Battery Metals

 Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) ("Spey" or the "Company")  is pleased to announce that on March 18, 2021 its wholly owned subsidiary, Tech One Lithium Resources Corp. signed a facility fee agreement to have access to utilize the Ekosolve™️ Lithium Solvent Exchange Extraction process that can efficiently manage the processing of the brines to produce lithium carbonate with a grade higher than 99.2% and a recovery of 97%, far exceeding any ion exchange or adsorption process available to date. Ekosolve™️ is licensed to University of Melbourne, Australia.

The key advantage of the Ekosolve system is the elevated rate of lithium yield targeting 97% with 95% of the solvent being reclaimed. Other systems such as adsorption may achieve 72-80% yield, fractional crystallization of 50-70%, and ion exchange up to 90%. In adsorption and ion exchange systems, extra processes may be required to manage the magnesium and boron in the brines whereas this is not an issue with the Ekosolve process. Hence the capital expenditure and operating costs are anticipated to be substantially reduced. A significant benefit, evaporation ponds are not required, providing a more eco-friendly solution.

Spey Resources chief executive officer and director Nader Vatanchi states, "Having access to the Ekosolve™️ lithium extraction process could potentially save significant capital costs and provides the added benefit of being environmentally friendly. The process has been tested and patented at the University of Melbourne, Australia, and we are looking forward to sending our lithium brine samples there for testing within the next week or two."

Qualified Person

Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Thomas is independent of the Company but discloses that he is a shareholder of SPEY.

About Spey Resources Corp.

Spey Resources is a Canadian mineral exploration company which holds an option to acquire 100% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo British Columbia.

For more information, please visit the Company's public disclosure at www.sedar.com and www.speyresources.ca

Contact:

Nader Vatanchi
CEO, Director
778-881-4631
nader@speyresources.ca
www.speyresources.ca

###

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company's mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86356

News Provided by Newsfile via QuoteMedia

spey resources

Spey Resources


Keep reading...Show less
FY22 Full Year Results Briefing

FY22 Full Year Results Briefing

Allkem Limited (ASX|TSX: AKE) ("Allkem" or "the Company") will release its Full Year Results on Thursday, 25 August 2022.

Managing Director and CEO, Mr. Martín Pérez de Solay and CFO, Neil Kaplan will conduct a live webcast briefing at 09:00 am AEST (Brisbane, Sydney, Melbourne) on the same day.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
electric vehicle charging

7 Biggest Lithium-mining Companies in 2022

For a long time, most lithium was produced by an oligopoly of producers often referred to as the “Big Three”: Albemarle (NYSE:ALB), Sociedad Quimica y Minera de Chile (NYSE:SQM) and FMC (NYSE:FMC).

Rockwood Holdings was on that list as well before it was acquired by Albemarle several years ago.

However, the list of the world’s top lithium-mining companies has changed in recent years. The companies mentioned above still produce the majority of the world’s lithium, but China also accounts for a large chunk. It was the third largest lithium-producing country in 2021 in terms of mine production, behind Australia and Chile.

Keep reading...Show less
Livent Corporation

Livent Corporation

Livent is a pure-play lithium producer that was formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 50% stake in a fully integrated Canadian lithium project.

Allkem Ltd

Allkem Ltd

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, and Olaroz. The majority of the company's revenue is derived from the Olaroz segment. Its products are classified into minerals, refined products and boric acid used in various markets from agriculture, ceramics, glass, gold assay and smelting fluxes, wood protection and a variety of specialty applications. The company generates maximum revenue from Olaroz segment.

Sociedad Quimica y Minera S.A.

Sociedad Quimica y Minera S.A.

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium ( primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine ( primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality caliche ore and salt brine deposits. SQM is also developing a hard rock lithium project in Australia.

Ganfeng Lithium Co Ltd - Class H

Ganfeng Lithium Co Ltd - Class H

Ganfeng Lithium Co Ltd focuses on the development, manufacture, and sale of deep processed lithium products, lithium new materials, lithium power and energy storage batteries, lithium resources and lithium battery recycling, and others. The company's operating segment includes Lithium metal and compound, Lithium battery, and Lithium ore resource and others. It generates maximum revenue from the Lithium metal and compound segment. Lithium metal and compound segment manufacture and sale of lithium products and rendering of processing services. Geographically, it derives most of its revenue from Mainland China.

Latest Press Releases

Related News

×