This Microcap’s Big Breakthrough Allows Them to Mine and Refine 99.5% Pure Lithium Carbonate In Hours, Instead of Years

This microcap’s big breakthrough allows them to mine and refine 99.5% pure lithium carbonate in hours, instead of years.¹

Editorial Feature | Oct 14, 2022 | Industry

Brains have bested brawn, as a new technology looks set to revolutionize lithium extraction from brine, allowing under $1 Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF) to move quickly towards production.
The company could soon blitz the battery market with lithium carbonate from their Incahuasi holdings, now that they’re preparing for initial test production.
Plans should kickoff in short order, as the mining team is well-versed in what it takes to make that happen. Their project leader explored and built the lithium processing plant at Rincon, which recently sold to Rio Tinto for $1 billion.
And now, on the heels of a Ford – Rio Tinto partnership to secure their battery material supply chain, Toyota is following suit. Just 10 days later, the automaker announced their joint venture with Panasonic has entered into a supply agreement with Ioneer for 4,000 tonnes of lithium carbonate per year.

From cutthroat auctions, and multi-billion-dollar mergers, to a huge advancement in mining technology… The events in the lithium market have understandably garnered interest from investors of all walks of life. And for good reason. The price of lithium carbonate alone is a clear sign of the earnings that could await the right moves into lithium.

A year ago, in June, a metric ton of lithium carbonate sold for about $10,000.² At the time, it was said to be an outrageous price.

Just over one year later, that same ton of lithium holds a price tag of over $70,000.³

The price of a metric ton lithium carbonate is usually expressed in Chinese Yuan. In June 2021, it was as low as CNY69736 ($10,470). By June 2022, a ton was going for CNY468500 ($70,342).

Yet, the most stunning fact about that 600% price hike is this: investors still have not missed the boat with lithium.

As surprising as this is, the market is still in its infancy. The era of the lithium-battery-powered electric vehicles is just picking up speed. Fitch Solutions forecasts that between 2021 and 2030, the global EV market will explode to more than 83 million vehicles on the road worldwide, compared to only 300,000 in 2020.⁴

That’s why there has never been a better time than now to look into Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF).

Ekosolve Technology Offers Tremendous Advantage Over Spey’s Argentine Competitors

Spey has a proven technology that it’s using to turn lithium brine into 99.5% pure lithium carbonate in hours instead of years.

Moreover, Spey also controls more than 20.2 square miles in Argentina’s lithium-rich and world-renowned Lithium Triangle.

It’s estimated that the Triangle holds about 54% of the world’s lithium resources.⁵ That’s why it’s home to major publicly traded miners with a combined market cap in excess of $103 billion.⁶ ⁷ They include:

Jiangxi Ganfeng Lithium (market cap of $23 billion )
Albemarle (market cap of $27 billion)
Tianqi Lithium (market cap of $164 billion)
Sociedad Química y Minera de Chile (market cap of $27 billion)
and Mineral Resources Ltd. (market cap of $10 billion)

Make no mistake about it, Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF) is right at home among those giants, because it has something they don’t… Ekosolve.

Ekosolve is a proprietary mining technology that uses solvents to rapidly separate lithium from brine and into lithium carbonate.

Spey Resources licensed Ekosolve from the University of Melbourne, Australia, which developed and patented it. Initially, the cutting-edge technology was developed to make lithium mining from hard rock / spodumene economical.

But, when this technology is used for leeching lithium from brine, the process is so streamlined it takes about three hours to produce lithium carbonate.

That’s opposed to nearly two years with brine that evaporates the traditional way in collection ponds.

Ekosolve also has a massive advantage when it comes to all-in mining costs, mainly due to the technology’s ability recover so much lithium from the brine: at least 90% with a 99.5% purity.

Thanks to Ekosolve, Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF) cost per metric ton should be a fraction of the price of traditional lithium brine operations.

S&P Global Market Intelligence found that the total all-in cash costs for a traditional brine operation is about $5,580.⁹

Now, here’s the real kicker. Ekosolve’s startup costs are also friendly.

That means Spey Resources would have the capability to quickly establish a sizable processing plant.

