Thanks TC. SPEY is a side hustle for me. I bought some of their shares because of the DLE they are planning to use and because I could get a bunch of shares with wallet money. I was looking forward to AIS being the first to deploy EKOSOLVE at a commercial level and seeing what kind of production level they achieved. Now it looks like the Aussie DLE premier is back to SPEY. Probably a good thing, except for the waiting part.
If I'd known more about the speed of lithium when I first invested, I probably would have booked a trip to Vegas.
Spey Resources Corp SPEYF:OTCQB
Ekeko S.A. Unilaterally Purports to Terminate Option Agreement with AIS
8:38 PM ET
Ekeko S.A. Unilaterally Purports to Terminate Option Agreement with AISGlobeNewswireAugust 09, 2023VANCOUVER, British Columbia, Aug. 08, 2023 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V: AIS, FRA: 5YHA) (the "Company" or "AIS") today announced that Ekeko S.A. (Ekeko) has unilaterally declared the Exploration and Purchase Option Agreement between AIS and Ekeko, dated June 10th, 2021 to be terminated for alleged breach of contract by AIS. AIS rejects the allegation of breach and rejects Ekeko's purported termination of the Agreement.
AIS validly exercised the option on Pocitos 1 prior to the contractual deadline of June 30th. Furthermore, Ekeko breached the Agreement by (i) refusing in bad faith to honour the option exercise, and (ii) failing to obtain the mandatory le gal certificates to prepare and execute the Transfer Deed for the Pocitos 1 property, as required under the Agreement.
The Pocitos 1 property was further optioned by AIS to Spey Resources Corp. (CSE: SPEY). As a result of this breach by Ekeko, AIS was unable to perform its obligations under its option agreement with Spey. Monies placed in trust by Spey with AIS to complete the option exercise have been returned to Spey.
Andrew Neale, President & CEO of AIS commented, "We are at a loss to understand the actions of Ekeko. We proceeded on a good faith basis to live up to our side of the agreement and believe that AIS is in full compliance with the June 2021 Exploration and Option Purchase Agreement."
As a result of the financial harm this has caused AIS, AIS intends to aggressively pursue its legal remedies in Argentina and takes the position that Ekeko is unable to transfer good title to the property free from the AIS claim.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on t he TSX Venture Exchange focused on natural resource opportunities. AIS's value add strategy is to acquire early-stage projects and provide technical and financial support to enhance their value. The Company is managed by a team of experienced engineers, geologists, and investment bankers, with a track-record of successful capital market achievements.
On Behalf of the Board of Directors, AIS Resources Ltd.Andrew NealePresident & CEOEmail: email@example.comWebsite: www.aisresources.com
ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations re flected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
EKOSOLVE is participating in a DLE conference December 11 and 12 at the Redondo Beach Marriott. They are SPEY's direct lithium extractor of choice. Looks like IBAT will be there as well.
Guessing that next SPEY steps are getting some lithium PPM brine samples...building a pilot DLE plant...verifying production and setting goals...then building a full scale plant. Of course, all this will be moving at the speed of lithium...
Meanwhile, we can look forward to the conference.
Same old / same old
Nuttin' gets goin' unless Vancouver gets goin'......
And she's currently not all that easy a read
If this is a scam, then yes we are throwing our money away. "But"... if SPEYF is legit and things are moving slow because we're talking Incahuasi (remote), new tech (Ekosolve) and Lithium (not gold, silver, platinum)...
If all those things... at this price, we don't need to break the bank to take a position. I'll be upset if I lose my investment. but I'm using house money from another stock that came thru. Don't invest in "pennies" if you can't afford to lose it all.
AISSF sent out a thank you press release to Recharge Resources this morning. Thanks for the $732,000 cash and the near future payment of an additional $1,000,000 in cash or stock. They also added a reminder about future 7.5% royalty on all lithium production.
Maybe the SPEYF press release on the same topic could have been a little more detailed.
"Recharge" Resources...not Research.
Spey Resources Corp. Announces Board Appointments
Vancouver, British Columbia — November 21, 2022 — 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.
SPEY RESOURCES CORP. ANNOUNCES OPTION AGREEMENT WITH
RECHARGE RESOURCES CORP. FOR POCITOS 2
PROJECT GlobeNewswire February 27, 2023
Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Spey Resources
Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey" or the
"Company") is pleased to announce that it has entered into
an option agreement ("Agreement") with Recharge Resources
Corp. ("Recharge Resources") pursuant to which Recharge
Resources may acquire a 100% interest in the Company's
Pocitos 2 Project, a 532 hectare lithium brine project
located just outside of Salta, Argentina (the
Under the terms of the
Agreement, Recharge Resources may exercise the Option by:
(1) paying the Company US$744,800 on or before June 30, 2023
and (2) issuing to the Company $500,000 worth of common
shares in the capital of Recharge Resources within seven (7)
business days following February 21, 2023 (the "Effective
In addition, Recharge Resources, in
the event the Option is exercised, is obligated to pay to
the Company an additional $500,000, in cash or common shares
in the capital of Recharge Resources, within
â??â??eighteen (18) months following the Effective
Upon the satisfaction of all payments
and expenditures, and the exercise of the Option in full, a
royalty of 7.5% of the FOB price of lithium carbonate or
other lithium compounds sold on the Pocitos 2 Project shall
remain payable pursuant to an underlying agreement.
