MINISTER OF PRODUCTION AND SUSTAINABLE DEVELOPMENT OF SALTA PROVINCE, ARGENTINA APPROVES DRILL PERMITS FOR SPEY'S POCITOS SALAR PROJECTS

MINISTER OF PRODUCTION AND SUSTAINABLE DEVELOPMENT OF SALTA PROVINCE, ARGENTINA APPROVES DRILL PERMITS FOR SPEY'S POCITOS SALAR PROJECTS

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that the Ministerio de Produccion y Desarrollo Sustentableā€Ž (Minister of Production and Sustainable Development) (the " MPSD ") has approved the Company's drill permits for Pocitos Salar projects 1 and 2. As mentioned in the Company's press release dated October 6, 2022, the drill camp, internet, diesel tanks and geological offices have been constructed in the town of Pocitos.

Drill Rigs Mobilizing To Ā  Pocitos Ā  Salar Ā  , Argentina

Phil Thomas, CEO of Spey, states, "these are exciting times for the Company since we have received our green light to drill and have mobilized the drill rigs to Pocitos 1. Drilling has begun on Pocitos 1 and we anticipate drilling to begin on Pocitos 2 around October 27, 2022.

Drill Rig Set Ā  Pocitos Ā  1, Ā  Pocitos Ā  Salar Ā  , Argentina

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Phillip Thomas, BSc. Geol, MBM, FAusIMM, MAIG, MAIMVA(CMV), who is a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and is CEO of the Company.

About Spey Resources Corp.

Spey Resources is a Canadian mineral exploration company which has an 80% interest in the ā€ŽCandela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Spey ā€Žalso holds an option to acquire a 100% undivided interest in Pocitos II and 20% interest in the ā€ŽPocitos I lithium projectsā€Ž. Spey also holds interests in four lithium exploration projects located ā€Žin the James Bay Region of ā€ŽQuebecā€Ž. Spey has a 100% interest in the Silver Basin Project located ā€Žin the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% ā€Žinterest in the Kaslo Silver project, west of Kaslo, British Columbia.ā€Ž

For more information, please contact:

Nader Vatanchi
VP of Corporate Finance, Director
nader@speyresources.ca
778-881-4631

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties, ā€Žā€Žā€Žā€Žincluding with respect to the Company's business and plans, including with respect to undertaking further acquisitions and drilling at Ā  Pocitos Ā  1 and Ā  Pocitos Ā  2 Ā  . Ā  The Company ā€Žā€Žprovides forward-looking statements for the purpose of conveying ā€Žā€Žinformation about current ā€Žā€Žexpectations and plans relating to the future and readers are cautioned that ā€Žā€Žsuch statements may not be ā€Žā€Žappropriate for other purposes. By its nature, this information is subject to ā€Žā€Žinherent risks and ā€Žā€Žuncertainties that may be general or specific and which give rise to the possibility that ā€Žā€Žexpectations, ā€Žā€Žforecasts, predictions, projections, or conclusions will not prove to be accurate, that ā€Žā€Žassumptions may not ā€Žā€Žbe correct, and that objectives, strategic goals and priorities will not be achieved. ā€Žā€ŽThese risks and ā€Žā€Žuncertainties include but are not limited those identified and reported in the Company's ā€Žā€Žpublic filings ā€Žā€Žunder the Company's SEDAR profile at www.sedar.com. Although the Company has ā€Žā€Žattempted to identify ā€Žā€Žimportant factors that could cause actual actions, events, or results to differ ā€Žā€Žmaterially from those ā€Žā€Ždescribed in forward-looking information, there may be other factors that cause ā€Žā€Žactions, events or ā€Žā€Žresults not to be as anticipated, estimated or intended. There can be no assurance that ā€Žā€Žsuch information ā€Žā€Žwill prove to be accurate as actual results and future events could differ materially from ā€Žā€Žthose ā€Žā€Žanticipated in such statements. The Company disclaims any intention or obligation to update or ā€Žā€Žrevise any ā€Žā€Žforward-looking information, whether as a result of new information, future events or ā€Žā€Žotherwise unless ā€Žā€Žrequired by law.ā€Ž

