RETRANSMISSION: Spearmint Acquires the Sisson North Tungsten Project
Spearmint Resources (CSE: SPMT) has acquired the 'Sisson North Tungsten Project' in New Brunswick, comprising 2,582 contagious acres adjacent to the Sisson Tungsten Mine. The acquisition comes amid heightened trade tensions with China and increasing tariffs, including a 10% duty on Chinese goods implemented in February 2025.
The company highlights the strategic importance of tungsten as China controls a significant portion of global reserves and has recently imposed export controls on critical minerals. Tungsten's value has increased due to supply constraints and growing demand in aerospace, electronics, and defense industries.
Spearmint also maintains its lithium holdings in Clayton Valley, Nevada, noting strengthening EV sales momentum globally. The company views both tungsten and antimony as critical minerals that will face supply chain tightening, particularly as China has banned exports of certain critical minerals to the United States.
Spearmint Resources (CSE: SPMT) ha acquisito il 'Progetto Tungsteno Sisson North' nel New Brunswick, comprendente 2.582 acri contigui adiacenti alla Miniera di Tungsteno Sisson. L'acquisizione avviene in un contesto di crescenti tensioni commerciali con la Cina e l'aumento delle tariffe, inclusa una tassa del 10% sui beni cinesi attuata a febbraio 2025.
L'azienda sottolinea l'importanza strategica del tungsteno, poiché la Cina controlla una parte significativa delle riserve globali e ha recentemente imposto controlli all'esportazione su minerali critici. Il valore del tungsteno è aumentato a causa delle restrizioni di offerta e della crescente domanda nei settori aerospaziale, elettronico e della difesa.
Spearmint mantiene anche le sue partecipazioni in litio nella Clayton Valley, in Nevada, notando un rafforzamento della vendita di veicoli elettrici a livello globale. L'azienda considera sia il tungsteno che l'antimonio come minerali critici che affronteranno un restringimento della catena di approvvigionamento, in particolare poiché la Cina ha vietato le esportazioni di alcuni minerali critici verso gli Stati Uniti.
Spearmint Resources (CSE: SPMT) ha adquirido el 'Proyecto Tungsteno Sisson North' en New Brunswick, que comprende 2,582 acres contiguos adyacentes a la Mina de Tungsteno Sisson. La adquisición se produce en medio de crecientes tensiones comerciales con China y el aumento de aranceles, incluyendo un impuesto del 10% sobre los productos chinos implementado en febrero de 2025.
La empresa destaca la importancia estratégica del tungsteno, ya que China controla una parte significativa de las reservas globales y ha impuesto recientemente controles de exportación sobre minerales críticos. El valor del tungsteno ha aumentado debido a las restricciones de suministro y la creciente demanda en las industrias aeroespacial, electrónica y de defensa.
Spearmint también mantiene sus participaciones en litio en Clayton Valley, Nevada, señalando un fortalecimiento en la venta de vehículos eléctricos a nivel mundial. La empresa considera tanto el tungsteno como el antimonio como minerales críticos que enfrentarán un ajuste en la cadena de suministro, especialmente porque China ha prohibido las exportaciones de ciertos minerales críticos a los Estados Unidos.
스피어민트 리소스 (CSE: SPMT)는 뉴브런즈윅에 위치한 '시슨 노스 텅스텐 프로젝트'를 인수했습니다. 이 프로젝트는 시슨 텅스텐 광산과 인접한 2,582 에이커의 연속된 면적을 포함합니다. 이번 인수는 중국과의 무역 긴장이 고조되고 있으며, 2025년 2월에 시행된 중국 제품에 대한 10% 관세를 포함한 세금 증가 속에서 이루어졌습니다.
회사는 텅스텐의 전략적 중요성을 강조하고 있으며, 중국이 전 세계 자원의 상당 부분을 통제하고 있고 최근에는 필수 광물의 수출 통제를 시행했기 때문입니다. 공급 제약과 항공우주, 전자 및 방산 산업에서의 수요 증가로 인해 텅스텐의 가치는 상승했습니다.
스피어민트는 네바다 클레이튼 밸리에서 리튬 보유량도 유지하고 있으며, 전 세계적으로 전기차 판매가 증가하고 있음을 언급했습니다. 이 회사는 텅스텐과 안티모니를 공급망 긴축에 직면할 필수 광물로 보고 있으며, 특히 중국이 미국에 특정 필수 광물의 수출을 금지했기 때문입니다.
Spearmint Resources (CSE: SPMT) a acquis le 'Projet Tungstène Sisson North' au Nouveau-Brunswick, comprenant 2 582 acres contigus adjacents à la Mine de Tungstène Sisson. Cette acquisition intervient dans un contexte de tensions commerciales croissantes avec la Chine et d'augmentation des tarifs, y compris un droit de 10 % sur les biens chinois mis en œuvre en février 2025.
