Vancouver, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) ("Spey” or the "Company") announces that it has mobilised the drill rig and completed camp preparations for drilling its 400m exploration well in its 600has Pocitos 2 concession.

The camp, internet, diesel tanks and geological offices have been constructed in the town of Pocitos. The drilling work permit has been processed and we are waiting on official certification of the permit due next week.

Fig 1 Diesel tank storage in place                 Fig 2 accommodation, office quarters

Figure 1 The black horizontal line delineates the aquifer. The red areas have the lowest resistivity which indicate a presence of potassium and lithium. Drill Holes one and two on Pocitos 1 located 1km away produced significant amount of lithium bearing brines in 2018.

Once or two exploration drill holes with approximately 400m of drilling are completed, the rig will move to Incahuasi salar approximately 120km away and drill three holes on the targeted aquifer locations. A double packer will sample the brines at depth and be reported on.

After the exploration hole is drilled and a pumping test completed a further hole or a production well will be drilled using the rotary drill machine.

Phil Thomas CEO commented “ We are making great progress at Pocitos salar, with surface sampling, geophysics completed on Pocitos 2 and drilling to be completed shortly closeby on Pocitos 1. The project drill team have nearly completed all their preparations and the rig is stationed closeby. I’m delighted with the progress our team has made and look forward to the brine analysis and pump tests results from the drilling.”

Spey Resources is a Canadian mineral exploration company which has acquired a 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina through its wholly owned subsidiary Tech One Lithium Resources Corp. Spey also holds an option to acquire a 100% undivided interest in Pocitos 2 and has optioned Pocitos 1 to Recharge Resources. 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.

For more information, please contact:

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release, including without limitation, statements pertaining to the future exercise of the Agreement to acquire an interest in the Property, the Company’s exploration programs and the Company’s mineral property development plans, are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, without limitation, financing risks, delays in obtaining or inability to obtain required regulatory approvals, legislative, environmental and other judicial, regulatory, political or competitive developments, exploration and operational difficulties, the timing of future business expenditures, the potential of the Company’s mineral properties and changes in economic conditions or financial markets. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF) ("Frontier" or "the Company") is pleased to announce the results for four additional drill holes completed during the Phase XII drill program on the Spark pegmatite which began in May 2022 and is currently in progress. The initial drill holes were designed to convert inferred material to the indicated category for the planned open pit. The Spark pegmatite is one of the two delineated premium spodumene-bearing lithium deposits on the PAK

(Bloomberg) -- India’s expected surge of rich consumers is driving the jewelry unit of Indian conglomerate Tata Group to triple its Zoya-branded luxury stores by 2027.Most Read from BloombergHere’s How Weird Things Are Getting in the Housing MarketThis Is What 7% Mortgages Will Do to the Housing MarketIt’s Official: The Fed’s in the RedScreening Procedure Fails to Prevent Colon Cancer Deaths in Large StudyThe Most Powerful Buyers in Treasuries Are All Bailing at Once“There is a lot of latent dem

(Bloomberg) -- US restrictions on China’s access to advanced American technologies could slash growth of the country’s largest chipmaker by half next year, Bloomberg Intelligence estimates.Most Read from BloombergHere’s How Weird Things Are Getting in the Housing MarketThis Is What 7% Mortgages Will Do to the Housing MarketIt’s Official: The Fed’s in the RedScreening Procedure Fails to Prevent Colon Cancer Deaths in Large StudyThe Most Powerful Buyers in Treasuries Are All Bailing at OnceSemicon

Fintech stocks have under-performed vs. the S&P 500 amid fears of a recession and competition from startups and tech giants Apple and Amazon.

The new business would sell power-storage units and services to homeowners and commercial clients, an offshoot of GM’s battery-development work for EVs.

Here is how BJ's Wholesale Club (BJ) and SP Plus (SP) have performed compared to their sector so far this year.

Shares of American Airlines Group Inc. (AAL) jumped 3.3% in premarket trading Tuesday, after the air carrier raised its third-quarter total and unit revenue growth outlooks. The company said it now expects total revenue to be up approximately 13% from the same period in pre-pandemic 2019, compared with previous guidance of a rise of 10% to 12%. The company also raised its outlook for growth in total revenue per available seat mile (TRASM) to 25% from previous guidance of up 20% to 24%.

Paint and glass giant PPG Industries warned that third-quarter earnings wouldn't meet its previous guidance. PPG typically doesn't miss earnings estimates.

Demand for personal computers fell by the fastest pace in over two decades as back-to-school promotions failed to reignite sales.

Stocks surged 5.7% on Monday and Tuesday and then shed almost all of those gains on Wednesday, Thursday, and Friday.

The French label's chief brand officer since 2021, Spindler joined the company and its executive committee in 2019.

U.S-listed shares of Qiagen rose 8% while Bio-Rad fell nearly 10% after the report. Bio Rad, which manufactures and supplies products such as laboratory apparatus, instruments and diagnostics, has a market-cap of $12.85 billion. Both Qiagen and Bio-Rad did not immediately respond to Reuters' requests for comments.

An already strained U.S. stock market will be further challenged in the week ahead as the government publishes a key inflation report and megabanks kick off what’s likely to be a murky earnings season.

Bear markets will do that to you, and sadly many will make big mistakes by jumping ahead of the Fed, anticipating a pivot off current hawkish policy. You simply cannot jump ahead of monetary policy looking for the end of rate hikes. Sadly, Fed policy for years has conditioned most investors and traders to expect liquidity drops in times of despair, tragedy, uncertainty and disaster.

There are multiple assistance programs available for first-time homebuyers. Here are five options to consider.

R5 Capital downgrades the stock to Hold from Buy, arguing that the slowdown in the housing sector could impact the home-improvement company.

If you had to pick one group that has performed well over the last seven months in the stock market you would have to say energy - emphatically. Higher oil and gas prices have lifted these stocks from years of slumber, and with the recently announced cut in production by OPEC+, there seems to be more upside to come. The charts of the Energy Select Sector SPDR Fund shows this as well, as the daily chart, above, shows a strong uptrend channel, well-defined of higher lows and higher highs.

The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power plants. The Scaling Climate Action by Lowering Emissions (SCALE) fund will provide grants to developing countries as they deliver pre-agreed results in reducing greenhouse gas emissions, World Bank President David Malpass said in a LinkedIn post. SCALE will be the new umbrella trust fund for the bank's results-based climate finance activities.

A company that is capable of generating earnings well above its interest expense can withstand financial hardship. National Fuel (NFG), Herc Holdings (HRI), ONEOK (OKE) and CECO Environmental (CECE) are strong enough to meet financial obligations.

Cybersecurity stocks have underperformed vs. the S&P 500. But cloud security companies may be better positioned as corporate budgets tighten.