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RETRANSMISSION: Spearmint Makes Initial Entrance into the Crypto Space with Solana

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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) ha annunciato il suo ingresso nel mondo delle criptovalute attraverso un acquisto iniziale di 29.172 Solana tramite Bitbuy. L'azienda prevede di destinare fino al 20% delle sue riserve di liquidità a questa strategia di diversificazione.

Solana è una piattaforma di cripto-computing che combina il proof-of-history (PoH) con il proof-of-stake (PoS), capace di elaborare circa 50.000 transazioni al secondo. La piattaforma supporta applicazioni decentralizzate in diversi settori, tra cui DeFi, giochi, NFT e derivati finanziari.

Inoltre, il 27 novembre 2024, Spearmint ha acquisito il George Lake South Antimony Project nel New Brunswick, che si estende su 1.945 acri contigui. Questa acquisizione acquista rilevanza in seguito al recente divieto della Cina sulle esportazioni di antimonio verso gli Stati Uniti, evidenziando la necessità per le nazioni occidentali di assicurarsi forniture di minerali critici.

Spearmint Resources (CSE: SPMT) ha anunciado su ingreso en el mundo de las criptomonedas a través de una compra inicial de 29.172 Solana por medio de Bitbuy. La empresa planea destinar hasta el 20% de sus reservas de efectivo a esta estrategia de diversificación.

Solana es una plataforma de cripto-computación que combina consenso de prueba de historia (PoH) con prueba de participación (PoS), capaz de procesar aproximadamente 50.000 transacciones por segundo. La plataforma admite aplicaciones descentralizadas en DeFi, juegos, NFT y derivados financieros.

Además, el 27 de noviembre de 2024, Spearmint adquirió el Proyecto de Antimonio George Lake South en New Brunswick, que se extiende por 1.945 acres contiguos. Esta adquisición cobra relevancia tras la reciente prohibición de China sobre las exportaciones de antimonio a los Estados Unidos, destacando la necesidad de que las naciones occidentales aseguren suministros de minerales críticos.

Spearmint Resources (CSE: SPMT)는 Bitbuy를 통해 29.172 솔라나를 초기 구매함으로써 암호화폐 시장에 진입한다고 발표했습니다. 이 회사는 이 다각화 전략을 위해 현금 보유량의 최대 20%를 배정할 계획입니다.

솔라나는 역사 증명(Proof-of-History, PoH)과 지분 증명(Proof-of-Stake, PoS) 합의를 결합한 암호화 컴퓨팅 플랫폼으로, 초당 약 50,000개의 트랜잭션을 처리할 수 있습니다. 이 플랫폼은 DeFi, 게임, NFT 및 금융 파생상품 전반에서 분산형 애플리케이션을 지원합니다.

또한, 2024년 11월 27일에 Spearmint는 뉴브런즈윅에 위치한 조지 레이크 사우스 안티모니 프로젝트를 인수했으며, 이는 1,945 에이커의 인접한 면적을 차지하고 있습니다. 이 인수는 최근 중국의 미국에 대한 안티모니 수출 금지 조치 이후 중요성을 더하고 있으며, 서방 국가들이 중요한 광물 공급을 확보할 필요성을 강조합니다.

Spearmint Resources (CSE: SPMT) a annoncé son entrée dans le domaine des cryptomonnaies à travers un achat initial de 29.172 Solana via Bitbuy. L'entreprise prévoit de consacrer jusqu'à 20 % de ses réserves de liquidités à cette stratégie de diversification.

Solana est une plateforme de crypto-comptabilité qui combine la preuve d'histoire (PoH) avec le consensus de preuve de participation (PoS), capable de traiter environ 50 000 transactions par seconde. La plateforme prend en charge des applications décentralisées dans les secteurs du DeFi, des jeux, des NFT et des dérivés financiers.

De plus, le 27 novembre 2024, Spearmint a acquis le projet George Lake South Antimony au Nouveau-Brunswick, s'étendant sur 1 945 acres contigus. Cette acquisition prend de l'importance après l'interdiction récente de la Chine sur les exportations d'antimoine vers les États-Unis, soulignant la nécessité pour les nations occidentales de sécuriser les fournitures de minéraux critiques.

Spearmint Resources (CSE: SPMT) hat seinen Eintritt in die Kryptowelt durch einen ersten Kauf von 29.172 Solana über Bitbuy bekannt gegeben. Das Unternehmen plant, bis zu 20% seiner Barmittel für diese Diversifizierungsstrategie einzusetzen.

Solana ist eine Krypto-Computing-Plattform, die Proof-of-History (PoH) mit Proof-of-Stake (PoS) Konsens kombiniert und in der Lage ist, ungefähr 50.000 Transaktionen pro Sekunde zu verarbeiten. Die Plattform unterstützt dezentrale Anwendungen in den Bereichen DeFi, Gaming, NFTs und Finanzderivate.

Darüber hinaus erwarb Spearmint am 27. November 2024 das George Lake South Antimony Project in New Brunswick, das sich über 1.945 zusammenhängende Acres erstreckt. Diese Übernahme gewinnt an Bedeutung, nachdem China kürzlich das Verbot von Antimonexporten in die Vereinigten Staaten verhängt hat, was die Notwendigkeit unterstreicht, dass westliche Nationen kritische Mineralressourcen sichern.

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Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has diversified the Company via an initial purchase of Solana. Spearmint plans to commit up to 20 percent of the cash on hand to this diversification.

James Nelson, President of Spearmint stated, "Spearmint management feels it is prudent to try to be as proactive as possible to build shareholder value. Management feels that diversifying into Solana specifically holds the highest potential for growth within the crypto space. We plan to continue this plan of action for the foreseeable future and will update the market regarding this strategy in the short and long term."

Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It seeks to improve scalability through a different approach in the blockchain industry, combining a proof-of-history (PoH) consensus with the blockchain's underlying proof-of-stake (PoS) consensus. This approach has attracted interest from a diverse range of traders, from small-scale individuals to institutional entities. Solana claims it can process around 50,000 transactions per second. Solana is both a cryptocurrency and a flexible platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs) and financial derivatives. Spearmint has made an initial purchase 29.172 Solana via Bitbuy.

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. Last week, 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233156

FAQ

How much Solana did Spearmint Resources (SPMTF) initially purchase?

Spearmint Resources initially purchased 29.172 Solana via Bitbuy platform.

What percentage of cash reserves is Spearmint (SPMTF) planning to invest in Solana?

Spearmint plans to commit up to 20 percent of its cash on hand to the Solana diversification strategy.

When did Spearmint (SPMTF) acquire the George Lake South Antimony Project?

Spearmint acquired the George Lake South Antimony Project in New Brunswick on November 27, 2024.

How many acres does Spearmint's (SPMTF) new antimony project cover?

The George Lake South Antimony Project covers 1,945 contiguous acres in New Brunswick, Canada.

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