technology one corp

Spey Resources Announces BCSC Regulatory Review

 

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") announces that it is subject to a continuous disclosure review by the British Columbia Securities Commission (the " BCSC "). The review relates to the Company's recent disclosure record and includes a review of certain disclosure surrounding recent acquisitions completed by the Company.

 

In connection with the review, the BCSC has issued a cease trade order suspending trading in the securities of the Company. As a result of the cease trade order, trading in the common shares of the Company has been suspended on the Canadian Securities Exchange. The cease trade order was issued in connection with disclosure relating to the economic analysis of the Company's Incahuasi Project (the " Economic Disclosure "), outstanding continuous disclosure filings for the Company's acquisition of Tech One Lithium Resources Corp. and disclosure contained in the Company's management's discussion and analysis for the three and six months ended May 31, 2021.

 

The Company will fully cooperate with the BCSC to assist in completion of the review and revocation of the cease trade order in a timely fashion. The Company will provide further information regarding the status of the review, and the suspension of trading, as it becomes available.

 

The Company notes that the Economic Disclosure was previously contained in the Company's corporate presentation dated as of July, 2021 (the " Presentation ") and previously accessible on its website. The Company has removed the Presentation from its website and wishes to clarify that the Economic Disclosure, particularly the disclosure on slide 5 of the Presentation, should not be relied upon as no current economic analysis has been prepared or is valid in relation to the Company's Incahuasi Project. The Company is not treating the Economic Disclosure contained in the Presentation as a preliminary economic assessment and hereby retracts the Economic Disclosure in the Presentation.

 

  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, Pocitos I and II lithium brine projects 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 CEO, Director

 

nader@speyresources.ca
778-881-4631

 

   Cautionary Note Regarding Forward-Looking Statements:    Certain disclosure in this release may constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release, including without limitation, statements pertaining to the Company's cooperation with the BCSC and the Company providing further information regarding the BCSC's review and the suspension of trading, are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, without limitation, legislative, environmental and other judicial, regulatory or political developments, and operational difficulties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.  

 

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

 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Magnifying glass focusing on the Albemarle website logo.

Albemarle's Commitment to Sustainability Shines in New Report

As global demand for critical minerals intensifies, Albemarle (NYSE:ALB) continues to position itself as a global leader not only in lithium production but also in sustainable practices.

In its newly released 2024 sustainability report, titled “Values-Led, Purpose-Driven,” the company underscores its commitment to reducing its environmental footprint across six continents, supporting global supply chains and promoting human rights across operations.

From cutting freshwater intensity at its Chilean operations by 28 percent to procuring 24 percent of its electricity from renewable sources, Albemarle is striving to grow its energy storage business while keeping carbon emissions flat, as it translates ESG goals into action.

Keep reading...Show less
Salt flats with text overlay: '5 Top Australian Mining Stocks This Week'

Top 5 Australian Mining Stocks This Week: Argosy Climbs 89 Percent on Rincon Lithium Spot Contract

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top performing stocks includes firms focused on a wide variety of metals, including lithium, rutile and manganese. Lithium stocks, including top gainer Argosy Minerals (ASX:AGY), picked up momentum this week as prices moved upwards for a second straight week.

Companies focused on magnetite and rare earths were also among the week's top performers, including Freehill Mining (ASX:FHS), which saw its shares surge following insider buying from key executives including Chairman Benjamin Jarvis.

Keep reading...Show less
Metallic battery with a world map etched on it, against a dark background.

3 Key Themes from Fastmarkets' 2025 Lithium Supply & Battery Raw Materials Event

Market volatility, Chinese control, supply chain risk mitigation and financing emerged as some of the most prevalent themes at the 2025 Fastmarket’s Lithium Supply Battery Raw Materials (LBRM) conference in Las Vegas.

The event, which is in its 17th year, drew a crowd of roughly 1000 delegates, industry experts and analysts, to discuss the current landscape and future projections of the battery materials sector.

During his opening remarks, Fastmarkets CEO Raju Daswani highlighted the growth and maturation the battery raw materials sector has experienced.

Keep reading...Show less
Metals Australia (ASX:MLS)

Metals Australia


Keep reading...Show less
Futuristic skyline with electric car chargers and glowing cityscape at sunset.

Expert: African Lithium Key to China's Battery Supply Chain Dominance

With the global shift to electric vehicles (EVs) accelerating, China is cementing its dominance over the lithium supply chain by pouring investment into African mines, creating a new center of gravity for the battery metal.

Speaking at the Lithium Supply Battery Raw Materials conference, Claudia Cook senior analyst at Fastmarkets offered a sweeping assessment of how China is reshaping global lithium flows and why Africa will be crucial in the next decade.

Cook laid out in detail how China’s lithium strategy is evolving. As the world’s largest EV market, China needs a consistent, low-cost supply of lithium — but its domestic production is increasingly insufficient.

Keep reading...Show less

Latest Press Releases

Related News

×