RETRANSMISSION: Spearmint More Than Doubles the Acreage of the George Lake South Antimony Project in New Brunswick, Canada
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) has expanded its George Lake South Antimony Project in New Brunswick, Canada, more than doubling its acreage to 4,722 contiguous acres. This strategic expansion comes in response to China's recent ban on antimony exports to the USA.
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 surged significantly, with antimony trioxide prices in Rotterdam increasing by 228% to $39,000 per metric tonne as of November 28.
Antimony is important for semiconductors, battery storage technology, and military applications. The company plans to actively pursue antimony opportunities and will soon update shareholders on its crypto diversification plan.
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) ha ampliato il suo Progetto Antimonio George Lake South nel New Brunswick, Canada, raddoppiando la propria superficie a 4.722 acri contigui. Questa espansione strategica arriva in risposta al recente divieto della Cina sulle esportazioni di antimonio verso gli Stati Uniti.
Il progetto si trova vicino alla storica miniera di antimonio di Lake George, che è stata il principale produttore di antimonio in Nord America dal 1876 al 1996. I prezzi dell'antimonio sono aumentati in modo significativo, con i prezzi dell'ossido di antimonio a Rotterdam che sono aumentati del 228%, arrivando a $39.000 per tonnellata metrica il 28 novembre.
L'antimonio è importante per i semiconduttori, la tecnologia di stoccaggio delle batterie e le applicazioni militari. L'azienda intende perseguire attivamente opportunità nel settore dell'antimonio e fornirà a breve aggiornamenti agli azionisti riguardo al suo piano di diversificazione in criptovalute.
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) ha ampliado su Proyecto Antimonio George Lake South en New Brunswick, Canadá, más que duplicando su superficie a 4,722 acres contiguos. Esta expansión estratégica se produce en respuesta a la reciente prohibición de China sobre las exportaciones de antimonio a los EE. UU.
El proyecto se ubica cerca de la histórica mina de antimonio de Lake George, que fue el mayor productor de antimonio primario de América del Norte desde 1876 hasta 1996. Los precios del antimonio han aumentado significativamente, con los precios del trióxido de antimonio en Rotterdam subiendo un 228% a $39,000 por tonelada métrica hasta el 28 de noviembre.
El antimonio es importante para los semiconductores, la tecnología de almacenamiento de baterías y aplicaciones militares. La empresa planea buscar activamente oportunidades de antimonio y pronto informará a los accionistas sobre su plan de diversificación en criptomonedas.
스피어민트 리소스 주식회사 (CSE: SPMT) (OTC Pink: SPMTF)는 캐나다 뉴브런즈윅에 있는 조지 호수 남부 안티모니 프로젝트를 확대하여 면적을 4,722에이커로 두 배 이상 늘렸습니다. 이 전략적 확장은 중국의 최근 안티모니 수출 금지 조치에 대한 대응으로 이루어졌습니다.
이 프로젝트는 1876년부터 1996년까지 북미에서 가장 큰 안티모니 생산지였던 역사적인 조지 호수 안티모니 광산 근처에 위치해 있습니다. 안티모니 가격은 크게 상승했으며, 로테르담에서의 안티모니 산화물 가격이 11월 28일 기준으로 228% 상승하여 톤당 39,000달러에 달했습니다.
안티모니는 반도체, 배터리 저장 기술, 군사 응용 프로그램에 중요합니다. 회사는 안티모니 기회를 적극적으로 추구할 계획이며, 곧 주주들에게 암호화폐 다각화 계획에 대한 업데이트를 제공할 것입니다.
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) a agrandi son Projet Antimoine George Lake South dans le New Brunswick, Canada, en doublant plus que sa superficie à 4 722 acres contigus. Cette expansion stratégique fait suite à l'interdiction récente de la Chine sur les exportations d'antimoine vers les États-Unis.
Le projet est situé près de l'historique mine d'antimoine de Lake George, qui a été le plus grand producteur d'antimoine primaire en Amérique du Nord de 1876 à 1996. Les prix de l'antimoine ont considérablement augmenté, avec les prix de l'oxyde d'antimoine à Rotterdam augmentant de 228 % pour atteindre 39 000 $ la tonne métrique au 28 novembre.
L'antimoine est important pour les semi-conducteurs, la technologie de stockage des batteries et les applications militaires. L'entreprise prévoit de rechercher activement des opportunités dans l'antimoine et mettra bientôt à jour les actionnaires sur son plan de diversification en cryptomonnaies.
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) hat sein George Lake South Antimonprojekt in New Brunswick, Kanada, erweitert und die Fläche auf mehr als 4.722 zusammenhängende Acres mehr als verdoppelt. Diese strategische Expansion erfolgt als Reaktion auf das kürzliche Exportverbot Chinas für Antimon in die USA.
Das Projekt liegt in der Nähe der historischen Antimonmine Lake George, die von 1876 bis 1996 Nordamerikas größter primärer Antimonproduzent war. Die Preise für Antimon sind erheblich gestiegen, wobei die Preise für Antimontrioxid in Rotterdam am 28. November um 228 % auf 39.000 USD pro metrische Tonne gestiegen sind.
Antimon ist wichtig für Halbleiter, Batteriespeichertechnologie und militärische Anwendungen. Das Unternehmen plant, aktiv Antimonmöglichkeiten zu verfolgen, und wird die Aktionäre bald über seinen Diversifizierungsplan im Krypto-Bereich informieren.
- None.
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce 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.
James Nelson, President of Spearmint stated, "In light of the recent ban of antimony by China to the USA, we made this strategic acquisition increasing the size of the George Lake South Antimony Project. Management feels that antimony will be one of the most sought after resources in 2025 and we plan to pursue this space with vigor and are currently evaluating additional projects. Management is formulating a plan on the George Lake South Antimony Project, and management also intends to update the market on Spearmint's crypto diversification plan in the near future as well. These are truly exciting times for Spearmint and Spearmint shareholders."
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 the year to
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. Antimony's primary uses are:
- Semiconductors and Electronics: The growing electronics and semiconductor industries require antimony, making it a critical material for technological development, including infrared sensors and components for military and aerospace uses.
- Battery Technology: Antimony is also used in lead-acid batteries and in emerging technologies, such as energy storage and lithium-ion battery enhancements, which is a significant driver of demand in the future.
- Flame Retardants: The demand for antimony remains strong due to its use in flame-retardant materials, which are essential in a wide range of products like textiles, electronics, and plastics. As safety regulations around fire-resistant materials become stricter, the need for antimony-based compounds continues to grow.
About Spearmint Resources Inc.
Spearmint holds the 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.
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.
This property was acquired via staking.
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/233899
FAQ
How many acres does SPMTF's expanded George Lake South Antimony Project now cover?
What caused antimony trioxide prices to surge in Rotterdam as of November 2024?
What are the main industrial applications of antimony according to SPMTF's announcement?
What is the historical significance of the Lake George Antimony Mine near SPMTF's project?
Why did Spearmint Resources (SPMTF) expand its antimony project in December 2024?
