Recharge Metals (ASX:REC) is ready to begin on-ground exploration at its wholly owned Wapistan Lithium Project in the James Bay region of Quebec, Canada.
The $23.94 million market capitalisation company will be targeting Targets 1, 2, and 3 at Wapistan East, with technical consultants Dahrouge Geological Consulting overseeing all activities.
Commenting on the exploration activities, Recharge Metals Managing Director Felicity Repacholi says: “It has taken longer than expected to arrive at this point due to the recent wildfires, and we would like to share our appreciation to the emergency service crews who battled wildfires to protect the communities in which we work.
“Access was granted to the area around Wapistan 2 weeks ago, and the team at Dahrouge Geological have done a fantastic job getting into the field so quickly”
Access was granted to the area around Wapistan 2 weeks ago, and the team at Dahrouge Geological have done a fantastic job getting into the field so quickly, and we eagerly await to see what they discover within the priority target areas.
The field team will be completing traverses across the identified targets and taking samples from outcrops for analysis. I am travelling to Canada at the end of the week, so I look forward to receiving and sharing the first observations from the initial fieldwork.”
Company shares closed 13.95% higher at $0.24 on Thursday afternoon (14 September).
Recharge Metals is a lithium- and copper-focused exploration company with assets in the James Bay region of Quebec, Canada, and Western Australia.
As of 30 June 2023, the company had $2.594 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Recharge Metals
