Spearmint Makes Initial Entrance into the Crypto Space with Solana
Spearmint Resources (CSE: SPMT) has announced its entrance into cryptocurrency through an initial purchase of 29.172 Solana. The company plans to allocate up to 20% of its cash reserves to this diversification strategy. Solana is a crypto-computing platform known for high transaction speeds and decentralization, capable of processing approximately 50,000 transactions per second.
Additionally, on November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, comprising 1,945 contiguous acres. This acquisition gains significance following China's recent ban on antimony exports to the United States, highlighting the importance of securing Western sources of critical minerals.
Spearmint Resources (CSE: SPMT) ha annunciato il suo ingresso nel settore delle criptovalute con un acquisto iniziale di 29.172 Solana. L'azienda prevede di destinare fino al 20% delle sue riserve di liquidità a questa strategia di diversificazione. Solana è una piattaforma di criptovaluta nota per l'elevata velocità delle transazioni e la decentralizzazione, capace di elaborare circa 50.000 transazioni al secondo.
Inoltre, il 27 novembre 2024, Spearmint ha acquisito il George Lake South Antimony Project nel New Brunswick, comprendente 1.945 acri contigui. Questa acquisizione assume particolare rilevanza dopo il recente divieto della Cina sulle esportazioni di antimonio verso gli Stati Uniti, evidenziando l'importanza di garantire fonti occidentali di minerali critici.
Spearmint Resources (CSE: SPMT) ha anunciado su entrada en el mundo de las criptomonedas mediante una compra inicial de 29.172 Solana. La compañía planea destinar hasta el 20% de sus reservas de efectivo a esta estrategia de diversificación. Solana es una plataforma de cripto-computación conocida por su alta velocidad de transacción y descentralización, capaz de procesar aproximadamente 50.000 transacciones por segundo.
Además, el 27 de noviembre de 2024, Spearmint adquirió el George Lake South Antimony Project en New Brunswick, que comprende 1.945 acres contiguos. Esta adquisición cobra importancia tras la reciente prohibición de China sobre las exportaciones de antimonio a los Estados Unidos, subrayando la necesidad de asegurar fuentes occidentales de minerales críticos.
Spearmint Resources (CSE: SPMT)는 29.172 솔라나의 초기 구매를 통해 암호화폐 시장에 진입한다고 발표했습니다. 이 회사는 자산의 최대 20%를 이러한 다각화 전략에 할당할 계획입니다. 솔라나는 빠른 거래 속도와 분산화를 특징으로 하는 암호화 컴퓨팅 플랫폼으로, 초당 약 50,000건의 거래를 처리할 수 있습니다.
또한, 2024년 11월 27일 Spearmint는 뉴브런즈윅에 있는 조지 호수 남창 안티모니 프로젝트를 1,945에이커 규모로 인수했습니다. 이 인수는 중국이 미국으로의 안티모니 수출을 금지한 이후 특히 중요해지며, 중요한 광물의 서구 출처를 확보하는 것의 중요성을 강조합니다.
Spearmint Resources (CSE: SPMT) a annoncé son entrée dans le domaine des cryptomonnaies par un achat initial de 29.172 Solana. La société prévoit d'allouer jusqu'à 20% de ses réserves de liquidités à cette stratégie de diversification. Solana est une plateforme de cryptomonnaie connue pour sa rapidité de transaction et sa décentralisation, capable de traiter environ 50.000 transactions par seconde.
De plus, le 27 novembre 2024, Spearmint a acquis le George Lake South Antimony Project au Nouveau-Brunswick, comprenant 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 l'importance de sécuriser des sources occidentales de minéraux critiques.
Spearmint Resources (CSE: SPMT) hat seinen Eintritt in die Kryptowährung durch einen ersten Kauf von 29.172 Solana bekannt gegeben. Das Unternehmen plant, bis zu 20% seiner Barreserven in diese Diversifikationsstrategie zu investieren. Solana ist eine Krypto-Computing-Plattform, die für hohe Transaktionsgeschwindigkeiten und Dezentralisierung bekannt ist und in der Lage ist, ungefähr 50.000 Transaktionen pro Sekunde zu verarbeiten.
Zusätzlich hat Spearmint am 27. November 2024 das George Lake South Antimony Project in New Brunswick, das 1.945 zusammenhängende Acres umfasst, erworben. Diese Akquisition gewinnt an Bedeutung, nachdem China kürzlich den Export von Antimon in die Vereinigten Staaten verboten hat, was die Notwendigkeit unterstreicht, westliche Quellen für kritische Minerale zu sichern.
- Strategic diversification into cryptocurrency with initial purchase of 29.172 Solana
- Acquisition of 1,945-acre antimony project in New Brunswick
- Strategic timing of antimony project acquisition following China's export ban to US
- Significant cash allocation (up to 20%) to volatile crypto assets could increase investment risk
- Exposure to cryptocurrency market volatility and regulatory uncertainties
Vancouver, British Columbia--(Newsfile Corp. - December 9, 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/232987
FAQ
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