SPEY RESOURCES ANNOUNCES APPOINTMENT OF LITHIUM BRINE EXPERT PHILLIP THOMAS AS CHIEF EXECUTIVE OFFICER

SPEY RESOURCES ANNOUNCES APPOINTMENT OF LITHIUM BRINE EXPERT PHILLIP THOMAS AS CHIEF EXECUTIVE OFFICER

 

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that Phillip Thomas has joined Spey as Chief Executive Officer, effective October 3, 2022.

 

Mr. Thomas is a highly specialised lithium brine geologist with significant experience in salt lake (salars) exploration, hydrology, estimation and production chemical engineering. He has had more than 30 years experience in the capital markets as a mining focussed investment banker with Macquarie Bank and ABN-Amro. Mr. Thomas is Non-Executive Chairman of copper producer Austral Resources Australia Ltd (ASX: AR1).

 

In 2003, Mr. Thomas and his team at Admiralty Resources explored and built a lithium carbonate extraction process and plant at Rincon Salar, Argentina, which was sold recently for US$825 million to Rio Tinto from Rincon Lithium. In 2009, as CEO of Lithea Inc., Mr. Thomas explored and produced a resource estimate for the Pozuelos Salar that was sold to Ganfeng this year for US$962 million. Ganfeng holds the concession adjacent to Spey's Candella II, both within the Incahuasi salar.

 

Mr. Thomas has also completed geophysics studies, drilled and explored Salinas Grandes, Pocitos, Incahuasi, Vilama and Guayatayoc salars, all located in Argentina. Mr. Thomas is also a shareholder and co-founder of Ekosolveâ„¢, a direct lithium extraction technology using solvent exchange that enables producers to extract lithium from high magnesium content brines with significantly higher recoveries and lower cost than most other technologies. Ekosolveâ„¢ Limited is currently developing a construction plan for a 20 tonne lithium carbonate mini plant in partnership with Spey Resources, who has licensed the Ekosolve TM technology.

 

Mr. Thomas holds a Masters of Business Marketing degree with high distinction from Monash University, a Bachelor of Science (Geology) degree and a finance qualification. He is a member of the Australian Institute of Geoscientists, a Fellow of the Australasian Institute of Mining and Metallurgy (" AusIMM ") and a Certified Mineral Valuer and past Chairman of the Australasian Institute of Mineral Valuers and Appraisers. Mr. Thomas has completed post graduate courses in geophysics and geochemistry at the University of Adelaide, and JORC code with AusIMM.

 

The Company also announces that Mr. Nader Vatanchi has resigned as Chief Executive Officer, effective October 3, 2022, and will now assume the role of Vice President of Corporate Finance and remain as a director of the Company.

 

Mr. Vatanchi commented, "The Company is excited to have Phil leading the Company with his extensive experience and unique expertise in exploration, discovery and development of lithium salars in Argentina. He pioneered the development of the Ekosolve TM direct lithium extraction production technology which Spey has licensed for use on its projects. Mr. Thomas will be in Argentina this month to commence work on the Company's Candella II and Pocitos projects and we are confident that he will help to fast-track the Company towards production and cash flow".

 

Mr. Thomas commented, "I am delighted to join the Company as CEO and excited by the opportunities at the Company's projects. The Company's recent drilling results at Candela II at Incahuasi are encouraging, and I'm further excited with the Company's EkoSolveâ„¢ direct lithium extraction process to efficiently manage the chemistry and achieve high recoveries of lithium."

 

  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 (" NI 43-101 ").

 

  About Spey Resources Corp.  

 

 Spey Resources is a Canadian mineral exploration company which holds two option agreements to acquire 100% interest in the Candela II and Pocitos II lithium brine projects, and a 20% interest in the Pocitos I lithium project, all of which are located in the 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 contact:  
Nader Vatanchi
VP of Corporate Finance, Director
nader@speyresources.ca
778-881-4631

 

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

 

 

 

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

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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.

 

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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.

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

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

  4.  
  5. the re-approval of the Company's stock option plan.

  6.  

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).

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 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.

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Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the final set of results obtained as part of the 2025 Winter drill campaign conducted on its Mirage Project. The Mirage Project is located in the Eeyou Istchee–James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. This press release primarily focuses on the drilling work carried out in the eastern extension of the MR-6 dyke and the "Stacked Dyke" zone.

 

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Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA's geophysics team has confirmed significant oxide mineralization in the northwest section of the 100% owned Radar Titanium Property (the "Property) over the site previously drilled back in 1996.

 

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Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

- Discussions with potential spodumene feedstock offtakers ongoing

- Further talks with potential OEMs on battery grade lithium carbonate offtake

- All work completed on Becancour Lithium Project - waiting for lithium market recovery

- Acquisition of global rights photovoltaic (PV) solar panel recycling technology

- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

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