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this ā€Žpress release.ā€Ž


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

SPEY:CC
The Conversation (0)
SPEY RESOURCES CORP. ANNOUNCES 2023 EXPLORATION PLAN ESTIMATE OF RESOURCE AT INCAHUASI SALAR AND DECISION TO DEFER DRILLING AT POCITOS 2

SPEY RESOURCES CORP. ANNOUNCES 2023 EXPLORATION PLAN ESTIMATE OF RESOURCE AT INCAHUASI SALAR AND DECISION TO DEFER DRILLING AT POCITOS 2

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that it intends to focus on its Incahuasi Salar property where 5 diamond drill holes (DDH) wells were drilled in 2021 and use this drilling data and geophysics to build a resource estimate. The Company had previously proposed to drill at the Company's Pocitos 2 property of 532 Has in November 2022, but after delays in drill rig availability, the Company decided to focus on its Incahuasi Salar property.

Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SPEY RESOURCES CORP. ANNOUNCES BOARD APPOINTMENTS

SPEY RESOURCES CORP. ANNOUNCES BOARD APPOINTMENTS

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that Mr. JosƩ de Castro and Mr. Aaron Wong will each be joining the board of directors of the Company (the " Board "), effective November 18, 2022.

Mr. de Castro is a mining executive and chemical engineer with deep knowledge and experience in ā€Žinternational and Argentine mining operations, and project and commercial management. Mr. de Castro ā€Žspecializes in process engineering, mining, resources management and operations work. Mr. de Castro has ā€Žheld important operations and executive positions in mining organizations in Argentina and Chile, and ā€Žwas involved in the design, construction and start-up of the FMC Corporation (now Livent Corp. (NYSE: ā€ŽLTHM)) facilities in the 1990Ā“s, holding the position of Lithium Carbonate and Ponds Superintendent. In ā€Žā€Ž2009, Mr. de Castro was the Argentine Country Manager for Orocobre Ltd.(ASX: AKE), where he was ā€Žresponsible for the feasibility, design, construction and start-up of their lithium brine project in the ā€ŽLithium Triangle, Argentina. Currently Mr. de Castro is a director and chief operating officer of NRG Metals ā€ŽInc., a junior resource company with two projects in Argentina Lithium Triangle.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SPEY RESOURCES CORP. ANNOUNCES AMENDMENT TO KASLO OPTION AGREEMENT

SPEY RESOURCES CORP. ANNOUNCES AMENDMENT TO KASLO OPTION AGREEMENT

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company "), announces that the Company has amended the agreement pursuant to which the Company holds an option to acquire a 100% interest in the Kaslo Silver Property whereby the Company shall issue an additional 342,302 common shares in the capital of the Company (the "Shares") to the optionors in lieu of a $70,000 cash payment that was due by August 31 2022. The Shares shall bear a hold period of four month and one day from issuance.

About Spey Resources Corp.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Spey Resources Corp. Announces Results of Annual General and Special Meeting

Spey Resources Corp. Announces Results of Annual General and Special Meeting

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company "), is pleased to announce the results of voting at its annual general and special meeting of shareholders which was held on November 9, 2022, in Vancouver, British Columbia (the " Meeting "). The following matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated October 13, 2022 (the " Circular "), were approved by the requisite majority of votes cast at the Meeting:

  1. the election of Nader Vatanchi, Ian Graham, and Lawrence Hay as directors of the Company for the ensuing year;

  2. the appointment of Manning Elliot LLP, Chartered Professional Accountants as the Company's auditors for the ensuing year; and

  3. the re-approval of the Company's stock option plan.

