Recharge Metals Limited entered into a binding agreement to acquire Express Lithium Project from DG Resource Management Ltd, Hale Court Holdings Pty Ltd, and Ikigai Strategic Investments Pty Ltd for CAD 4.7 million on March 15, 2023. Consideration will be paid as cash CAD 0.25, ordinary shares of Recharge 22.5 million, 6.18 million of options to acquire shares in Recharge and 22.5 million of performance rights vesting into shares in Recharge. Recharge Metals has secured firm commitments from institutional, sophisticated and professional investors a placement.

Recharge Metals Limited (ASX:REC) acquired Express Lithium Project from DG Resource Management Ltd, Hale Court Holdings Pty Ltd, and Ikigai Strategic Investments Pty Ltd on May 4, 2023. Recharge Metals Limited (ASX:REC) completed the AUD 3.0 million share placement to advance exploration activities at Express.