Vancouver, British 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 "Option").
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 Date").
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 eighteen (18) months following the Effective Date.
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.
About Spey Resources Corp.
Spey Resources is a Canadian lithium focused 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 owns 100% of the mineral rights to 4 lithium exploration projects located in the James Bay Region of Quebec, in proximity to a recent hard rock lithium discovery. Spey also holds an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
For more information, please contact:
Nader Vatanchi, Phillip Thomas
VP of Corporate Finance, Director CEO
nader@speyresources.ca phil@speyresources.ca
778-881-4631
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are forward-looking statements. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation 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.
溫哥華,不列顛哥倫比亞省,2023年2月27日(Global Newswire)--Spey Resources Corp.(CSE:SPY)(場外交易代碼:SPEYF)(FRA:2J)(“斯派伊“或”公司“)很高興地宣佈,它已達成一項期權協定(”協定“)與ReCharge Resources Corp.(“為資源儲值),據此,ReCharge Resources可收購本公司的Pocitos 2專案的100%權益,該專案是一個位於阿根廷薩爾塔市外的532公頃鋰鹵水專案(The選擇權“)。
根據協定條款,ReCharge Resources可透過以下方式行使選擇權:(1)於2023年6月30日或之前向本公司支付744,800美元及(2)於2023年2月21日後七(7)個營業日內向本公司發行價值500,000美元的ReCharge Resources資本普通股。生效日期“)。
此外,一旦行使購股權,儲值資源有義務在生效日期後十八(18)個月內,以現金或普通股的形式向本公司額外支付500,000美元。
在滿足所有付款和支出並全部行使選擇權後,根據相關協定,Pocitos 2專案上出售的碳酸鋰或其他鋰化合物的離岸價格的7.5%的特許權使用費將繼續支付。
根據適用的加拿大證券法,根據該協定發行的所有普通股將受四個月的持有期限制。
斯派瑞資源公司簡介
Spey Resources是一家專注於鋰的加拿大礦產勘探公司,該公司持有兩份期權協定,以收購位於阿根廷薩爾塔省的Candela II、Pocitos I和II鋰鹵水專案的100%權益。Spey還擁有位於魁北克詹姆斯灣地區的4個鋰勘探專案的100%礦業權,該地區靠近最近發現的硬巖鋰礦。Spey還擁有收購不列顛哥倫比亞省卡斯洛以西Kaslo Silver專案100%權益的選擇權。
如需更多資訊,請聯繫:
納德爾·瓦坦奇、、首席執行官菲利普·託馬斯
董事企業融資副總裁兼首席執行官兼首席執行官
電子郵件:nader@Speyresource ces.ca;電子郵件:Phil@Speyresource ces.ca;
778-881-4631
有關前瞻性陳述的注意事項
本新聞稿包含適用證券法所指的某些前瞻性陳述。所有非歷史事實的陳述,包括但不限於有關未來估計、計劃、計劃、預測、預測、目標、假設、預期或對未來表現的信念的陳述,均為前瞻性陳述。這些前瞻性陳述反映了根據公司目前掌握的資訊對公司管理層的期望或信念。前瞻性陳述會受到許多風險和不確定因素的影響,包括公司不時向證券監管機構提交的檔案中詳細說明的風險和不確定因素,這些風險和不確定性可能會導致實際結果與前瞻性陳述中討論的大不相同。應仔細考慮這些因素,並告誡讀者不要過度依賴此類前瞻性陳述。本新聞稿中包含的前瞻性陳述和資訊是截至本新聞稿發佈之日作出的,公司沒有義務公開更新或修改任何前瞻性陳述或資訊,除非適用的證券法要求公開更新或修改任何前瞻性陳述或資訊,無論是由於新資訊、未來事件還是其他原因。