Recharge Resources (RR-Cse) Adds To Advisory Team Ahead Of Drilling At Pocitos 1 Lithium Salar
Aug 29, '22 - NR
Recharge Resources Ltd. has made appointments to the company's advisory board.
The company announces the addition of Brad Dixon to its advisory board. Mr. Dixon is an attorney based in Boise, Idaho, and a partner with Givens Pursley LLP. He is the co-chair of the Givens Pursley Litigation Group and focuses his practice on a variety of complex commercial litigation matters including construction litigation, secured transactions, real estate, employment and natural resources.
The company further wishes to announce the appointment of Hani John El Rayess to its advisory board as a M&A (mergers and acquisitions) and business development adviser. Mr. El Rayess was instrumental in the introduction and acquisition of the Pocitos 1 lithium salar project as well as numerous other battery metals assets in Recharge's growing portfolio.
Mr. El Rayess has spent 16 years as a capital market professional and has been a partner at Canada's Fortress Capital Group since 2014. Mr. El Rayess has acted in consulting, M&A, communication and angel investor roles across a number of sectors including mining, carbon offsets, crypto, tech, clean technology, telecom, biotech, agriculture, and oil and gas. Mr. El Rayess studied marketing management at the British Columbia Institute of Technology, completed the public company course at Simon Fraser University and completed the Canadian Securities Course in 2007.
Chief executive officer and director David Greenway states: "Recharge continues to add to its team in Canada, the USA and in Argentina as we enter the most pivotal time in the company's history. The company continues to advance its portfolio of assets with two fully funded drill programs at Brussels Creek copper-gold project and at the Pocitos 1 lithium brine project in Argentina. We welcome Mr. Dixon and Mr. El Rayess to the advisory board and look forward to their valuable input."
About Pocitos 1 lithium brine project
The Pocitos project is located approximately 10 kilometres from the township of Pocitos where there is gas, electricity and telephone Internet services. Pocitos 1 is approximately 800 hectares and is accessible by road. Previous exploration and development teams have spent over $1.5-million (U.S.) exploring the project, including surface sampling, trenching, TEM geophysics and drilling two 400 m holes that had outstanding brine flow results. Locations for immediate follow-up drilling have already been designed and identified for upcoming exploration.
Lithium values of up to 125 ppm (parts per million) from laboratory analysis conducted by Alex Stewart were recorded by AIS Resources Ltd. during the project's first drill campaign in May, 2018. AIS used a double packer in HQ diamond drill holes drilled to a depth of 409 metres and the flow rate of the hole was estimated to exceed 50,000 litres per minute and observed to continue for more than five hours (investors should note that these estimates were not National Instrument 43-101 compliant). Both drill holes had exceptional brine flow rates. Recharge's plan is to sample or twin the current drill holes and drill a further two holes to work toward a NI 43-101 resource calculation
RSU issuance
Recharge announces it has granted 2,837,500 restricted stock units (RSUs) to officers, directors, employees and consultants of the company. The RSUs are valid for a term of one year and under the terms of the company's restricted share unit plan.
About Recharge Resources
Recharge Resources is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle market.
On Behalf of the Board of Directors,
“Yari Nieken”
Yari Nieken, CEO
For further information, please contact:
Recharge Resources Ltd.
Mr. Joel Warawa
Phone: 778-588-5473
E-Mail: info@recharge-resources.com
Website: recharge-resources.com |
