Recharge Metals: Secures $3m to fund Express lithium project, Quebec

Recharge Metals Secures $3m to fund Express lithium project, Quebec

• Recharge Metals (REC) secures $3 million in fresh funds to accelerate exploration efforts at its Express lithium project in Quebec, Canada
• The company says it received “firm commitments” from institutional, sophisticated and professional investors for a conditional placement of 30 million new shares at 10 cents each
• Recharge decided to upscale the placement from $2.5 to $3 million due to “the significant level of demand”
• The company acquired Express on March 15, with initial exploration aimed at identifying targets ahead of a summer field campaign
• REC shares are trading at 14 cents at 10:57 am AEDT