Spearmint Acquires the George Lake South Antimony Project in New Brunswick, Canada
Spearmint Resources has acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. 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 more than doubled year-to-date, making it one of the best-performing commodities. The metal is important for semiconductors, electronics, battery technology, and flame retardants. The company plans to update shareholders on its crypto diversification plan in the future.
Spearmint Resources ha acquisito il George Lake South Antimony Project nel New Brunswick, Canada, che comprende 1.945 acri contigui. Il progetto si trova vicino alla storica miniera di antimonio di Lake George, che è stata il maggior produttore primario di antimonio in Nord America dal 1876 al 1996. I prezzi dell'antimonio sono raddoppiati dall'inizio dell'anno, rendendolo una delle materie prime maggiormente performanti. Questo metallo è importante per i semiconduttori, l'elettronica, la tecnologia delle batterie e i ritardanti di fiamma. La società prevede di aggiornare gli azionisti sul suo piano di diversificazione in criptovalute in futuro.
Spearmint Resources ha adquirido el Proyecto de Antimonio George Lake South en New Brunswick, Canadá, que comprende 1,945 acres contiguos. El proyecto está ubicado cerca de la histórica mina de antimonio Lake George, que fue el mayor productor primario de antimonio en América del Norte desde 1876 hasta 1996. Los precios del antimonio se han más que duplicado desde el inicio del año, convirtiéndolo en una de las materias primas con mejor rendimiento. Este metal es importante para los semiconductores, la electrónica, la tecnología de baterías y los retardantes de llama. La compañía planea actualizar a los accionistas sobre su plan de diversificación en criptomonedas en el futuro.
스피어민트 리소스가 캐나다 뉴 브런즈윅에 위치한 조지 레이크 남부 안티몬 프로젝트를 인수했습니다. 이 프로젝트는 1,945에이커의 인접한 면적을 포함하고 있습니다. 이 프로젝트는 1876년부터 1996년까지 북미에서 가장 큰 주 안티몬 생산 공장이었던 역사적인 레이크 조지 안티몬 광산 근처에 위치하고 있습니다. 안티몬 가격은 올해 들어 두 배 이상 상승하여 최고의 성과를 거두는 원자재 중 하나가 되었습니다. 이 금속은 반도체, 전자기기, 배터리 기술 및 난연제에 중요합니다. 회사는 향후 암호화폐 다각화 계획에 대해 주주들에게 업데이트할 계획입니다.
Spearmint Resources a acquis le Projet Antimoine George Lake South au Nouveau-Brunswick, Canada, comprenant 1 945 acres contigus. Le projet est situé près de l'historique mine d'antimoine de Lake George, qui a été le plus grand producteur primaire d'antimoine en Amérique du Nord de 1876 à 1996. Les prix de l'antimoine ont plus que doublé depuis le début de l'année, en faisant l'une des matières premières les plus performantes. Ce métal est important pour les semi-conducteurs, l'électronique, la technologie des batteries et les retardateurs de flamme. L'entreprise prévoit de mettre à jour les actionnaires sur son plan de diversification en cryptomonnaies à l'avenir.
Spearmint Resources hat das George Lake South Antimony Project in New Brunswick, Kanada, erworben, das aus 1.945 zusammenhängenden Acres besteht. Das Projekt befindet sich in der Nähe der historischen Antimonmine Lake George, die von 1876 bis 1996 Nordamerikas größter Produzent von primärem Antimon war. Die Antimonpreise haben sich seit Jahresbeginn mehr als verdoppelt, was es zu einem der am besten abschneidenden Rohstoffe macht. Das Metall ist wichtig für Halbleiter, Elektronik, Batterietechnologie und Flammschutzmittel. Das Unternehmen plant, die Aktionäre in Zukunft über seinen Diversifizierungsplan im Bereich Kryptowährungen zu informieren.
- Acquisition of 1,945 acres of antimony-prospective land
- Project located near historic Lake George Antimony Mine
- Antimony prices have more than doubled year-to-date
- Access to flow-through funding due to Canadian location
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has acquired the George Lake South Antimony Project in New Brunswick, Canada. This project consists of 1,945 contiguous acres prospective for antimony.
James Nelson, President of Spearmint stated, "Year to date, antimony prices have more than doubled, making it one of the best performing commodities this year. This is a great addition to our stable of projects and being in Canada, it allows us to access flow through money if needed. Management is formulating a plan on this project and intends to update the market on Spearmints crypto diversification plan once additional information is ready. These are truly exciting times for Spearmint and Spearmint shareholders."
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'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.
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/231560
FAQ
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