That could translate to a significant return and cost savings on the initial test production.¹⁰

Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF) could be one of those rare junior natural resource company that doesn’t need a merger or buyout to become a major player in the lithium mining industry

Big Money In Argentina

Of Spey’s two Argentine properties, the Incahuasi project in the world-famous Salta Province, is the one investors should focus on. Called the Candela II project, its neighbors are Jiangxi Ganfeng Lithium (OTC:GNENF) and Allkem Ltd (OTC:OROCF).

The two majors command substantial share prices, with Ganfeng trading about $12, with a $23 billion market cap, and Allkem around $8.50, with a $5 billion market cap.

Neither of Spey’s acclaimed neighbors are currently using Ekosolve technology.

Ganfeng, however, is hungry. In the past year, they spent nearly $300 million acquiring Argentina-based projects.

Their partner, Lithium Americas just dropped $491 million to acquire Millennial Lithium. It’s all part of a trend that found Chinese lithium miners and battery makers investing a whopping $1.58 billion on development-stage lithium projects, according to S&P Global Market Intelligence.¹²

The demand for new lithium projects is so extreme right now, that an auction for a controlling stake in a Chinese mine garnered 3,448 bids and ultimately sold for about $299 million.¹³

But that’s not the crazy part.

According to Bloomberg, more than 980,000 people watched the auction online over the course of the five-day event.

That’s understandable when you factor in that the International Energy Agency forecast that the price for lithium, cobalt and nickel will remain elevated for years to come.¹⁴

Fortunately, North American investors don’t have to jump through hoops to invest in an Argentina lithium opportunity.

They only need to call their brokers and discuss Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF).

Go Long On Supply

At this stage, the coming lithium supply crunch is no secret. It’s a crisis that can only be solved by massive amounts of new resources.

A well-respected analyst put it best.

Glyn Lawcock, then UBS’s renowned Global Head of Mining Research, issued this dire warning:

“There is not sufficient supply to meet this demand projection based on our knowledge of known projects today. That includes all projects whether they are under construction, in feasibility or still in exploration.” ¹⁷

Lawcock’s warning is now entrenched in the lithium culture.

Global X ETF analysts report that lithium miners need to plan for scenarios where annual demand exceeds 1.1 million metric tons of lithium by 2025, as EVS reach parity with internal combustion cars.¹⁸ That’s happening faster than anyone could have anticipated.

In late 2020, Volkswagen raised its planned investment in digital and electric vehicle technologies to $86 billion over the coming five years as it seeks to hold onto its crown as the world’s largest carmaker in a new green era.¹⁹

In last year’s plan, the German car and truck maker, which owns brands including VW, Audi, Porsche, Seat and Skoda, had earmarked $72 billion for electric and self-driving vehicles out of its $182 billion budget.²⁰

In February 2021, Ford announced plans to double its investment toward electric and autonomous vehicles to $29 billion through 2025. The bulk of the spending – $22 billion –is for EVs.²¹
General Motors plans to only sell EV’s by 2035. It’s spending $27 billion to launch 30 EVs by then.²²
Even Amazon.com is on board. It delivers 10 billion packages a year. In mid-September 2019, the world’s largest e-commence company ordered 100,000 electric delivery vehicles from U.S. vehicle design and manufacturing startup Rivian Automotive.²³
Anheuser-Busch has rolled out a 21 EV truck pilot program in California.²⁴
Volvo Trucks is building 23 heavy-duty electric trucks using a $44.8 million grant from the California Air Resources Board.²⁵
Everyone’s darling Tesla (NASDAQ:TSLA) aimed to build 500,000 EVs worldwide last year but come up just short of that target with 499,550 vehicles delivered globally.²⁴

EV Makers Race To Secure Supply Chain Partnerships With North American Miners

Photo from Getty Images: #454939582

As usual, Elon Musk was ahead of his time when he encouraged the need for allied partnerships between mining companies and electric vehicle makers in order to strengthen the North American lithium supply chain.

In response to data that showed there had been a 1,654% rise in the lithium price in the last ten years, Musk stated, the…

“Price of lithium has gone to insane levels! Tesla might actually have to get into the mining & refining directly at scale, unless costs improve.”

Soon after, on an April earnings call, Musk claimed,

“We think we’re going to need to help the industry on this front. I’d certainly encourage entrepreneurs out there who are looking for opportunities to get into the lithium business.”

