Spearmint Comments on China's Ban of Critical Mineral Exports to the USA, including Antimony
Spearmint Resources comments on China's recent ban of critical mineral exports, including antimony, to the United States. The ban highlights the urgent need for Western nations to secure reliable sources of these critical minerals amid escalating trade tensions. Antimony prices have surged 228% since the beginning of the year, reaching $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. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Management plans to begin work on this project and will update shareholders on their crypto diversification plan within 7-10 days.
Spearmint Resources commenta il recente divieto della Cina riguardo le esportazioni di minerali critici, incluso l'antimonio, verso gli Stati Uniti. Il divieto sottolinea l'urgenza per le nazioni occidentali di garantire fonti affidabili di questi minerali critici in mezzo a crescenti tensioni commerciali. I prezzi dell'antimonio sono aumentati del 228% dall'inizio dell'anno, raggiungendo $39,000 per tonnellata metrica al 28 novembre.
L'azienda ha recentemente 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 maggiore produttore primario di antimonio in Nord America dal 1876 al 1996. La direzione prevede di iniziare i lavori su questo progetto e aggiornerà gli azionisti sul loro piano di diversificazione cripto entro 7-10 giorni.
Spearmint Resources comenta sobre la reciente prohibición de China respecto a las exportaciones de minerales críticos, incluyendo el antimonio, hacia los Estados Unidos. La prohibición destaca la urgente necesidad de las naciones occidentales de asegurar fuentes confiables de estos minerales críticos en medio de crecientes tensiones comerciales. Los precios del antimonio han aumentado un 228% desde principios de año, alcanzando los $39,000 por tonelada métrica al 28 de noviembre.
La compañía adquirió recientemente el George Lake South Antimony Project en New Brunswick, Canadá, que abarca 1,945 acres contiguos. El proyecto se encuentra cerca de la histórica mina de antimonio de Lake George, que fue el mayor productor primario de antimonio en América del Norte desde 1876 hasta 1996. La dirección planea comenzar a trabajar en este proyecto y actualizará a los accionistas sobre su plan de diversificación cripto en un plazo de 7-10 días.
스피어민트 자원은 중국이 미국에 대한 항안티몬 등 주요 광물의 수출을 금지한 최근 사건에 대해 언급합니다. 이 금지는 서방 국가들이 증가하는 무역 긴장 속에서 이러한 중요한 광물의 신뢰할 수 있는 공급원을 확보할 필요성을 강조합니다. 안티몬 가격은 올해 초 이후 228% 급등하여 11월 28일 기준 톤당 $39,000에 도달했습니다.
회사는 최근 캐나다 뉴브런즈윅에 있는 조지 레이크 사우스 안티몬 프로젝트를 인수했으며, 이 프로젝트는 1,945에이커로 이루어져 있습니다. 이 프로젝트는 1876년부터 1996년까지 북미 최대의 Primary Antimony 생산지였던 역사적인 레이크 조지 안티몬 광산 근처에 위치하고 있습니다. 경영진은 이 프로젝트 작업을 시작할 계획이며 7-10일 이내에 암호화폐 다각화 계획에 대해 주주들에게 업데이트할 것입니다.
Spearmint Resources commente l'interdiction récente par la Chine des exportations de minéraux critiques, y compris l'antimoine, vers les États-Unis. Cette interdiction souligne le besoin urgent pour les nations occidentales de sécuriser des sources fiables de ces minéraux critiques au milieu d'une intensification des tensions commerciales. Les prix de l'antimoine ont augmenté de 228% depuis le début de l'année, atteignant 39 000 $ par tonne métrique au 28 novembre.
La société a récemment acquis le George Lake South Antimony Project au Nouveau-Brunswick, Canada, couvrant 1 945 acres contigus. Le projet est situé près de l'ancienne mine d'antimoine de Lake George, qui a été le plus grand producteur primaire d'antimoine en Amérique du Nord de 1876 à 1996. La direction prévoit de commencer le travail sur ce projet et mettra à jour les actionnaires sur leur plan de diversification dans les cryptomonnaies dans un délai de 7 à 10 jours.
Spearmint Resources kommentiert das jüngste Verbot Chinas von kritischen Mineralexporten, einschließlich Antimon, in die Vereinigten Staaten. Das Verbot hebt die dringende Notwendigkeit für westliche Nationen hervor, zuverlässige Quellen für diese kritischen Mineralien zu sichern, angesichts der eskalierenden Handelskonflikte. Antimonpreise sind seit Jahresbeginn um 228% gestiegen und haben am 28. November $39.000 pro metrischer Tonne erreicht.
Das Unternehmen hat kürzlich 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 der größte primäre Antimonproduzent in Nordamerika war. Die Geschäftsleitung plant, mit der Arbeit an diesem Projekt zu beginnen und wird die Aktionäre innerhalb von 7-10 Tagen über ihren Plan zur Diversifizierung der Kryptowährungen informieren.
- Acquired 1,945-acre antimony project in strategic location near historic mine
- Antimony prices increased 228% YTD to $39,000 per metric ton
- China's export ban likely to drive further price increases
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 4, 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/232427
FAQ
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