SPEY RESOURCES CORP. ANNOUNCES PRIVATE PLACEMENT OFFERING

SPEY RESOURCES CORP. ANNOUNCES PRIVATE PLACEMENT OFFERING

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company "), is pleased to announce that it intends to complete a non-brokered private placement consisting of units of the Company at a price of $0.175 per unit (the " Unit ") for aggregate gross proceeds of up to C$2,750,000, with each Unit comprised of one common share of the Company (each, a " Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "), with each whole Warrant entitling the holder to acquire one (1) Share (each, a " Warrant Share ") at a price of C$0.35 per Warrant Share for a period of twenty-four (24) months, provided that if the volume weighted average trading price of the Shares on the Canadian Securities Exchange (" CSE ") is at a price greater than $0.70 per Share for ten (10) consecutive trading days, then the expiry date of the Warrants shall automatically accelerate and will expire on the date that is thirty (30) days after the date that notice of such acceleration is provided to the Warrant holders by way of press release (the " Offering ").

The Company intends to use the net proceeds raised from the Offering for funding exploration drilling and five hole drill program at the Company's projects, property payments and general working capital.

All securities issued in the Offering will be subject to a statutory four month hold period. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the CSE. The Offering is expected to close on or about September 12, 2022.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Company also intends to issue approximately 2,500,000 Shares to various creditors to settle outstanding indebtedness.

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 CEO, Director

nader@speyresources.ca
778-881-4631

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties, ‎‎‎‎including with respect to the Offering, including the total proceeds, use of proceeds, and the closing (including the proposed closing date) of the Offering   .   The Company ‎‎provides forward-looking statements for the purpose of conveying ‎‎information about current ‎‎expectations and plans relating to the future and readers are cautioned that ‎‎such statements may not be ‎‎appropriate for other purposes. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR profile at www.sedar.com. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

The CSE has not reviewed, approved, or 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

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.

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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.

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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.

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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).

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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.

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International Lithium Corp. Reports Results of 2024 Annual General Meeting

International Lithium Corp. Reports Results of 2024 Annual General Meeting

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that all resolutions proposed at the Company's annual general meeting of shareholders held on September 16, 2024 were passed. All agenda items outlined in the information circular for the meeting were approved and all director nominees were elected, with over 99% of votes cast in favour of all the motions. The directors elected for the ensuing year are John Wisbey, Maurice Brooks, Anthony Kovacs, Ross Thompson, and Geoffrey Baker.

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Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas Step-Out Drills 7 Metres @ 9.1 g/t gold & 706 ppm Cobalt

Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas Step-Out Drills 7 Metres @ 9.1 g/t gold & 706 ppm Cobalt

Mawson Finland Limited ("Mawson" or the "Company") (TSXV:MFL) is pleased to announce new drill results from 8 drillholes at the Palokas zone of mineralization which were drilled as part of the Company's 38-hole 2024 winter drilling campaign on the Company's wholly-owned Rajapalot gold-cobalt project in Finland (see Table 1 and Figure 1 in Schedule "A" hereto

Highlights:

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TIME Magazine Names Albemarle One of the World's Best Companies

TIME Magazine Names Albemarle One of the World's Best Companies

Award recognizes company's high employee satisfaction, revenue growth and sustainability

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that TIME magazine has named it one of the World's Best Companies in 2024 .

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Business people shaking hands in front of port with shipping containers and semi-trucks.

What is an Offtake Agreement? (Updated 2024)

Offtake agreements play a critical role in obtaining project financing for high capital expenditures, such as manufacturing plants or processing facilities.

From early-stage enterprises to more mature businesses, cash flow challenges can make it difficult to secure loans to finance infrastructure projects. This type of contract can go a long way to mitigate risk in the eyes of lending institutions.

Offtake agreements are often employed in a wide range of sectors, including mining, energy, agriculture, pharmaceuticals and foodservice manufacturing.

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Altech Batteries Ltd  First Offtake Letter of Intent for CERENERGY GridPacks

Altech Batteries Ltd First Offtake Letter of Intent for CERENERGY GridPacks

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the execution of an Offtake Letter of Intent between Zweckverband Industriepark Schwarze Pumpe (ZISP) and Altech Batteries GmbH.

Highlights

- Strategic Offtake Letter of Intent agreement

- Schwarze Pumpe Industrial Park Association

- Offtake for 30MWh of 1MWh CERENERGY(R) GridPacks per annum

- For the first five years of production

- Agreement to also collaborate to convert industrial park from coal to renewable energy

- Altech's CERENERGY(R) GridPack storage solution integrated

- GridPack deliveries start by mid-2027 or when plant is ready

Under this Offtake Letter of Intent (LOI), ZISP will purchase 30MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The price of these batteries has been agreed and aligned to Altech's Definitive Feasibility Study assumptions. The purchase of these batteries is subject to performance tests, battery specifications and the batteries meeting customer requirements. This offtake LOI constitutes an important aspect of the financing process.

