SPEY RESOURCES ANNOUNCES COMMENCEMENT OF EXPLORATION FOR LITHIUM IN JAMES BAY REGION OF QUEBEC

SPEY RESOURCES ANNOUNCES COMMENCEMENT OF EXPLORATION FOR LITHIUM IN JAMES BAY REGION OF QUEBEC

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce commencement of the initial exploration on the Company's four lithium projects located in the James Bay region of Quebec (the " James Bay Property "). The four projects comprising the James Bay Property are the 454 Project, the West Lac Corvette Project, the Trieste Project and the Salomon Project, which are located between Patriot Battery Metals' Corvette Lithium Project to the northwest, and Winsome Resources ' Adina lithium pegmatite to the southeast.

Patriot Battery Metals' Corvette Lithium Project 1 has reported lithium occurrences in spodumene (hard rock lithium mineral) pegmatite. Spey notes that the reported pegmatite occurrences on nearby properties does not mean that similar occurrences will be found on the James Bay Property.

The first step of Spey' lithium exploration program is a multi-spectral analysis of satellite imagery from the European Space Agency's Sentinel-2 high-resolution, multi-spectral imaging mission. Spey's consultants are applying principal component analysis (PSA) to as many as 10 spectral bands, and comparing the results from the James Bay Property to spodumene pegmatites identified from nearby properties, after making required atmospheric corrections. Any targets identified as spodumene pegmatites will be mapped, channel sampled at surface, and drilled as warranted.

Phil Thomas, CEO of the Company, states, "We are excited to commence exploration on these projects in the James Bay Region of Quebec, Canada. Adding exposure in Canada near a recent lithium discovery gives Spey diversification as we continue to drill and progress our flagship assets in 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 ‎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

Forward-Looking Statements ‎

This news release contains "forward-looking information" within the meaning of applicable securities ‎laws relating to statements regarding the Company's initial exploration, pegmatite occurrences, and mapping, sampling and drilling any identified spodumene pegmatites. Although the Company believes that the ‎expectations reflected in the forward-looking information are reasonable, there can be no assurance that ‎such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-‎looking information. Such forward-looking statements are subject to risks and uncertainties that may ‎cause actual results, performance and developments to differ materially from those contemplated by ‎these statements. Except as required by law, the Company expressly disclaims any obligation and does ‎not intend to update any forward-looking statements or forward- looking information in this news ‎release. Although the Company believes that the expectations reflected in the forward-looking ‎information are reasonable, there can be no assurance that such expectations will prove to be correct ‎and makes no reference to profitability based on sales reported.‎

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


1 Alex Knox, M.Sc., P.Geol., 2022, NI 43-101 TECHNICAL REPORT ON THE CORVETTE PROPERTY QUEBEC, CANADA


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

SPEY:CC
The Conversation (0)
spey resources

Spey Resources


Keep reading...Show less

Exploring and Producing Lithium to Fuel the Green Revolution

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
SAGA Metals Expands Radar Ti-V-Fe Project Vision with Preliminary Metallurgical Insights and Major Exploration Milestones

SAGA Metals Expands Radar Ti-V-Fe Project Vision with Preliminary Metallurgical Insights and Major Exploration Milestones

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to report dual advancements in its 2025 program: the completion of a detailed mineralogical and geological study prepared by Dr. Al Miller, that sets the stage for comprehensive metallurgical testing, and significant on-site exploration progress at the 100% owned Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project near Cartwright, Labrador. Together, these developments underscore Radar's potential as a strategic critical metals project in North America.

Radar Ti-V-Fe Project in Labrador, Canada:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Altech Batteries Ltd  Annual Report to Shareholders

Altech Batteries Ltd Annual Report to Shareholders

Perth, Australia (ABN Newswire) - Altech Batteries Ltd (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("IKTS") to commercialise the revolutionary CERENERGY Sodium Chloride Solid State (SCSS) Battery. CERENERGY batteries are the game-changing alternative to lithium-ion batteries. CERENERGY 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 battery, with plans to construct a 120MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY battery modules to provide grid storage solutions to the market.

Altech has executed sales offtake Letters of Intent with three companies that covers the full first five years of production from the 120MWh production facility. Altech is now forging forward with securing the finance to construct the production facility, envisaged to be a combination of debt, equity from the sale of a minority interest in the project, and grants and subsidies.

The CERENERGY battery has achieved the highest possible dark green rating from Standard & Poors, due to its non-reliance on critical minerals as well as its expected 50% less greenhouse gas emissions to lithium-ion battery technology.

Altech has licenced its proprietary high purity alumina coating technology to 75% owned subsidiary Altech Industries Germany GmbH (AIG), which has finalised a Definitive Feasibility Study for the development of a 8,000tpa silicon/graphite alumina coating plant in the state of Saxony, Germany to supply its Silumina Anodes product to the burgeoning European electric vehicle market.

The Company patented its game changing technology of incorporating high-capacity silicon into lithium-ion batteries. Through in house R&D, the Company has cracked the "silicon code" and successfully achieved a 55% higher energy battery with improved cyclability or battery life. Higher density batteries result in smaller, lighter batteries and substantially less greenhouse gases, and is the future for the EV market. The Company's proprietary silicon graphite product is registered as Silumina Anodes.

The Company is in the race to get its patented technology to market, has finalised the construction of a Silumina Anodes pilot plant at AIG's industrial site within the Schwarze Pumpe Industrial Park in Saxony, Germany. The European silicon feedstock supply partner for this plant will be Ferroglobe. The project has also received green accreditation from the independent Norwegian Centre of International Climate and Environmental Research (CICERO). The pilot plant adjacent to the proposed project site will allow the qualification process for its Silumina Anodes product. AIG has executed NDAs with German and American automakers as well as a European based battery company.

The pilot plant to produce commercial samples of the product has now been completed and is operational. Altech is working to ramp up production of the pilot plant in order to provide the commercial samples to the prospective companies for their independent testing within their product range.

*To view the full Annual Report, please visit:
https://abnnewswire.net/lnk/35XEX5O2



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
A.I.S. Resources Signs Earn-In Agreement with Riversgold on the New Copper/Gold/Antimony Discovery at Saint John, New Brunswick

A.I.S. Resources Signs Earn-In Agreement with Riversgold on the New Copper/Gold/Antimony Discovery at Saint John, New Brunswick

A.I.S. Resources Limited (TSXV: AIS,OTC:AISSF, OTC-Pink: AISSF) ("AIS" or the "Company") is pleased to announce that it has entered into an earn-in agreement with Riversgold Ltd. (ASX: RGL) ("Riversgold"), granting AIS the right to acquire up to a 75% interest in the new Saint John IOCGPorphyry Project located in New Brunswick, Canada.

AIS CEO Marc Enright-Morin commented, "We are excited to partner with Riversgold on this very exciting newly discovered Saint John Project. The combination of very high-grade mineralisation, excellent infrastructure, and district-scale potential provides AIS with a unique opportunity to advance a possible IOCG/porphyry system in one of Canada's most mining-friendly jurisdictions. Saint John is exploration and drill ready with two drill programs already approved. Its unique location near the coast means we can explore here in a meaningful way all year round and we look forward to getting the drills turning and come up with the discovery hole."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×