Only months later, Rio Tinto and Ford announced a joint venture agreement to secure lithium, aluminum, and copper from the Rincon lithium project in Argentina, as well as other operations across North America.

Toyota Motor Corp. quickly followed suit, announcing a joint battery venture with Panasonic Corp. to purchase lithium from Ioneer Ltd’s Rhyolite Ridge mining project, in Esmeralda County, Nevada. As part of the agreement, Ioneer plans to supply 4,000 tonnes of lithium carbonate per year for a total of five years to Prime Planet Energy & Solutions (PPES), which was formed by Toyota and Panasonic.

The deal comes with a hefty commitment from PPES. It states that Ioneer’s lithium will be used to build battery parts inside the United States, specifically for American-made EVs¹⁵.

Mining Team Known For A Outstanding Deal

Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF) is a small company with a huge advantage thanks to the foresight of its CEO, Nader Vatanchi.

While he graduated with a Bachelors of Arts in Criminology from the famous Simon Fraser University, Mr. Vatanchi ultimately followed his entrepreneurial desires.

He’s also currently CEO of Musk Metals Corp. (CSE:MUSK), CEO of Forty Pillars Mining Corp. (CSE:PLLR), and of Triangle Industries Ltd., a reporting issuer.

His reputation for mining success allowed him to attract a top-notch team. Among them are mining notables such as Phil Thomas, Ian Graham, and David Carabanti.

Mr. Thomas has extensive lithium brine experience in exploration and project construction. For going on 20 years, he’s explored salars such as Incahuasi, Pocitos, Rincon, Guayatayoc, Salinas Grandes, Cauchari, Hombre Muerto and Pozuelos.

Moreover, his team was responsible for exploring and building the lithium carbonate plant at Rincon in 2005. Rio Tinto (NYSE:RIO) then bought the Rincon property for nearly $1 billion.¹⁶

As for Mr. Graham, he’s quickly becoming a mining legend. He spent 20 years with the major mining companies Anglo American and Rio Tinto, and is well-known for modeling project economics.

Mr. Graham’s mine and advanced projects include the Diavik Diamond Mine in Canada’s Northwest Territories, Resolution Copper in Arizona, the Eagle Nickel Mine in Michigan, Bunder Diamonds in India, and the Milestone Potash Project.

Finally, Mr. Carabanti is a veteran of the Incahuasi salar, having worked there for Ganfeng Lithium. It’s not hard to imagine that prior relationship could be a big advantage for Spey, considering that acquisition-hungry Ganfeng sits nearby.

This superbly accomplished leadership is but one of the…

7 Reasons To Consider Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF) Before The Looming Supply Crunch Makes Headlines

Historic Prices

As we write this in June 2022, the price of lithium carbonate has skyrocketed 600% in the past year from about $10,000 a metric ton to more than $70,000.

83 Million Evs In The Next Eight Years

Volkswagen will lead this drive with a goal of building 15 million EVs in the next five years. GM wants to build 1 million EVs a year.

Demand Will Likely Outstrip Supply

If the average EV battery size holds, the world is going to need at least 20.8 billion pounds, or 10.4 million tons, of lithium over the next decade.

Spey Is Perfectly Positioned To Meet The Need

Its exploration project is located in the middle of the Lithium Triangle, where an estimated two-thirds of the world’s 19 million metric tons of lithium is believed to exist.

Big-Time Neighbors

Spey Resources is one of only three companies currently exploring the Incahuasi Salar… the other two are Ganfeng Lithium and Allkem. Both are major miners with multi-billion- dollar market caps.

Ekosolve Technology

This cutting-edge lithium extraction process can produce lithium carbonate in hours not years. This could allow Spey Resources to produce at a fraction of the price of a traditional lithium brine operation.

Low-Cost Opportunity, Superb Potential

While Spey Resources may still occasionally trade well under $1, it’s neighbors in the Incahuasi Lithium Salar, Ganfeng Lithium and Allkem, currently trade for $12 and $ 8.50. Investors with eyes to the future should take heed.

With the hunt for new lithium part of a global initiative you could expect Spey Resources to stay in the news for years to come. That’s why now could be the very best time to latch onto its affordably priced shares. That means it’s time to call your broker or advisor and show him or her this report. Then discuss the new opportunity in lithium and, in particular, with Spey Resources.

