RETRANSMISSION: Spearmint More than Doubles Its Crypto Exposure
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) has announced more than doubling its cryptocurrency holdings through additional Solana purchases. Solana is a crypto platform capable of processing approximately 50,000 transactions per second, utilizing proof-of-history and proof-of-stake consensus mechanisms.
The company is also advancing its George Lake South Antimony Project in New Brunswick, which has been expanded to 4,722 acres. This development comes as antimony prices have surged 228% to $39,000 per metric tonne in 2024, following China's export ban to the United States.
Additionally, Spearmint holds significant lithium assets in Clayton Valley, Nevada, with an updated Technical Report showing 2,092,000 tonnes of lithium carbonate equivalent (LCE), including 1,369,000 indicated tonnes and 723,000 inferred tonnes. The company notes strengthening EV market momentum, citing GM's 50% increase in EV sales for Q4 2024 and China's new energy vehicle sales exceeding 52.3% of passenger car sales.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) ha annunciato di aver più che raddoppiato le proprie partecipazioni in criptovalute mediante ulteriori acquisti di Solana. Solana è una piattaforma crittografica in grado di elaborare circa 50.000 transazioni al secondo, utilizzando meccanismi di consenso proof-of-history e proof-of-stake.
L'azienda sta anche portando avanti il suo George Lake South Antimony Project nel New Brunswick, che è stato ampliato a 4.722 acri. Questo sviluppo avviene in un contesto di aumento dei prezzi dell'antimonio, che sono saliti del 228% a 39.000 dollari per tonnellata metrica nel 2024, a seguito del divieto di esportazione della Cina verso gli Stati Uniti.
Inoltre, Spearmint detiene significativi attivi di litio in Clayton Valley, Nevada, con un Rapporto Tecnico aggiornato che mostra 2.092.000 tonnellate di equivalente carbonato di litio (LCE), inclusi 1.369.000 tonnellate indicate e 723.000 tonnellate inferite. L'azienda nota il rafforzamento della momentum del mercato dei veicoli elettrici, citando un incremento del 50% delle vendite di veicoli elettrici da parte di GM nel quarto trimestre del 2024 e le vendite di veicoli a nuova energia della Cina che superano il 52,3% delle vendite di auto passeggeri.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) ha anunciado haber más que duplicado sus tenencias de criptomonedas mediante nuevas compras de Solana. Solana es una plataforma cripto capaz de procesar aproximadamente 50.000 transacciones por segundo, utilizando mecanismos de consenso de prueba de historia y prueba de participación.
La empresa también está avanzando en su Proyecto de Antimonio George Lake South en New Brunswick, que se ha expandido a 4.722 acres. Este desarrollo se produce en un contexto de aumento de los precios del antimonio, que han aumentado un 228% hasta $39,000 por tonelada métrica en 2024, tras la prohibición de exportaciones de China a Estados Unidos.
Además, Spearmint posee activos significativos de litio en Clayton Valley, Nevada, con un Informe Técnico actualizado que muestra 2,092,000 toneladas de equivalente carbonato de litio (LCE), incluidas 1,369,000 toneladas indicadas y 723,000 toneladas inferidas. La empresa señala el fortalecimiento del momentum del mercado de vehículos eléctricos, citando un aumento del 50% en las ventas de vehículos eléctricos de GM para el cuarto trimestre de 2024 y que las ventas de vehículos de nueva energía de China superan el 52.3% de las ventas de automóviles de pasajeros.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF)는 추가적인 솔라나 구매를 통해 암호화폐 보유량이 두 배 이상 증가했다고 발표했습니다. 솔라나는 약 50,000건의 거래를 초당 처리할 수 있는 암호화 플랫폼으로, 역사적 증명 및 지분 증명 합의 메커니즘을 활용합니다.
회사는 또한 뉴브런즈윅의 조지 레이크 사우스 안티모니 프로젝트를 추진하고 있으며, 이는 4,722 에이커로 확장되었습니다. 이 개발은 중국의 미국 수출 금지로 인해 안티모니 가격이 2024년에 39,000달러로 228% 상승한 가운데 이루어졌습니다.
추가적으로, Spearmint는 네바다 주 클레이튼 밸리에 있는 리튬 자산을 상당히 보유하고 있으며, 업데이트된 기술 보고서에 따르면 2,092,000톤의 리튬 탄산염 등가물(LCE)이 포함되어 있으며, 이 중 1,369,000톤은 해당량으로, 723,000톤은 추정량입니다. 회사는 EV 시장의 모멘텀 강화에 대해 언급하며, GM의 2024년 4분기 EV 판매가 50% 증가했으며 중국의 신에너지 차량 판매가 승용차 판매의 52.3%를 초과했다고 보고했습니다.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) a annoncé avoir plus que doublé ses avoirs en cryptomonnaie grâce à de nouveaux achats de Solana. Solana est une plateforme de cryptomonnaie capable de traiter environ 50.000 transactions par seconde, utilisant des mécanismes de consensus par preuve d'historique et par preuve de participation.
