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(SPEYF) Trends Green Fast Out Of The Opening Bell, Trades Above 3 Key Lines Of Potential Support Now

September 1st

Good Morning,

SPEYF is off to a strong start today.

Trending green and up approximately 9% at the moment, SPEYF could be entering breakout territory.

With this early green burst, this profile is now trading above multiple lines of potential support. Those include SPEYF's:

• 50-Day Simple Moving Average
• 5-Day Exponential Moving Average
• 13-Day Exponential Moving Average

Just take a look at the chart on Barchart here.

As you can see, if SPEYF starts building some serious support as it has moved above those key lines, it could look to make a move towards previous highs.

And it wasn't too long ago (June) that it was trading over $.50.

Check out the full report on SPEYF below and get this potential breakout idea on you radar quickly.

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Governments all over the world want millions of electric vehicles (EVs) on the roads.

In the U.S. for example, there’s a new executive order that says 50% of new U.S. car sales need to be electric by 2030.(1)

All in an effort to reduce carbon emissions.

Plus, lithium demand is expected to outstrip supply by 20% over the next four years, reports Benchmark Mineral Intelligence, as noted by Reuters.(2)

The world is running short of lithium supply – and fast.(3)

In addition, according to Reuters, “Forecasts call for demand for the white metals to surge from about 320,000 tonnes annually last year to more than 1 million tonnes annually by 2025, when many automakers plan to launch new EV fleets, according to Benchmark. Still, demand is expected to outstrip supply in 2025 by more than 200,000 tonnes, so lithium prices may need to rise to encourage producers to build more mines.”(4)

Even the International Energy Agency just warned that, “At least 30 times as much lithium, nickel and other key minerals may be required by the electric car industry by 2040 to meet global climate targets.”(5)

In short, the world needs as much lithium as it can get its hands on.

That’s where this company could play a critical role...

For Wednesday, September 1st, there is only one lithium exploration profile to have on your radar:

Spey Resources Corp. (SPEYF)

Spey Resources is a Canadian exploration company that’s addressing the lithium demand issue.

Through its unique extraction methods, the company can potentially reduce capital expenditures while providing an environmental benefit of preventing water wastage.

Spey Resources also trades on the Canadian Securities Exchange under the symbol (CSE: SPEY).

At the moment, Spey Resources is operating in the prolific Lithium Triangle. A region that’s said to hold as much as 54% of the world’s lithium supply.(6)

Considering many of the world’s top lithium companies appear to be unearthing massive reserves in the area, this could be huge news.

“With the impending advent of the widespread use of electric cars, trucks plus the millions of rechargeable consumer electronic devices that utilize lithium ion batteries, it is no wonder that numerous exploration companies have turned their attention to the vast Lithium Triangle in Argentina, Chile and Bolivia. It has been estimated that South America’s Lithium Triangle hosts about 54% of the world’s lithium resources,” says Resource World.(6)

Spey Resources just announced it began exploration activities in the Salar de Incahuasi in the Province of Salta. This project is located approximately 45 kilometers from the township of Tolar Grande, Argentina, in that prolific region.(7)

It should also be pointed out that the Inchuasi Salar and basin in the Catamarca region of northwestern Argentina support conditions for quality lithium mines at depth. The basin is impacted by the Cerro Aracar and Pular volcanos, contributing lithium to the salt through aquifers. Easily accessible by road, with no indigenous communities nearby, this region has been substantially explored and shows the lithium brines are close to the surface.(8)

In addition, the company recently announced that the lithium brine samples from the Incahuasi Salar, Argentina, have been received by the University of Melbourne. There are three grades of brine to be processed.(9)

Nader Vatanchi CEO commented, “We are excited that the brines are in Melbourne as we can now process the brines from Incahuasi using the Ekosolve™️ Lithium Solvent Exchange Direct Lithium Extraction process with the aim of producing a battery grade Lithium sample from our brine. Phillip Thomas, Project Director is in discussion with several battery producers and having a sample of lithium carbonate will assist greatly with the objective of attaining an off-take agreement.”(9)

Which brings us to your first potential catalyst:

No. 1 Potential Breakout SPEYF Catalyst - Commencing Of Drilling, Results Announcement Soon

Spey Resources Commences Drilling at Candela II Project on Incahuasi Salar, Argentina

VANCOUVER, British Columbia, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company") is pleased to announce that Amaru Drilling is onsite at Incahuasi Salar, Argentina and will commence its 5 hole, 710m program on Monday August 30, 2021. Brine samples from the drill holes will be collected using a double packer system and core samples will be sent to Core Laboratories, Texas USA for porosity and transmissivity testing. This data will be incorporated in the NI 43-101 report that will be completed after the drilling results are collated. Our TEM geophysics report has identified three extensive sandy units bound by clay units that have very low resistivity values and appear to host the main aquifers. The aquifer closest to the surface is more than 1km in length and is about 75m below the surface. The sampling has shown higher concentrations at the surface on the western end of the concession.

