REC - Recharge Metals

[System]

Recharge Metals Limited is an early stage mineral resource exploration and development company focused on exploration of the Projects and successfully completing its applications for Tenements.

Since incorporation on 5 February 2021, the Company has made applications and entered into agreements giving rights to acquire Tenements comprising the following Projects:

• Brandy Hill South: comprising E59/2181and P59/2182 (acquired, but yet to be registered in the name of the Company) and applications for E50/2560, E59/2587 and E59/2588. This Project is located 58 kilometres south-east of Yalgoo and is prospective for copper and gold;
• Hyden: comprising E70/5747 to be acquired by Recharge (following admission of Recharge to the official list of the Australian Securities Exchange), E70/5003 which Recharge has an option to acquire and E70/5756 which is held by Recharge (subject to rights granted to the vendor of E70/5003 to require E70/5756 to be transferred to it, if the option over E70/5003 is not exercised). This Project is prospective for nickel, cobalt and copper; and
• Bohemia: comprising tenement applications for E80/5574, E80/5575 and E80/5576. This Project is located 100 kilometres south-east of Fitzroy Crossing and is prospective for zinc and lead.

Following completion of its IPO, the Company intends to undertake exploration activities on the Projects.

It is anticipated that REC will list on the ASX during September 2021.

ASX-listed explorer, focused on the Express lithium project in the James Bay lithium district - Recharge Metals Limited

Recharge Metals Ltd is an ASX-listed explorer, focused on the Express lithium project in the James Bay lithium district.

rechargemetals.com.au

 

[Dona Ferentes]

Listing date	21 September 2021 #
Company contact details	https://rechargemetals.com.au/ +61 (08) 9481 0389
Principal Activities	Mineral Exploration
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	REC
Capital to be Raised	$5,000,000
Expected offer close date	07 September 2021
Underwriter	Not underwritten. PAC Partners Securities Pty Ltd (Lead Manager)

 

[Dona Ferentes]

REC listed on the ASX today.... under half a mill worth of shares went through; opened at 18, down to 16.5c, bounced around a bit and still closed at 18.5c; under the 20c float price

 

[frugal.rock]

Might be worth a dig into...?
On my list of things to do, unless someone wants to do it for me??

 

[frugal.rock]

Chart update

 

[farmerge]

REC Recharge Metals Limited.
My dubious pick for February Comp.
I was looking a for a gold explorer type outfit in the penny dreadful column and this lot popped up.
Have no idea if they will be good, bad or indifferent, but would appear that some of the punters like it.
I don't hold, but that scenario may change after tomorrow.