SPEY RESOURCES ANNOUNCES APPOINTMENT OF HARRY NIJJAR AS CHIEF FINANCIAL OFFICER

SPEY RESOURCES ANNOUNCES APPOINTMENT OF HARRY NIJJAR AS CHIEF FINANCIAL OFFICER

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that Harry Nijjar has joined Spey as Chief Financial Officer, effective October 12, 2022.

Mr. Nijjar is currently a managing director with Malaspina Consultants Inc. and provides chief financial officer and strategic financial advisory services across many industries. His experience has allowed him to help companies successfully navigate regulatory and financial environments within which they operate. Mr. Nijjar holds a CPA, CMA, designation from the Chartered Professional Accountants of British Columbia.

The Company also announces that Mr. Abbey Abdiye has resigned from the Company as Chief Financial Officer, effective October 12, 2022, and would like to take this opportunity to thank Mr. Abdiye for his service and to wish the very best in his future endeavours.

About Spey Resources Corp.

Spey Resources is a Canadian mineral exploration company which has an 80% 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 Pocitos II and 20% interest in the ‎Pocitos I lithium projects‎. Spey also holds interests in four lithium exploration projects located ‎in the James Bay Region of ‎Quebec‎. Spey has a 100% 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 contact:
Nader Vatanchi
VP Corporate Finance

nader@speyresources.ca
778-881-4631

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.


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. José 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 ‎international and Argentine mining operations, and project and commercial management. Mr. de Castro ‎specializes in process engineering, mining, resources management and operations work. Mr. de Castro has ‎held important operations and executive positions in mining organizations in Argentina and Chile, and ‎was involved in the design, construction and start-up of the FMC Corporation (now Livent Corp. (NYSE: ‎LTHM)) facilities in the 1990´s, holding the position of Lithium Carbonate and Ponds Superintendent. In ‎‎2009, Mr. de Castro was the Argentine Country Manager for Orocobre Ltd.(ASX: AKE), where he was ‎responsible for the feasibility, design, construction and start-up of their lithium brine project in the ‎Lithium Triangle, Argentina. Currently Mr. de Castro is a director and chief operating officer of NRG Metals ‎Inc., 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.

 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
Altech Batteries Ltd  Bearer Bond Funds Received

Altech Batteries Ltd Bearer Bond Funds Received

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

As the Bond Note Subscription Deed involved the Company granting a security interest over the Company's Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a 'non-lending foreign entity' and advised that accordingly it was not comfortable in registering the land security.

The Company's wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

On 20 August 2025, the Company's wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company's Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

Altech Meckering Pty Ltd, the Company's wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main

Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main

Brunswick Exploration Inc. ( TSX-V: BRW OTCQB: BRWXF ; FRANKFURT:1XQ ; " BRW " or the " Company ") is pleased to announce that it has begun drilling at the Anatacau Main Project, located in the Eeyou-Istchee James Bay region of Quebec. The drill program will target the Anais lithium discovery, located 22 kilometers east and along strike from Rio Tinto's Galaxy project and BRW's Anatacau West project.

Mr. Killian Charles, President and CEO of BRW, commented: "Beyond our favorable results in Greenland, we continue to advance our portfolio of assets in Quebec. We expect to complete our maiden resource estimate at Mirage in Q4 and, now, have begun an exciting new drill program at Anatacau Main, one of our first Canadian lithium discoveries. Our previous work at the neighbouring Anatacau West project demonstrated that mineralization is immediately contiguous east of the Galaxy Lithium project. Importantly, we believe the Anais showing also possesses the same structural context and similar geological features to the Galaxy Lithium project."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Macquarie Electro Jet Silver Extraction Recovery

Macquarie Electro Jet Silver Extraction Recovery

Lithium Universe (LU7:AU) has announced Macquarie Electro Jet Silver Extraction Recovery

Download the PDF here.

Target Defining Auger Campaign Commenced at Kandia

Target Defining Auger Campaign Commenced at Kandia

Castle Minerals (CDT:AU) has announced Target Defining Auger Campaign Commenced at Kandia

Download the PDF here.

Latest Press Releases

Related News

×