Recharge Metals - REC (ASX) News & Expert Insights from Stockhead

Recharge Metals (ASX:REC) has recently acquired Newnham Lake Uranium Project, located in Canada’s Athabasca Basin, host to the world’s highest grade uranium deposits.

Geophysical data and historic intersections indicate strong prospectivity at Newnham Lake, and we believe this highly sought-after project presents an outstanding opportunity to make a new discovery.

DG Resource Management (DGRM) vended the project and is engaged as in-country consultant for technical and geological expertise and is overseeing the planning of the exploration program. DGRM holds ~16% of Recharge’s register.

In line with our green energy focus, Recharge also continues to advance the Express and Wapistan Lithium Projects in the James Bay Lithium Region, Québec, another world-class mineral province. Both projects boast numerous untested outcropping pegmatites, and are adjacent to known lithium mineralisation.

The company is fully funded to undertake concurrent exploration programs at Express and Wapistan Lithium Projects, as well as Newnham Lake Uranium Project.

KEY PEOPLE

Ms Felicity Repacholi is a professional geologist and brings a wealth of experience in mineral exploration and resource development to the Company, having worked with several public and private companies across a 20-year career.

Mr Andrew has over 20 years’ experience in financial markets in Asia and Australia.
Previously he has held senior management positions at various global investment banks. These roles included leading the equity sales desk for BNP Paribas and heading the Refining and Petrochemicals sector research team at Deutsche Bank in Asia as well as spending 5 years as a research analyst at Hartley’s covering the oil and gas and industrial sectors.

Ms Amanda Burgess is an accounting and company secretary professional with over 30 years’ experience. She graduated from University of WA with a Bachelor of Economics degree and is a member of CPA Australia (CPA). Amanda specialises in corporate governance, statutory reporting and financial accounting. Amanda currently holds CFO and Company Secretary positions with various Australian companies and has also been involved in listing of a number of junior exploration companies on the ASX.