SPEY Resources Corp. acquire Lithium Energy Metal Corp.

• The 454 Block project – consists of 10 contiguous claims (513 ha.). The claims occur within the Archean Langelier Complex, which are the oldest rocks in the Le Grand sub-province of the regional Superior Province, and comprise foliated tonalite with hornlende-biotite magnetite. 
• The West Lac Corvette project – consists of 10 contiguous claims (513 ha.). The claims cover Mesoarchean rocks of the Rouget Formation, derived from basalts as well as Neoarchean Marbot Formation wackes (with injections of granite), and southern margin of the Mesoarchean tonalite pluton (post de Le Moyne).
• The Trieste project – consists of two separate contiguous blocks totalling 50 claims and covering 2575 hectares (618 ha. north, and 1957 ha. south), with mylonite and amphibolite rocks of the Mesoarchean Trieste Formation that were derived from basalts.
• Salomon project – 100 claims in two separate continuous blocks, covering 5155 ha. The project includes Mesoarchean mylonites and amphibolites, as well as younger Neoarchean metamorphic wackes and arkoses.

On, and subject to, the conditions set forth in the agreement, in consideration for the acquisition, the company will issue an aggregate of 8.9 million common shares to the shareholders of LEM (collectively).

Read the article online at: https://www.globalminingreview.com/mining/30092022/spey-resources-corp-acquire-lithium-energy-metal-corp/