All the common shares issued under the
Agreement will be subject to a four month hold period under
applicable Canadian securities laws.
Spey Resources Corp.
I remember now after re-reading this post. I bought Spey Resources Corp @ .0945 and RECHARGE RESOURCES @ .36 about the same time. I am down on both.
tom16, how did you find Spey?
Beautiful chart !
Beauty being in the eye of the beholder.of course
Not quite sure whether I should be a beholder or not but their chart DOES look slightly double bottom-ish at least
I did somehow come across them a long time ago
It's amazing how things can just fall off ones radar
Why I may have to take up your methods of monitoring !
mkt cap 7 mil Cdn
I have seen the name Ekosolve, on a few companies resourse papers.
I bought a small position to keep an eye on them.
1,248 views Feb 6, 2023 #invest #lithium #investing
Spey Resources Corp. (CSE: SPEY) CEO Phil Thomas tells Proactive the Canadian explorer and developer has two major lithium projects in Argentina - the Pocitos and Incahuasi salar projects. The company also holds interests in four lithium exploration projects in the James Bay Region of Quebec. He says Spey is working on an inferred and indicated resource statement for Incahuasi.
If SPEYF was a table game in Vegas, I'd be putting my chips on the Incahuasi. I'm curious to see if they can get the location to produce lithium using the Ekosolve procedure. At the current share price, it's not a. Huge risk, but it could be a monster reward.
total scam stay away. They said last year they drilled sample hole yet no results. now they said they drilled bsample holes this year. nothing but stories. they ran this up into the 20s now trading at 10 cents. they are just stealing you money.
$SPEYF - announced that the Chemical Engineering Department at the University of Melbourne, Australia has successfully produced lithium carbonate from lithium chloride extracted from the Company’s brines in Incahuasi Salar at the Candela II Project using the Ekosolve™ process.
power hour now, let's see a green close
and if you missed this earlier, please read this
Spey Resources prepares for drilling at Pocitos 2, Pocitos Salar, Argentina in November 2022
Vancouver, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) ("Spey” or the "Company") announces that it has mobilised the drill rig and completed camp preparations for drilling its 400m exploration well in its 600has Pocitos 2 concession. The camp, internet, diesel tanks and geological offices have been constructed in the town of Pocitos. The drilling work permit has been processed and we are waiting on official certification of the permit due next week.
A lot of interesting information there...
Brine lakes, known as salars, have the highest volume of minable lithium. These lithium mines are prevalent in six world countries - Chile, China and Argentina (all salars); Australia, Zimbabwe and Portugal (hard rock). In 2021, over 100,000 tonnes of output were produced (excluding USA), an increase of 21% compared to 2020. Electric vehicles will drive a lithium supply crunch- the end of the ICE age is in the near future. The UBS predicted by 2025 over 20% of the auto market will be electric vehicles, and over 50% by 2030.
Volume is building. SPEYF
Spey Resources ( $SPEYF ) 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 at Salta Province, Argentina
Lithium has become the essential ingredient for lightweight, power-dense batteries used by laptops, cell phones and electric vehicles (EVs). Given the insatiable demand for these products—especially EVs—the price of lithium has more than doubled since 2015.
SPEY RESOURCES CORP. COMPLETES ACQUISITION OF LITHIUM ENERGY METAL CORPORATION
Vancouver, British Columbia, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company") is pleased to announce, further to its news release dated September 28, 2022, that it has completed the acquisition (the “Acquisition”) of 100% of the issued and outstanding share capital of Lithium Energy Metal Corporation (“LEM”) from all of the former shareholders of LEM (the “LEM Shareholders”). In consideration for the Acquisition, the Company issued an aggregate 8,900,000 common shares in the capital of the Company (each, a “Spey Share”) to the LEM Shareholders (collectively). The Company has also issued 890,000 Spey Shares as a finder’s fee to an arm’s length finder in connection with the Acquisition. https://investorbrandmedia.com/speyf-ultimate-goal-of-putting-highly-prospective-properties-into-production/
Any company with Lithium associated with it is on my watch list $SPEYF
Spey has updated the website with last Friday's news, see link
Agreed...$SPEYF - Spey has acquired the first Ekosolve production licence, which prioritizes the Company to be the first client to commission Ekosolve to complete the construction proposal, preliminary and plant engineering and manufacturing of the plant at Incahuasi.
that's looking strong, investors want in