithium Inc’s (RCK–V) (“Rock Tech”) Georgia Lake Lithium Property and positioned roughly 160 km northeast of Thunder Bay, Ontario, throughout the Thunder Bay Mining Division.

Picture 1: Prospectair Magnetic Survey Helicopter

Picture 2: Preliminary pictures from Airborne Magazine Survey at Georgia Lake Lithium Challenge

Preliminary imagery is encouraging and is now being additional analyzed for the creation of NI 43-101 compliant technical report to incorporate proposed aggressive floor exploration targets for prospecting, geological mapping and additional sampling. 

CEO, David Greenway, acknowledged, “We’re making progress on all fronts throughout our portfolio of tasks. With our ongoing drill program on the Pocitos 1 Lithium Brine Challenge, a now permitted and funded drill program at Brussels Creek drilling, the proposed spin out of Pinchi Lake in to NextCharge Battery Metals Ltd. and now, our airborne magnetic survey at Georgia Lake is accomplished with preliminary imagery wanting very encouraging. We’re thrilled the staff at Prospectair had been capable of lock in an engagement and deploy to the property on such a right away timeframe because the climate was cooperative.”

“The purpose of this airborne survey is to establish the potential for structural continuity from neighbouring Rock Tech’s lively growth at its Georgia Lake Challenge. Rock Tech signed a significant lithium provide settlement with Mercedes-Benz AG and Recharge is dedicated to advancing and monetizing its portfolio of property to the advantage of all stakeholders,” Greenway continued.

On October 20th, 2022, Mercedes-Benz (MBGn.DE) signed a provide settlement with Canadian-German Rock Tech to obtain on common 10,000 tonnes of battery-grade lithium hydroxide per yr. The deal, which comes shortly after the 2 teams stated they might discover a strategic partnership, has a price over 5 years of 1.5 billion euros (US$1.47 billion) and can present sufficient lithium hydroxide for 150,000 automobiles a yr, the businesses stated.

Lithium is promoting within the spot market at 597,500 Yuan per tonne or the equal of US$84,484 per tonne based on TradingEconomics.com. (November 14th, 2022)

The 548 line-km airborne survey consists of overlaying neighbouring identified lithium-bearing pegmatite constructions, mobilization and demobilization, room and board, provide and supply of gasoline, knowledge gathering and processing. All ultimate outcomes shall be offered to part 4.4 with a ultimate report signed by QP and NI 43-101 compliant. 

Moreover, Intela Analysis a Dublin, Eire based mostly funding analysis firm, producing and distributing analysis to a worldwide viewers, together with, funding banks, institutional traders, in addition to skilled traders and related members of the worldwide funding neighborhood — revealed an preliminary fairness analyst analysis report on Recharge.

The analysis report dated October 31st, 2022, entitled “Recharge Assets Ltd. (CSE: RR / Frankfurt: SL50 / OTC:RECHF) Exploring a Cleaner Future By way of the Energy of Battery Metals” was written and produced by Intela analyst Matthew Levy, CFA.

All experiences on Recharge ready by analysts signify the views of such analysts and usually are not essentially these of Recharge. Though the Firm has paid a charge to Intela Analysis to supply its unbiased analysis opinion (simply as charges are paid to bond-rating businesses and auditors for his or her opinions), the Firm shouldn’t be chargeable for the content material, accuracy or timelines contained in an analyst’s report and the charge was not depending on the opinion supplied.

As well as, readers needs to be conscious, and are cautioned, that opinions, estimates, or forecasts contained in analysis analyst experiences usually are not topic to the necessities of Canadian Nationwide Instrument 43-101 (“NI 43-101”) “Requirements of Disclosure for Mineral Initiatives” and haven’t obtained any endorsement or approval by RR. As such, RR doesn’t indicate or in any manner signify that any of the experiences, opinions, estimates, or forecasts concerning RR made by analysis analysts complies with NI 43-101 or signify the opinions or beliefs of Recharge or its administration or representatives.

Along with data filed by Recharge as discovered on SEDAR (www.sedar.com), readers ought to discuss with the NI 43-101 Technical Report(s) of Recharge referring to its undertaking ready in accordance with NI 43-101.

The Intela report is at present obtainable to view, or to obtain, from Intela’s web site – www.intelaresearch.com or upon written request from Intela: e-mail: This e-mail deal with is being protected against spambots. You want JavaScript enabled to view it.

Certified Individual

Joerg Kleinboeck, P.Geo (JMK Exploration Consulting)  has reviewed the technical data that varieties the premise for parts of this information launch, and has accepted the disclosure herein. Mr Kleinboeck is unbiased of the Firm and is a professional individual as outlined beneath Nationwide Instrument 43-101.

Georgia Lake North & West – Lithium Properties – Ontario

The Georgia Lake North and West Properties are positioned roughly 160 km northeast of Thunder Bay, Ontario, throughout the Thunder Bay Mining Division. Recharge’s property is contiguous to the North and West boundaries of Rock Tech Lithium’s Georgia Lake Lithium Property and consists of two declare blocks totaling 320 hectares and 432 hectares.

Picture 3: Georgia Lake Lithium Challenge Overview

The Rock Tech Lithium Georgia Lake Challenge is host to a number of spodumene-bearing pegmatites. Lithium mineralization was found in 1955 and subsequently explored by a number of historic homeowners. Rock Tech’s property hosts an NI 43-101 Mineral Useful resource, as reported in Rock Tech’s Preliminary Financial Evaluation filed on Rock Tech’s SEDAR profile, with an efficient date of March 15, 2021. The Mineral Useful resource is summarized within the following desk:








  Tonnage (MT) Grade (Li20%)
Measured Assets 2.31 1.04
Indicated Assets 4.31 0.99
Measured & Indicated 6.62 1.01
Inferred Assets 6.68 1.16

 

Recharge’s administration cautions that previous outcomes or discoveries on properties in proximity to Recharge might not essentially be indicative of the presence of mineralization on the Firm’s properties.

About Recharge Assets

Recharge Assets is a Canadian mineral exploration firm targeted on exploring and growing the manufacturing of high-value battery metals to create inexperienced, renewable vitality to fulfill the calls for of the advancing electrical automobile and gasoline cell automobile market.

All stakeholders can comply with the corporate on its social media profiles on LinkedIn, Twitter, Facebook and Instagram.

On Behalf of the Board of Administrators,

“David Greenway”

David Greenway, CEO

For additional data, please contact:

Recharge Assets Ltd.
Joel Warawa
Cellphone: 778-588-5473
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web site: recharge-resources.com

Neither the Canadian Securities Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.

Disclaimer for Ahead-Wanting Data

Sure statements on this launch are forward-looking statements, which replicate the expectations of administration concerning Recharge’s intention to proceed to establish potential transactions and make sure company adjustments and purposes. Ahead wanting statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the longer term. Such statements are topic to dangers and uncertainties that will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements. No assurance may be on condition that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages Recharge will get hold of from them. These forward-looking statements replicate managements’ present views and are based mostly on sure expectations, estimates and assumptions which can show to be incorrect. Numerous dangers and uncertainties may trigger precise outcomes to vary materially from these expressed or implied by the forward-looking statements, together with Recharge’s outcomes of exploration or overview of properties that Recharge does purchase. These forward-looking statements are made as of the date of this information launch and Recharge assumes no obligation to replace these forward-looking statements, or to replace the the reason why precise outcomes differed from these projected within the forward-looking statements, besides in accordance with relevant securities legal guidelines.





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