The LOI also highlights both parties' commitment to work together to change the energy landscape of the Schwarze Pumpe Industrial Park by transitioning it entirely to renewable energy. A combination of wind, solar, and Altech's CERENERGY(R) GridPack Battery Energy Storage System (BESS) will ensure continuous power supply, even during low energy generation or outages.

Partners and Project Overview

This initiative comes at a critical time for Lusatia, one of Germany's coal-reliant regions. ZISP, a crossborder municipal association between the states of Spremberg and Spreetal, oversees the Schwarze Pumpe Industrial Park, managing its water, waste, road infrastructure, and energy needs. Meanwhile, Altech Batteries GmbH (ABG), a subsidiary of the globally active Altech Group, specialises in advanced battery technology. ABG's 8ha site within the park intends to manufacture the CERENERGY(R) solid-state sodium chloride batteries, developed with the Fraunhofer Institute, for industrial grid use.

Pioneering the Energy Transition in Lusatia

Germany's Energiewende is driving a nationwide shift from fossil fuels to renewable energy. As coal use is phased out, especially in Lusatia, new energy solutions are critical. This partnership between ZISP and Altech is a key step in replacing coal with sustainable, renewable energy solutions that align with Germany's 2020 legislative mandate for the coal phase-out. The project also supports ZISP's goal of achieving certification under the EU's "Zero Valley" initiative, making Schwarze Pumpe a model for renewable energy storage and generation.

Developing an Energy Storage Strategy

To transition fully to renewable energy, wind and solar power, combined with Altech's CERENERGY(R) GridPack batteries will be key to achieving this. This partnership between ZISP and Altech marks the transformation of Schwarze Pumpe from a coal-reliant industrial park to a renewable energy hub. By integrating CERENERGY(R) batteries, the project positions the park as a replicable model for industrial regions across Europe, fostering a new economic structure cantered on renewable energy. Altech's scalable BESS solution ensures renewable energy is stored efficiently, overcoming a key challenge in transitioning from coal.

Key Terms of the Agreement

- Start of deliveries from the 120 MWh plant from mid-2027 or later as per project development

- Technical data and guarantees according to the attached data sheet

- Price per GridPack at standard market conditions

- Purchase volume 30MWh per annum for 5 years, being 2027 through 2031

- The parties intend to develop a detailed acceptance contract subject to the performance data and warranty to be met by Altech

- An option for additional delivery volumes at a later date is negotiable

- Both parties will jointly develop a business and technical partnership to deliver scalable energy solutions, with contracts to be finalised in early 2025

Management Comment - CEO Iggy Tan

"This Letter of Intent marks a significant milestone for Altech Batteries as it represents our first offtake agreement for the CERENERGY(R) GridPack Battery Energy Storage System. The interest shown by the Schwarze Pumpe Industrial Park Association (ZISP) in our technology is a clear signal of growing demand for innovative energy storage solutions, particularly as industries shift toward 100% renewable energy.

It's encouraging to see potential customers like ZISP recognise the value of our scalable and reliable battery systems. This LOI not only validates the commercial potential of our CERENERGY(R) technology but also supports our future growth strategy, as securing such agreements strengthens Altech's position for project financing and expansion.

We're excited to continue working closely with ZISP, and we believe this partnership will pave the way for future demand as the industrial park moves toward a green energy future. With the first delivery expected mid-2027, this agreement is just the beginning of what we expect will be a significant increase in battery demand."



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (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.

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Altech Batteries Ltd  Results of Entitlement Issue

Altech Batteries Ltd Results of Entitlement Issue

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) provides the following update regarding its Entitlement Issue as announced on 7 August 2024.

The Company received applications from eligible shareholders as well as the underwriter amounting to $6,473,205. This represents 161,830,134 shares at $0.04 per share and 80,915,359 free-attaching options with an exercise price of $0.06 per share and expiring 31 December 2025.

The shares and options will be issued and allotted on 17 September 2024 and application for quotation of shares and options on the ASX will be made on 17 September 2024.

Altech's CEO and MD Iggy Tan stated "On behalf of the Board of Directors, I wish to thank all eligible shareholders that participated in the Entitlement Issue and for the support extended to Altech as it moves forward with both its CERENERGY(R) battery project as well as Silumina AnodesTM battery materials project.

In addition, the partial underwriting of the Entitlement Issue for $5,000,000 by MAA Group Berhad, an existing shareholder associated with Altech director Tunku Yaacob Khyra, sends a strong message of support. With the positive Definitive Feasibility Study and excellent economics for the 120MWh CERENERGY(R) battery project having been released in March 2024, Altech is extremely focused on securing offtake as well as finance to commence plant construction".



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (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.

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