L'entreprise souligne l'importance stratégique du tungstène, car la Chine contrôle une part significative des réserves mondiales et a récemment imposé des contrôles à l'exportation sur les minéraux critiques. La valeur du tungstène a augmenté en raison des contraintes d'approvisionnement et de la demande croissante dans les secteurs aéronautique, électronique et de la défense.
Spearmint maintient également ses participations en lithium dans la Clayton Valley, au Nevada, notant un renforcement de la dynamique des ventes de véhicules électriques à l'échelle mondiale. L'entreprise considère le tungstène et l'antimoine comme des minéraux critiques qui seront confrontés à un resserrement de la chaîne d'approvisionnement, en particulier alors que la Chine a interdit les exportations de certains minéraux critiques vers les États-Unis.
Spearmint Resources (CSE: SPMT) hat das 'Sisson North Tungsten Projekt' in New Brunswick erworben, das aus 2.582 zusammenhängenden Acres besteht, die an die Sisson Tungsten Mine angrenzen. Die Akquisition erfolgt inmitten steigender Handels Spannungen mit China und zunehmender Zölle, darunter eine 10%ige Abgabe auf chinesische Waren, die im Februar 2025 eingeführt wurde.
Das Unternehmen hebt die strategische Bedeutung von Tungsten hervor, da China einen erheblichen Teil der globalen Reserven kontrolliert und kürzlich Exportkontrollen für kritische Mineralien eingeführt hat. Der Wert von Tungsten ist aufgrund von Angebotsengpässen und einer steigenden Nachfrage in der Luft- und Raumfahrt, Elektronik und Verteidigungsindustrien gestiegen.
Spearmint hält auch seine Lithiumbestände im Clayton Valley, Nevada, und vermerkt eine zunehmende Verkaufsdynamik bei Elektrofahrzeugen weltweit. Das Unternehmen betrachtet sowohl Tungsten als auch Antimon als kritische Mineralien, die mit einer Verknappung der Lieferkette konfrontiert sein werden, insbesondere da China den Export bestimmter kritischer Mineralien in die Vereinigten Staaten verboten hat.
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Vancouver, British Columbia--(Newsfile Corp. - February 14, 2025) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has acquired the 'Sisson North Tungsten Project' in New Brunswick directly bordering the Sisson Tungsten Mine. This new project consists of 2,582 contagious acres prospective for tungsten.
James Nelson, President of Spearmint stated, "We feel that with the tariff issues that are now very present, tungsten will be one of the most sought after domestically sourced strategic metals. Similar to our foray into antimony, management feels that the China stranglehold will create a demand for tungsten and antimony as the supply chain tightens. We feel that diversifying into these sectors gives our shareholders the best opportunity for success especially now that the junior markets have become very buoyant for tungsten as witnessed by the strong movement of companies such as American Tungsten Corp who's shares have risen from
As of February 2025, the United States under President Donald Trump has implemented significant tariffs on imports from China, including a
Tungsten has always been a valuable material due to its unique properties, such as its extremely high melting point, strength, and durability. It is used in a wide variety of applications, including manufacturing hard metals, electronics, lightbulb filaments, and in military and aerospace technologies. However, China's actions regarding tungsten have made it even more valuable for several reasons:
Supply Control: China is one of the world's largest producers and exporters of tungsten, controlling a significant portion of global tungsten reserves. By tightening its production and export quotas, China reduces the global supply of tungsten. This limited supply increases the material's value, as demand remains high but availability becomes constrained.
Increased Demand: As industries evolve, the demand for tungsten in high-tech applications-such as electronics, energy production, and military hardware-has risen. The scarcity of tungsten, due to China's restrictions, further drives up its market price as industries compete for access to this crucial resource.
Strategic Resource: Tungsten is a critical material for many industries, particularly in defense and aerospace sectors. China's control over the supply means it can influence the global market and, in some cases, potentially use tungsten as a strategic lever in geopolitical relations, adding to its perceived value.
In short, the combination of China's tightening control over tungsten production and the growing demand for this critical material has made tungsten even more valuable on the global market.
Recently, China banned exports of critical minerals, including antimony, to the United States. As trade tensions escalate between the United States and China, this move clearly emphasizes the urgent need for Western nations to secure reliable long-term sources of these critical minerals, which are now at the forefront of the global supply chain crisis.
Qualified person for mining disclosure:
The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.
About Spearmint Resources Inc.
Spearmint's projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project, the 4,722-acre George Lake South Antimony Project in New Brunswick and the 2,582 acre Sisson North Tungsten Project.
This project was acquired via staking.
For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.
Contact Information
Tel: 1604646-6903
www.spearmintresources.ca
"James Nelson"
President
Spearmint Resources Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240878
FAQ
What is the size and location of Spearmint's (SPMTF) new tungsten acquisition?
How have recent Chinese export controls affected tungsten availability?
What industries are most affected by tungsten supply constraints?
What tariffs were implemented on Chinese goods in February 2025?
What other strategic minerals does SPMTF hold besides tungsten?
