Spey Resources Appoints Experienced Lithium Exec As CEO

Spey Resources (CSE: SPEY) has a new executive at the helm. The company this morning announced that Phillip Thomas has been appointed as Chief Executive Officer of the company, effective as of yesterday morning.

Thomas comes to the industry as a highly experienced lithium industry executive. With multiple major transactions in this space under his belt, including the US$962 million sale of the Pozuelos Salar to Ganfeng in 2009, and a US$825 million sale of an extraction process and plant in Argentina that was purchased by Rio Tinto, he comes to the company highly qualified for the role.

In terms of education, Thomas holds a Masters of Business Marketing from Monash University, as well as a Bachelor of Science degree. He is also an active member of the Australian Institute of Geoscientists and a Fellow of the Australasian Institute of Mining and Metallurgy.

The Company is excited to have Phil leading the Company with his extensive experience and unique expertise in exploration, discovery and development of lithium salars in Argentina. He pioneered the development of the EkosolveTM direct lithium extraction production technology which Spey has licensed for use on its projects. Mr. Thomas will be in Argentina this month to commence work on the Company’s Candella II and Pocitos projects and we are confident that he will help to fast-track the Company towards production and cash flow,” said former CEO Nader Vatanchi on the appointment of Thomas.

The former CEO will now take on the role of VP of Corporate Finance, while remaining with the company as a director.

Spey Resources last traded at $0.24 on the CSE.

FULL DISCLOSURE: Spey Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Spey Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

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