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Recharge Metals Limited (ASX:REC)

ALERT: Price-sensitive ASX Announcement for REC
Current share price for REC : $0.023 0.004 (21.05%)+
Announcement
Release
20 Jul 2026 9:18AM
Price at Release
$0.019
Full Release
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Summary
Recharge Metals Limited completed significant strategic and financial activities for the quarter ending June 30, 2026. The company finalized the acquisition of the Sunset Well Gold Project and executed a Heritage Protection Agreement with the Darlot People. Additionally, Recharge initiated extensive exploration activities, including soil sampling and gravity surveying. Post-quarter, they acquired the Ironstone Well Project, augmenting the strike length of the Prospero Trend. Financially, they raised approximately $6 million through a placement and rights issue, resulting in a robust cash position of $5.6 million by quarter-end. Key management changes included appointing Luke Timmermans as CEO.
Key Points
  • Recharge Metals Limited completed the acquisition of the Sunset Well Gold Project.
  • A Heritage Protection Agreement was executed with the Darlot People.
  • 1,120 soil samples and a high-resolution gravity survey were completed at Sunset Well.
  • The acquisition of Ironstone Well Project was finalized to extend the Prospero Trend.
  • A $6 million capital raising was successfully completed.
  • Cash and cash equivalents at the end of June 2026 stood at $5.6 million.
  • The Prospero Shear Zone hosts a near-surface Inferred Mineral Resource Estimate.
  • Appointment of Luke Timmermans as Chief Executive Officer.
  • Placement and rights issue were heavily supported by shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.