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Spearmint Resources Inc. (SPMTF) is a Vancouver-based mineral exploration company focused on developing high-quality projects in the resource-rich areas of North America. The company's primary projects include lithium properties in Clayton Valley, Nevada, such as the McGee lithium clay deposit, Elon lithium brine project, Green Clay lithium project, and Clayton Ridge project. Additionally, Spearmint has gold projects in Quebec, including the Perron-East gold project and Chibougamau project, highlighting its commitment to diversification and growth in the mining sector.
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) has expanded its George Lake South Antimony Project in New Brunswick, Canada, more than doubling its acreage to 4,722 contiguous acres. This strategic expansion comes in response to China's recent ban on antimony exports to the USA.
The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Antimony prices have surged significantly, with antimony trioxide prices in Rotterdam increasing by 228% to $39,000 per metric tonne as of November 28.
Antimony is important for semiconductors, battery storage technology, and military applications. The company plans to actively pursue antimony opportunities and will soon update shareholders on its crypto diversification plan.
Spearmint Resources has expanded its George Lake South Antimony Project in New Brunswick, Canada, more than doubling its acreage to 4,722 contiguous acres. This strategic expansion follows China's recent ban on antimony exports to the USA. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996.
The company highlights that antimony prices have surged significantly, with antimony trioxide prices in Rotterdam increasing by 228% to $39,000 per metric tonne as of November 28. Antimony is important for semiconductors, battery storage technology, and military applications. The company plans to actively pursue opportunities in this sector and will soon update shareholders on its crypto diversification plan.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) has announced arrangements to address mailing delays caused by the Canadian Union of Postal Workers strike, which affects the delivery of financial statements and proxy materials for their upcoming annual general meeting. The meeting is scheduled for December 19, 2024, at 10 a.m. PST in Vancouver.
The company is utilizing exemptions provided by CSA Blanket Order 51-931 to handle proxy-related communications during the postal strike. Shareholders will vote on setting the number of directors at four, electing directors, appointing Davidson & Company LLP as auditors, and other business matters. All proxy materials are available on SEDAR+ and the company's website. The voting deadline is set for December 17, 2024, at 10 a.m. PST.
Spearmint Resources (CSE: SPMT) has announced its entry into cryptocurrency through an initial purchase of 29.172 Solana via Bitbuy. The company plans to allocate up to 20% of its cash reserves to this diversification strategy.
Solana is a crypto-computing platform that combines proof-of-history (PoH) with proof-of-stake (PoS) consensus, capable of processing approximately 50,000 transactions per second. The platform supports decentralized applications across DeFi, gaming, NFTs, and financial derivatives.
Additionally, on November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, spanning 1,945 contiguous acres. This acquisition gains significance following China's recent ban on antimony exports to the United States, highlighting the need for Western nations to secure critical mineral supplies.
Spearmint Resources (CSE: SPMT) has announced its entrance into cryptocurrency through an initial purchase of 29.172 Solana. The company plans to allocate up to 20% of its cash reserves to this diversification strategy. Solana is a crypto-computing platform known for high transaction speeds and decentralization, capable of processing approximately 50,000 transactions per second.
Additionally, on November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, comprising 1,945 contiguous acres. This acquisition gains significance following China's recent ban on antimony exports to the United States, highlighting the importance of securing Western sources of critical minerals.
Spearmint Resources has responded to China's recent ban on critical mineral exports, including antimony, to the United States. The ban highlights the growing necessity for Western nations to secure domestic sources of these vital materials. Antimony, important for semiconductors, battery storage, and military applications, has seen significant price increases, with antimony trioxide prices surging 228% to $39,000 per metric ton as of November 28.
The company recently acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. This project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer until 1996. Spearmint's management is developing work plans for this project and will soon announce updates on their crypto diversification strategy.
Spearmint Resources comments on China's recent ban of critical mineral exports, including antimony, to the United States. The ban highlights the urgent need for Western nations to secure reliable sources of these critical minerals amid escalating trade tensions. Antimony prices have surged 228% since the beginning of the year, reaching $39,000 per metric ton as of November 28.
The company recently acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Management plans to begin work on this project and will update shareholders on their crypto diversification plan within 7-10 days.
Spearmint Resources has acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Antimony prices have more than doubled year-to-date, making it one of the best-performing commodities.
The strategic acquisition targets antimony's important applications in semiconductors, electronics, battery technology, and flame retardants. The company plans to update shareholders on their crypto diversification plan and project development strategy.
Spearmint Resources has acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Antimony prices have more than doubled year-to-date, making it one of the best-performing commodities. The metal is important for semiconductors, electronics, battery technology, and flame retardants. The company plans to update shareholders on its crypto diversification plan in the future.
Spearmint Resources Inc. (CSE: SPMT) has announced plans to diversify a portion of its cash holdings into cryptocurrency investments. The company will allocate up to 20% of its cash reserves specifically into Bitcoin, Ethereum, or Solana through a public firm. This strategic move follows what the company perceives as improved crypto sentiment after the Republican Party's victory in the US election. Spearmint maintains its primary focus as a mining company, with notable assets including the McGee lithium clay deposit in Clayton Valley, Nevada, which contains 2,092,000 tonnes of lithium carbonate equivalent (LCE).