[...]

Nader Vatanchi CEO commented, “I’m delighted with the progress our team has made and look forward to the brine analysis results from the deep drilling at Candela II next week.”

Qualified Person

Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Thomas is independent of the Company but discloses that he is a shareholder of SPEY.

Read the full article here.

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No. 2 Potential Breakout SPEYF Catalyst - Red Hot Chart, Trading From Potential Support

Take a second and check out SPEYF's 3-month chart:

As you can see above, SPEYF has been on a hot streak over the past few weeks.

From a low on August 10th of $.1830, SPEYF more than doubled when it hit a high of $.3887 on August 24th.

Since that high, SPEYF has not dropped below $.28 which means strong potential support could be building at that level.

On top of that, SPEYF is trading above several key lines of potential support (according to Barchart at close on Tuesday):

• 5-Day Exponential Moving Average (EMA)
• 13-Day EMA
• 20-Day Simple Moving Average (SMA)
• 50-Day SMA

With so much potential support building below SPEYF's closing valuation on Tuesday, could we see a continued push up the charts to its recent highs?

Just FYI, less than 2 months ago on July 7th, this profile was trading over $.40.

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No. 3 Potential Breakout SPEYF Catalyst - Moving Close Towards Potential Off-take Agreements

Spey Resources Begins Discussions With Several Battery Manufacturers & Automotive Companies For Potential Off-take Agreements

VANCOUVER, British Columbia, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey” or the "Company") is pleased to announce that Phillip Thomas, Spey Advisor to the board and exploration project manager, has begun discussions with several battery manufacturers and automotive companies for potential off-take agreements.

“Since our lithium brine samples have arrived at the University of Melbourne, we expect that we will have produced a sample of lithium carbonate within the next 2 weeks. The lithium carbonate samples and analysis will allow the various companies we are in discussions with to consolidate their interest in a potential off-take agreement,” stated Nader Vatanchi, CEO and director of Spey. Phillip who is based in Melbourne Australia has had significant experience in negotiations with off-takers for lithium carbonate and related products in Japan, Korea and China.

A large number of lithium battery producers and electric vehicle manufacturers are signing off-take agreements to ensure they or their manufacturers have continuous supply over the next decade. Ganfeng Lithium Co Ltd, Xinyu, China who borders Spey’s project to the North on the Incahuasi Salar has signed agreements with prospective producers such as Tesla, Volkswagen, BMW and other car manufacturers. LG Energy Solution (“LGES”) the largest producer of lithium-ion batteries for electric vehicles in the world, has also signed off-take agreements and supplies its products to top global OEMs.

[...]

Read the full article here.

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No. 4 Potential Breakout SPEYF Catalyst - Signing Of Option Agreement To Acquire Interest In Key Claims

Spey Resources Signs Option Agreement to Acquire a 1-0-0% Interest in the Pocitos I and II Claims from AIS Resources in Salta, Argentina

Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - Spey Resources Corp. (CSE: SPEY) (OTC Pink: SPEYF) (FSE: 2JS) ("Spey" or the "Company") is very pleased to announce that it has entered into an Option Agreement (the "Agreement") dated June 23, 2021 with A.I.S. Resources Ltd. ("AIS") for an Option (the "Option") to acquire a 1-0-0% interest in the Pocitos I and Pocitos II claims (the "Property") located in Salta, Argentina.

[...]

AIS Resources did not pursue the property due to the high magnesium content of the brines, however, the Ekosolve™ lithium extraction process will help alleviate the magnesium situation...

[...]

CEO and director Nader Vatanchi states, "Working with AIS and their team in Argentina has been very productive and we are fortunate that they have access to these projects to expand our lithium portfolio. Spey is still focused on moving our Incahuasi exploration program forward and aim to be drill this summer now that we have the results from our TEM geophysics. Our new properties announced today, Pocitos I and II, are advanced stage and we look forward to drilling and completing a NI 43-101 report so that we can begin planning for potential production."

Read the full article here.

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SPEYF Recap - 4 Potential Game-Changing Catalysts

No. 1 - Commencing Of Drilling, Results Announcement Soon

No. 2 - Red Hot Chart, Trading From Potential Support

No. 3 - Moving Close Towards Potential Off-take Agreements

No. 4 - Signing Of Option Agreement To Acquire 100% Interest In Key Claims

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Coverage is officially initiated on SPEYF. When you have some time, do this:

If there are any more updates today, I'll get them out to you quickly.

Sincerely,

Kai Parker

StockWireNews

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(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)