Reminder: (SPEYF) Could Become A Major Breakout Target Based On 4 Potential Catalysts (Bullish Technicals)
Ready for a recap? Let's go.
Our Halloween alert was an NYSE American profile that absolutely became a wild, breakout idea.
Running from an open of $10.32, it surged approximately $4.00+ during the week to a high of $15.12 Thursday.
Overall on its way to a new 52-week high, this profile crushed an approximate move of 46%.
Pair that with the 4 champs from the previous week running approximately 69% combined, and we've been on a little bit of heater.
But that was then. This is now.
I've uncovered a new breakout idea, and by the way, this company is another lithium exploration company.
Let me tell you why this is important.
In the previous few weeks, I've brought two separate lithium related explorers to your attention and what did they do? They crushed it.
Running approximately 65% short term and 10% intraday respectively, they put a spotlight on what could happen to profiles in the battery metals sector.
So when I came across this lithium explorer, I knew I had to jump into action and put together this detailed report.
And based on its MULTIPLE bullish technical indicators across the short, medium, and long term, its recent bombshell acquisition news, and several positive press releases over the past month, this profile needs top spot on your watch-list.
For Monday, November 7th, there is only one exploration company to focus on:
*Spey Resources Corp. (SPEYF)*
Spey Resources is a Canadian mineral exploration company which has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in Pocitos II and 20% interest in the Pocitos I lithium projects.
Spey also holds interests in four lithium exploration projects located in the James Bay Region of Quebec. Spey has a 100% interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
And based on 4 potential catalysts, SPEYF could become a breakout star near term. Here are the details:
No. 1 - Multiple Bullish Technical Indicators
No. 2 - Company Uses Ekosolve™ And Gets Some Game-Changing Results
No. 3 - Commencement Of Lithium Exploration In Quebec
No. 4 - Huge Acquisition Bombshell (4 Projects Included)
But more on those in a second...
Full Company Breakdown - Key SPEYF Details To Know (1)
Spey Resources Corp. is a Canadian mineral exploration company which has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina.
Spey also holds an option to acquire a 100% undivided interest in Pocitos II and 20% interest in the Pocitos I lithium projects.
Spey has a 100% interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
Spey also holds interests in four lithium exploration projects located in the James Bay Region of Quebec.
The four projects comprising the James Bay Property are the 454 Project, the West Lac Corvette Project, the Trieste Project and the Salomon Project, which are located between Patriot Battery Metals’ Corvette Lithium Project to the northwest, and Winsome Resources’ Adina lithium pegmatite to the southeast.
Patriot Battery Metals’ Corvette Lithium Project has reported lithium occurrences in spodumene (hard rock lithium mineral) pegmatite.
Spey notes that the reported pegmatite occurrences on nearby properties does not mean that similar occurrences will be found on the James Bay Property.
The first step of Spey’ lithium exploration program is a multi-spectral analysis of satellite imagery from the European Space Agency’s Sentinel-2 high-resolution, multi-spectral imaging mission.
Spey’s consultants are applying principal component analysis (PSA) to as many as 10 spectral bands, and comparing the results from the James Bay Property to spodumene pegmatites identified from nearby properties, after making required atmospheric corrections.
Any targets identified as spodumene pegmatites will be mapped, channel sampled at surface, and drilled as warranted.
Phil Thomas, CEO of the Company, states, “We are excited to commence exploration on these projects in the James Bay Region of Quebec, Canada. Adding exposure in Canada near a recent lithium discovery gives Spey diversification as we continue to drill and progress our flagship assets in Argentina.”
Spey Resources Corp. Projects (2)
Incahuasi Salar - Argentina
Spey Resources Corp. is pleased to announce that it has completed exploration activities and hit multiple lithium brine aquifers in the Incahuasi Salar (the Candela II Project), the “Lithium Triangle.” They are also pleased to report a planned 5 hole production drilling program in the coming months. Incahuasi Salar is located in the Province of Salta, located approximately 45 kilometers from the township of Tolar Grande, Argentina.