Strongly Supported $4.1M Placement to Accelerate Exploration

• Placement backed by existing shareholders and new investors to raise $4.1M
• Funds will accelerate exploration at Sunset Well Gold Project and Brandy Hill South
• Placement priced at $0.036 per share, a 2.5% discount to 10-day VWAP

Recharge Metals Ltd. announced a strongly supported placement to raise $4.1 million before costs, backed by existing shareholders and new investors. The placement, priced at $0.036 per share, represents a 2.5% discount to the 10-day volume-weighted average price. Proceeds will fund exploration at the Sunset Well Gold Project, including the Prospero Deposit and the broader Prospero Trend, and targeted exploration at the Brandy Hill South Copper-Tungsten Project. Canaccord Genuity and Ord Minnett acted as Joint Lead Managers, with settlement expected around 22 October 2026.