Categories: Energy
Topics: Lithium Stocks

Lithium Investing in the EV Megatrend

Recharge Resources Ltd. (CSE: RR)(OTC: RECHF) — currently trading around C$0.40 per share — has announced that brine samples taken from its recently completed drill program at the flagship Pocitos lithium project, Argentina, are now being converted from lithium chloride to battery-grade lithium carbonate.

Recharge is aiming to build up to a 20,000-tonne-per-year Ekosolve™ lithium extraction plant at Pocitos in order to supply Richlink Capital Pty Ltd. clients up to 20,000 tonnes of lithium per annum as previously announced under LOI.

Recharge, which is utilizing the Ekosolve extraction process to produce lithium chloride as part of the offtake agreement, is now moving forward with a further pre-engineering step to produce battery-grade lithium carbonate from the brine samples. 

The company is leveraging the expertise of geologist and Recharge QP Phil Thomas — who has spent the past 22 years exploring for lithium brines — to help advance the process for Recharge at Pocitos.

Recharge Resources QP Phil Thomas at the Ekosolve Testing Facility in Melbourne, Australia.

Ekosolve is able to efficiently process lithium brines to produce lithium carbonate with a grade higher than 99.2% and a recovery of 97% — far exceeding any ion exchange or adsorption process commercially available at present.

Recharge Resources CEO David Greenway added via press release: 

"Our offtake LOI contemplates the supply of either lithium carbonate and/or chloride. It is important to engineer the plant for the end user as we look towards the next steps at the Pocitos lithium brine project. This is another positive milestone for Recharge and stakeholders as we move toward our next goals of establishing a NI 43-101 compliant mineral resource, a scoping study of the project and formalizing our offtake agreement.”

A brand new free report from our friends at Streetlight Confidential takes a deep dive into the Pocitos project and the groundbreaking lithium extraction process being utilized by the Recharge team.  

Also, earlier this month, Recharge successfully acquired the Pocitos-2 Option, which increases the size of the Pocitos project by about 50% while further opening things up for additional drilling. Pocitos-2 is currently permitted for the drilling of two wells.

Next steps at Pocitos include geophysical surveying and drilling of a third production-ready borehole to be included in the upcoming mineral resource calculation.

Additionally, Recharge is advancing its 100%-owned Georgia Lake North & West lithium project in Ontario, Canada, and its 100%-owned Brussels Creek copper-gold-palladium project in British Columbia, Canada. 

At Georgia Lake, the company recently completed a high-resolution heliborne magnetic survey. Data compilation from the survey is anticipated later this quarter wherein the company plans to deploy an aggressive spring 2023 field program.

At Brussels Creek, Recharge has announced a fully-funded Q1 2023 drill program slated for 900 meters across 3 drill holes to test the potential for copper-gold mineralization.

Looking ahead, speculators can expect news flow from multiple 100%-owned projects throughout 2023 as Recharge continues its early-stage exploration efforts across multiple high-demand, clean-energy commodities on multiple continents. 

For more on Recharge Resources, please be encouraged to contact the company’s IR department at 778-588-5473 or via email at info@recharge-resources.com.

Mike Fagan
Editor, Resource Stock Digest