Spey Resources Corp.: Spey Resources Announces Private Placement
Spey Resources Corp. (
CSE: SPEY) (OTC: SPEYF) ( Spey or the Company ) is pleased to announce that it has engaged Ascenta Finance Corp. to conduct a private placement financing for gross proceeds of up to $2,000,000 through the issuance of up to 8,000,000 Units (each, a Unit ) priced at $0.25. Each Unit will be comprised of one common share and one transferable common share purchase warrant (a Warrant ). Each Warrant will be exercisable for one common share at $0.40 for a period of two years from the date of issuance. Under the terms of the Warrants, Spey will be permitted to accelerate their expiry date if the volume weighted average trading price of the Company s common shares listed on the Canadian Securities Exchange ( CSE ) is at or above $0.90 for ten consecutive trading days.
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One World Lithium starts drilling DDH-3 borehole at its Salar del Diablo lithium brine project
Drilling at DDH-3 will occur 24 hours a day at the property in the State of Baja California in Mexico The surface area of the hydrothermal activity at the DDH-3 location is around 20,000 hectares or 77 square miles
One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) announced it had started drilling the third hole of a four-hole drill program as part of its Phase Three program at the Salar del Diablo lithium brine property in Mexico.
Drilling at DDH-3 (diamond drill hole) will occur 24 hours a day, the company said in a release.
Lithium Mining Market Set for Staggering Performance Through 2025; EVs Play Out as Key Catalyst
Fairfield Market Research clearly projects a whopping 26.3% CAGR forlithium mining market value over the forecast period as it is poised to reach a valuation of US$1,630.30 Mn by 2025. Brines remain the most cost-efficient source of the metal over hard rock or spodumene, which remains a strong factor sustaining the market potential of lithium mining.
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Strong Prospects of Electric Vehicles Accelerate Lithium Mining Activities
Galan Lithium Limited is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.
Highlights:
Historical laterite geochemistry data collected prior to mining at Greenbushes
Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
Galan to commence sampling and mapping at Greenbushes South next month
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.