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Recharge Resources Announces Share Consolidation

Thursday, January 9, 2025 12:05 AM PST

(via TheNewswire)

Vancouver, BC – January 9, 2025 – TheNewswire - Recharge Resources Ltd. ("Recharge" or the "Company") (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) announces that the Company intends to consolidate the common shares in the capital of the Company (the “Common Shares”) on the basis of three (3) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the “Consolidation”).

The Company currently has 50,857,441 Common Shares issued and outstanding, and following the Consolidation, the Company will have approximately 16,952,480 Common Shares issued and outstanding, prior to rounding for fractional shares.

The Consolidation remains subject to the approval of the board of directors of the Company and remains subject to the approval of the Canadian Securities Exchange (the “Exchange”). The Company will issue a further news release announcing the effective date of the Consolidation upon receiving Exchange approval. The Company will not be changing its name in conjunction with the Consolidation.

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,

“David Greenway” David Greenway, CEO

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain statements that may be deemed "forward-looking statements". The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedarplus.ca.