RETRANSMISSION: Spearmint Comments on China's Ban of Critical Mineral Exports to the USA, including Antimony
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 ha risposto al recente divieto della Cina riguardo l'esportazione di minerali critici, compreso l'antimonio, verso gli Stati Uniti. Questo divieto evidenzia la crescente necessità per le nazioni occidentali di garantire fonti interne di questi materiali cruciali. Antimonio, importante per i semiconduttori, lo stoccaggio delle batterie e applicazioni militari, ha visto aumenti significativi dei prezzi, con i prezzi dell'ossido di antimonio che sono schizzati del 228% a $39.000 per tonnellata metrica al 28 novembre.
Recentemente, l'azienda ha acquisito il Progetto di Antimonio George Lake South nel New Brunswick, Canada, che si estende su 1.945 acri contigui. Questo progetto si trova vicino alla storica Miniera di Antimonio Lake George, che è stata il principale produttore di antimonio del Nord America fino al 1996. La direzione di Spearmint sta sviluppando piani di lavoro per questo progetto e presto annuncerà aggiornamenti sulla loro strategia di diversificazione in criptovalute.
Spearmint Resources ha respondido a la reciente prohibición de China sobre la exportación de minerales críticos, incluido el antimonio, hacia Estados Unidos. Esta prohibición pone de relieve la creciente necesidad de que las naciones occidentales aseguren fuentes internas de estos materiales vitales. Antimonio, importante para semiconductores, almacenamiento de baterías y aplicaciones militares, ha visto incrementos significativos en los precios, con los precios del trióxido de antimonio aumentando un 228% a $39,000 por tonelada métrica hasta el 28 de noviembre.
La empresa adquirió recientemente el Proyecto de Antimonio George Lake South en New Brunswick, Canadá, que comprende 1,945 acres contiguos. Este proyecto se ubica cerca de la histórica Mina de Antimonio Lake George, que fue el mayor productor de antimonio en América del Norte hasta 1996. La dirección de Spearmint está desarrollando planes de trabajo para este proyecto y anunciará pronto actualizaciones sobre su estrategia de diversificación en criptomonedas.
스피어민트 리소스(Spearmint Resources)는 중국의 최근 미국에 대한 주요 광물 수출 금지, 특히 안티모니에 대한 조치에 대응했습니다. 이 금지는 서방 국가들이 이러한 필수 자원의 국내 공급원을 확보할 필요성이 커지고 있음을 강조합니다. 안티모니는 반도체, 배터리 저장 및 군사 응용 프로그램에 중요하며, 가격은 크게 상승하여 11월 28일 기준 삼산화안티모니 가격이 39,000달러로 228% 급등했습니다.
회사는 최근 캐나다 뉴브런즈윅의 조지 레이크 남부 안티모니 프로젝트를 인수했습니다. 이 프로젝트는 1,945 에이커의 연속된 면적을 포함하여, 1996년까지 북미 최대의 주요 안티모니 생산지였던 역사적인 레이크 조지 안티모니 광산 근처에 위치해 있습니다. 스피어민트의 경영진은 이 프로젝트를 위한 작업 계획을 개발하고 있으며, 곧 암호화폐 다변화 전략에 대한 업데이트를 발표할 예정입니다.
Spearmint Resources a réagi à l'interdiction récente de la Chine concernant les exportations de minéraux critiques, y compris l'antimoine, vers les États-Unis. Cette interdiction souligne la nécessité croissante pour les pays occidentaux de sécuriser des sources domestiques de ces matériaux vitaux. Antimoine, important pour les semi-conducteurs, le stockage des batteries et les applications militaires, a connu des augmentations de prix significatives, avec les prix de l'oxyde d'antimoine ayant grimpé de 228% pour atteindre 39 000 $ par tonne métrique au 28 novembre.
La société a récemment acquis le Projet d'Antimoine George Lake South au Nouveau-Brunswick, Canada, qui comprend 1 945 acres contigus. Ce projet est situé près de l'historique Mine d'Antimoine Lake George, qui était le plus grand producteur primaire d'antimoine en Amérique du Nord jusqu'en 1996. La direction de Spearmint élabore des plans de travail pour ce projet et annoncera bientôt des mises à jour sur leur stratégie de diversification en cryptomonnaies.
Spearmint Resources hat auf Chinas jüngstes Verbot von kritischen Mineralexporten, einschließlich Antimon, in die Vereinigten Staaten reagiert. Dieses Verbot unterstreicht die wachsende Notwendigkeit für westliche Nationen, sich inländische Quellen für diese wichtigen Materialien zu sichern. Antimon, das für Halbleiter, Batteriespeicherung und militärische Anwendungen wichtig ist, hat erhebliche Preissteigerungen erfahren, wobei die Preise für Antimontrioxid bis zum 28. November um 228% auf 39.000 USD pro metrische Tonne gestiegen sind.
Das Unternehmen hat kürzlich das George Lake South Antimon-Projekt in New Brunswick, Kanada, erworben, das 1.945 zusammenhängende Acres umfasst. Dieses Projekt befindet sich in der Nähe der historischen Antimonmine Lake George, die bis 1996 der größte Primärantimonproduzent Nordamerikas war. Das Management von Spearmint entwickelt Arbeitspläne für dieses Projekt und wird bald Neuigkeiten zu ihrer Diversifizierungsstrategie im Bereich Krypto bekanntgeben.
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Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to comment on yesterday's announcement of China banning exports of critical minerals including antimony to the United States. As trade tensions escalate between the USA 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.
Antimony is an essential component in semi-conductors, battery storage technology, and has several military applications. Prices of antimony trioxide in Rotterdam had soared by
James Nelson, President of Spearmint stated, "This recent move by China is a clear signal of the importance for Western nations to explore for and develop a domestic supply of these critical minerals. Year to date, antimony prices have more than doubled, making it one of the best performing commodities this year and this recent move by China will likely further exacerbate this price surge. Management is currently formulating a plan to begin work on the George Lake South Antimony Project and also intends to update the market on Spearmints crypto diversification plan within 7-10 days. These are truly exciting times for Spearmint shareholders."
On November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, Canada. This project consists of 1,945 contiguous acres prospective for antimony. This new project is in the direct vicinity of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was once the largest primary antimony producer in North America.
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 and now the 1,945 acres George Lake South Antimony Project in New Brunswick.
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.
(1)Reuters; China bans export of critical minerals to US as trade tensions escalate; By Amy Lv and Tony Munroe; December 3, 2024
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232561
FAQ
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