During the Meeting, the shareholders also passed an amended motion setting the number of directors of the Company for the ensuing year at five (5).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SPEY RESOURCES CORP. EXECUTES AGREEMENT FOR LITHIUM OFFTAKE WITH RICHLINK CAPITAL PTY LTD.

SPEY RESOURCES CORP. EXECUTES AGREEMENT FOR LITHIUM OFFTAKE WITH RICHLINK CAPITAL PTY LTD.

Ā Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey" or the "Company"), is pleased to announce that the Company has executed a letter of intent (the " LOI ") with Richlink Capital Pty Ltd. (" Richlink "), an investment bank servicing international institutions in the lithium markets. The LOI outlines the potential for the Company to supply up to 20,000 tonnes of lithium chloride annually to two of Richlink's clients from potential future production at the Company's Incahuasi Salar and Pocitos 2 Salar lithium brine projects in Salta province, Argentina.

The LOI contemplates that Richlink's clients would contract to purchase a minimum of 10,000 tonnes of lithium chloride of potential future production on a free on board basis from the port in Antofagasta, Chile. The current benchmark price quoted by Trading Economics is 577,500 yuan or USD equivalent $80375.78 per tonne as at November 4, 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Galan Lithium Limited: A$20 million Placement to Strategic Partner

Galan Lithium Limited: A$20 million Placement to Strategic Partner

Galan Lithium Limited (ASX:GLN) ( Galan or the Company ) is pleased to announce it has secured a binding commitment for a A$20 million placement ( Placement ) at A$0.11 per share, a 21% premium to the last closing price of A$0.091 as at 19 June 2025 from an existing shareholder, The Clean Elements Fund ( Clean Elements ). Additionally, Clean Elements will receive one unlisted option for everyĀ twoĀ sharesĀ issued underĀ theĀ Placement,Ā withĀ anĀ exercise priceĀ ofĀ A$0.15 perĀ optionĀ andĀ anĀ expiry date that is three years from the date of issue.

TheĀ PlacementĀ isĀ subjectĀ toĀ CleanĀ Elements'Ā satisfactoryĀ completionĀ ofĀ dueĀ diligence overĀ aĀ periodĀ not longerĀ thanĀ 77 days.Ā FullĀ completionĀ ofĀ theĀ PlacementĀ willĀ require shareholderĀ approvalĀ whichĀ willĀ be sought at a Galan general meeting, expected to be held in early September 2025 .

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Surface Metals to Present at Fast Markets Lithium Supply and Battery Raw Materials Conference

Surface Metals to Present at Fast Markets Lithium Supply and Battery Raw Materials Conference

Surface Metals Inc. (CSE:SUR) (OTCQB: SURMF) (the "Company", or "Surface Metals") is pleased to announce that the Company will be attending and presenting to industry at the 17th Annual Fast Markets Lithium Supply and Battery Raw Materials Conference June 23rd - 26th, 2025 in Las Vegas, Nevada.

The Fast Markets Lithium Supply and Battery Raw Materials Conference, a four day event, is the largest global forum for lithium and battery raw materials, with keynote speakers and attendees from around the world including top producers to end users as well as participants along the entire supply chain. Fast Markets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and energy transition markets.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration

Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce it has launched an aggressive regional-scale prospecting and mapping initiative on its sizeable Greenland portfolio that contains hundreds of untested targets using 4 crews and 2 helicopters for six weeks.

Initially, one team will focus on detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas while the other will focus on the expanded Nuuk and Paamiut licenses as well as the historical spodumene showing at Paamiut. Starting in July, one team will focus on follow-up prospecting at the Nuuk and Paamiut projects based on results from June while the other team will focus on the Disko Bay and Uummannaq projects. Results from the first six weeks will be used to plan advanced exploration programs in August and September 2025, including first pass prospecting across its recently acquired Hinksland project in East Greenland (See new Release of March 13 th , 2025).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

Ɨ