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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 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).
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) provided an update on recent lithium developments in Clayton Valley, Nevada. The company highlighted a significant breakthrough by SLB (formerly Schlumberger) in sustainable lithium production. SLB's proprietary solution, which includes direct lithium extraction (DLE), achieves a 96% lithium recovery rate from brine, producing lithium 500 times faster than conventional methods while using only 10% of the land.
Spearmint maintains four projects in Clayton Valley, including the Elon Lithium Brine Project and the McGee Lithium Clay Deposit. The company's Technical Report for the McGee project revealed an updated Mineral Resource Estimate of 2,092,000 tonnes of lithium carbonate equivalent (LCE), more than doubling its previous estimate.