Recharge Metals (ASX:REC) has recently acquired 100% of the Carter Uranium Project, located in the Powder River Basin, USA, one of the world’s premier uranium districts. Carter contains the majority of two significant high-grade historical resources, including The Acadia Deposit (3.7 Mlbs @ 1,250ppm eU₃O₈) and the Mindy Deposit (1.4 Mlbs @ 1,560ppm eU₃O₈). The projects give investors exposure to the uranium theme, as well as the growing tailwinds of US fiscal support for development of domestic uranium industry.
In addition, Recharge is advancing the Newnham Lake Uranium Project, located in Canada’s Athabasca Basin, Saskatchewan 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.
In line with our green energy focus, Recharge also continues to advance the Express Lithium Project in the James Bay Lithium Region, Québec, another world-class mineral province. Express boast numerous untested outcropping pegmatites, and are adjacent to known lithium mineralisation.
Additionally, Recharge is progressing its Brandy Hill South copper project located in Western Australia and is evaluating options following a recent geological review that supported evidence of porphyry copper system.
The company is fully funded to undertake programs across this energy minerals portfolio and looks forward to generating significant investor value as it advances these exciting projects.
Carter uranium project, Powder River Basin, US