L'entreprise avance également son projet George Lake South Antimony dans le New Brunswick, qui a été étendu à 4.722 acres. Ce développement intervient alors que les prix de l'antimoine ont grimpé de 228% pour atteindre 39.000 dollars la tonne métrique en 2024, suite à l'interdiction d'exportation de la Chine vers les États-Unis.
De plus, Spearmint détient d'importants actifs en lithium à Clayton Valley, Nevada, avec un Rapport Technique mis à jour montrant 2.092.000 tonnes d'équivalent carbonate de lithium (LCE), dont 1.369.000 tonnes indiquées et 723.000 tonnes inférées. L'entreprise note le renforcement de la dynamique du marché des véhicules électriques, citant une augmentation de 50% des ventes de véhicules électriques de GM pour le quatrième trimestre 2024 et le fait que les ventes de véhicules à nouvelle énergie en Chine dépassent 52,3% des ventes de voitures particulières.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) hat angekündigt, durch zusätzliche Solana-Käufe seine Kryptowährungsbestände mehr als verdoppelt zu haben. Solana ist eine Krypto-Plattform, die etwa 50.000 Transaktionen pro Sekunde verarbeiten kann und die Konsensmechanismen Proof-of-History und Proof-of-Stake nutzt.
Das Unternehmen entwickelt auch sein George Lake South Antimony Project in New Brunswick, das auf 4.722 Acres erweitert wurde. Diese Entwicklung erfolgt im Kontext eines Anstiegs der Antimonpreise um 228 % auf 39.000 USD pro metrischer Tonne im Jahr 2024, nach Chinas Exportverbot in die Vereinigten Staaten.
Darüber hinaus hält Spearmint bedeutende Lithium-Vermögenswerte im Clayton Valley, Nevada, mit einem aktualisierten technischen Bericht, der 2.092.000 Tonnen Lithiumcarbonatäquivalent (LCE) zeigt, darunter 1.369.000 angezeigte Tonnen und 723.000 geschätzte Tonnen. Das Unternehmen weist auf die steigende Dynamik des EV-Marktes hin und erwähnt den Anstieg der EV-Verkäufe von GM um 50 % im 4. Quartal 2024 sowie die Tatsache, dass die Verkäufe von neuen Energiefahrzeugen in China über 52,3 % der Verkaufszahlen bei PKWs betragen.
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Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has more than doubled its crypto holdings via additional purchases of Solana. 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.
James Nelson, President of Spearmint, stated, "In an effort to be as proactive as possible towards building shareholder value, management feels that diversifying into Solana specifically holds the highest potential for growth within the crypto space. We are taking advantage of the dip and have recently made additional Solana purchases resulting in more than doubling our initial position. We intend to continue this crypto diversification plan of action for the foreseeable future and will update the market regarding this strategy in the short and long term. We are also currently formulating plans on the 4,722-acre George Lake South Antimony Project in New Brunswick, Canada, as antimony continues to be one of the best performing resources over the past year." Mr. Nelson went on to say, "In addition, we would like to remind the market of our lithium holdings in Clayton Valley, Nevada which are prospective for both lithium clay & lithium brine, at a time when we feel domestically sourced lithium projects will garner significantly more market interest in 2025. Despite the negative sentiment around lithium and EV's over the last two years, the recent data clearly shows that EV sales are increasing and the momentum for EV sales globally is in fact strengthening, not weakening."
According to a CNBC article dated January 2, 2025, China's push to develop its own electric cars hit a tipping point in July, with the share of new energy vehicles sold accounted for more than half all passenger cars sold that month, according to the passenger car association. New energy vehicles include battery-only and hybrid-powered cars. The trend persisted through November, which saw a penetration rate of
On January 3, 2025, GM announced that for the fourth quarter, sales were up
On June 17, 2022, the Company announced that it received the updated Technical Report and Mineral Resource estimate for the 100-per-cent-owned McGee Lithium Clay Deposit in Clayton Valley, Nevada. The Technical Report included an updated Mineral 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, more than doubling the maiden resource estimate announced on June 11, 2021. The Technical Report and Mineral Resource Estimate was prepared by Derek Loveday, P.Geo. and Mariea Kartick, P.Geo. of Stantec Consulting Services Ltd. ("Stantec") in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and were reported in accordance with the Canadian Securities Administrators NI 43-101.
On December 13, 2024, Spearmint announced that it has more than doubled the acreage on the recently acquired George Lake South Antimony Project in New Brunswick, Canada. This project now consists of 4,722 contiguous acres prospective for antimony and is located 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.
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.
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 228 per cent since the beginning of 2024 to
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 4,722-acre 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.
References:
Reuters; China bans export of critical minerals to US as trade tensions escalate; By Amy Lv and Tony Munroe; December 3, 2024
https://www.cnbc.com/2025/01/02/chinas-electric-car-boom-is-increasingly-more-about-hybrids.html
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237539
FAQ
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