Recharge Resources Bolsters Board with Lawrence Segerstrom for Uranium Project Review

Recharge Resources Ltd. (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) has strengthened its board with the appointment of Lawrence Segerstrom, a consulting geologist and "Qualified Person" under National Instrument 43-101, to oversee the strategic review of multiple uranium projects across North America. This move comes as the company seeks to capitalize on the growing demand for uranium and the favorable political landscape for domestic energy supply and nuclear energy development in the United States.

Segerstrom's appointment brings valuable expertise and credibility to Recharge's uranium project review process. As a Qualified Person, he is responsible for reviewing and approving the scientific and technical information contained in the news release, ensuring accuracy, completeness, and compliance with relevant regulations. This appointment will enable Recharge to make more informed decisions about which projects to pursue and ensure that the company's disclosures are accurate and transparent, ultimately building investor confidence and supporting the company's strategic goals in the uranium sector.

The strategic review will focus on historical deposits and new opportunities within the United States, particularly in the Colorado Plateau region, as well as in Canada's prolific Athabasca Basin in Saskatchewan and surrounding areas. The Colorado Plateau is recognized as a world-class uranium jurisdiction with a rich resource potential and a long-standing contribution to domestic uranium supply. Two specific uranium projects in the Colorado Plateau region are likely to benefit from Recharge Resources' strategic review:

1. White Mesa Mill and Daneros Project: The White Mesa Mill, owned by Energy Fuels Inc., is the only conventional uranium mill operating in the United States. The Daneros Project, also owned by Energy Fuels Inc., is a nearby uranium project with significant resources. Recharge Resources' strategic review could potentially lead to an investment or partnership with Energy Fuels Inc. to develop the Daneros Project and supply uranium to the White Mesa Mill, helping to secure domestic uranium supply and support the U.S. nuclear energy sector.
2. Canyon Mine: The Canyon Mine, owned by Energy Fuels Inc., is another uranium project located in the Colorado Plateau region. The mine has a significant resource base and is strategically positioned to benefit from Recharge Resources' strategic review. A potential investment or partnership with Recharge Resources could help fund the development and expansion of the Canyon Mine, further increasing domestic uranium production and supporting the U.S. nuclear energy sector.

The incoming U.S. administration's focus on domestic energy supply and nuclear energy development significantly influences Recharge Resources' uranium project review and potential expansion plans. The shift to a Republican administration, with President-elect Donald Trump committed to expediting permitting processes for mining and increasing investment in nuclear energy, creates a favorable landscape for Recharge's planned expansion in the uranium sector. The United States currently imports approximately 40.5 million pounds ("Mlbs") of U3O8 annually, with only 2.1 Mlbs—roughly 5%—sourced from domestic suppliers. The outgoing administration introduced bipartisan legislation aimed at prohibiting uranium imports from Russia, further emphasizing the need for secure, homegrown supply chains. With global uranium demand now surpassing mined production and no immediate solutions on the horizon, conditions are primed for a significant resurgence in U.S. uranium development.



Recharge Resources President and CEO David Greenway states that the company looks forward to engaging its stakeholders in the exciting developments ahead and invites everyone to join them in this next chapter of the Recharge journey. With the appointment of Lawrence Segerstrom and the strategic review of uranium projects, Recharge Resources is well-positioned to capitalize on the growing demand for uranium and the favorable political landscape for domestic energy supply and nuclear energy development in the United States.



In conclusion, Recharge Resources' appointment of Lawrence Segerstrom to oversee the strategic review of uranium projects is a strategic move that positions the company to capitalize on the growing demand for uranium and the favorable political landscape for domestic energy supply and nuclear energy development in the United States. With a focus on the resource-rich Colorado Plateau region and the expertise of a Qualified Person, Recharge Resources is well-equipped to make informed decisions and build a strong portfolio of uranium projects.