Recharge Resources Ltd. (CNSX:RR) entered into a Purchase Agreement to acquire Pocitos 1 Project in Salta, Argentina from Ekeko S.A. for $1.2 million on August 15, 2023. The consideration of $1.2 million of which $0.85 million that will be paid on the Agreement signing date. Due within 5 days after signing of the agreement, the sum of $0.35 million to be placed in trust within the 30 days of the Agreement signing date that will be payable at the time of issuance of the Certificate of Title to Pocitos 1 Project, Recharge has agreed to pay for taxes payable as part of the transaction due in April 2024 and There are no royalties associated with Pocitos 1 Project.

Recharge Resources Ltd. (CNSX:RR) completed the acquisition of Pocitos 1 Project in Salta, Argentina from Ekeko S.A. on October 4, 2023.