Because, when you take your position now in Spey Resources Corp. (CSE: SPEY , OTC:SPEYF CSE: SPEY , OTC: SPEYF), you could find yourself among the earliest and biggest winners. With the hunt for new lithium part of a global initiative you could expect Spey Resources to stay in the news for years to come.

That’s why now could be the very best time to latch onto its affordably priced shares.

That means it’s time to call your broker or advisor and show him or her this report. Then discuss the new opportunity in lithium and, in particular, with Spey Resources. Because, when you take your position now in Spey Resources (CSE: SPEY, OTC: SPEYF), you could find yourself among the earliest and biggest winners.

¹https://aisresources.com/lithium-2/incahuasi-lithium-salar-project/
²https://tradingeconomics.com/commodity/lithium
³https://tradingeconomics.com/commodity/lithium
⁴https://www.miningweekly.com/article/lithium-prices-to-normalise-as-demand-increases-fitch-solutions-2021-05-07
⁵https://resourceworld.com/lithium-triangle/
⁶https://www.nsenergybusiness.com/features/largest-lithium-mining-companies/
⁷https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/top-lithium-producers/
⁸https://pages.marketintelligence.spglobal.com/Lithium-brine-vs-hard-rock-demo-confirmation-MJ-ad.html
⁹https://pages.marketintelligence.spglobal.com/Lithium-brine-vs-hard-rock-demo-confirmation-MJ-ad.html
¹⁰https://www.speyresources.ca/ekosolve-technology
¹¹https://www.speyresources.ca/ekosolve-technology
¹²https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/china-mining-battery-companies-sweep-up-lithium-supplies-in-acquisition-blitz-67205411
¹³https://www.bloomberg.com/news/articles/2022-05-23/how-hot-is-lithium-now-a-chinese-mine-auction-draws-3-448-bids?srnd=hyperdrive&sref=VcSM8PCz
¹⁴https://iea.blob.core.windows.net/assets/e0d2081d-487d-4818-8c59-69b638969f9e/GlobalElectricVehicleOutlook2022.pdf
¹⁵https://money.usnews.com/investing/news/articles/2022-07-31/toyota-panasonic-battery-jv-to-buy-lithium-from-ioneers-nevada-mine
¹⁶https://www.greencarcongress.com/2021/12/20211222-rincon.html
¹⁷https://www.forbes.com/sites/danrunkevicius/2020/12/07/as-tesla-booms-lithium-is-running-out/?sh=7f74b9351a44 ¹⁸https://www.globalxetfs.com/whats-driving-the-electric-vehicle-lithium-and-battery-markets-in-2019/ ¹⁹https://www.reuters.com/article/volkswagen-strategy/vw-boosts-investment-in-electric-and-autonomous-car-technology-to-86-billon-idUSKBN27T24O ²⁰https://www.reuters.com/article/volkswagen-strategy/vw-boosts-investment-in-electric-and-autonomous-car-technology-to-86-billon-idUSKBN27T24O ²¹https://www.motortrend.com/news/ford-ev-investment-2025/ ²²https://www.motortrend.com/news/ford-ev-investment-2025/ ²³https://www.cnbc.com/2019/09/19/amazon-is-purchasing-100000-rivian-electric-vans.html ²⁴https://www.anheuser-busch.com/newsroom/2019/10/anheuser-busch-to-deploy-21-byd-electric-trucks-as-part-of-state1.html ²⁵https://www.trucks.com/2018/12/12/volvo-build-electric-trucks-north-american-market/ ²⁶https://www.cnbc.com/2021/01/02/tesla-tsla-q4-2020-vehicle-delivery-and-production-numbers.html

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This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding Spey Resources future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Spey Resources industry; (b) market opportunity; (c) Spey Resources business plans and strategies; (d) services that Spey Resources intends to offer; (e) Spey Resources milestone projections and targets; (f) Spey Resources expectations regarding receipt of approval for regulatory applications; (g) Spey Resources intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Spey Resources expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Spey Resources business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Spey Resources ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Spey Resources ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) Spey Resources ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Spey Resources to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Spey Resources operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact Spey Resources business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Spey Resources business operations (e) Spey Resources may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

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