Recharge Resources Announces Corporate Restructuring with Two New Mining Spinouts

Recharge Resources Ltd. announced plans to transform its corporate structure by spinning out two new publicly traded mining companies: Blackstone Copper Corp. and Brookefield Minerals Corp. Effective March 7, 2025, the company will change its name to Vanguard Mining Corp. and its trading symbol from RR to UUU. CEO David Greenway explained the rationale behind the spinout, stating that the current market does not fully value the company's project portfolio. By creating two separate entities, each project will receive dedicated attention and potentially command a more appropriate valuation.

Blackstone Copper Corp. will own the Redonda Copper Project, located in British Columbia's Vancouver mining division. Recent drilling results showed promising copper and molybdenum concentrations, with some drill holes revealing up to 142.6 meters of 0.279% copper and 0.0281% molybdenum. This significant mineralization highlights the project's potential in a region known for its rich mining history and established infrastructure. The spinout allows Blackstone Copper to focus exclusively on developing this copper asset while potentially attracting investors specifically interested in copper exposure.

Brookefield Minerals Corp. will manage the Pinchi Lake Nickel Project, situated approximately 15 to 30 kilometers northwest of Fort St. James. The project features awaruite, a naturally occurring nickel-iron alloy, which offers potential environmental advantages due to its minimal processing requirements. This unique mineral composition could position Brookefield as an attractive investment opportunity in the growing market for environmentally conscious mining operations. The separation enables specialized management of this nickel project, which operates in a different commodity space than the copper-focused Blackstone.

The spinout transaction remains subject to regulatory approvals, financial analyses, and market conditions. Recharge Resources shareholders will receive pro rata shares in these new companies, offering them potential additional value and investment opportunities in distinct mining ventures. This corporate restructuring represents a strategic move to maximize shareholder returns by allowing each mining project to be valued independently based on its specific merits and market conditions. The transaction structure provides existing investors with exposure to three separate mining entities, each with focused management teams and dedicated resources for project development.