Spearmint More Than Doubles its Crypto Exposure
Spearmint Resources Inc. (SPMTF) has announced more than doubling its cryptocurrency holdings through additional purchases of Solana, a high-speed blockchain platform capable of processing around 50,000 transactions per second. The company views this as a strategic move to build shareholder value, taking advantage of market conditions to increase its crypto exposure.
The company also highlighted its George Lake South Antimony Project in New Brunswick, which has been expanded to 4,722 acres. This project gains significance as China recently banned antimony exports to the US, with prices soaring 228% since early 2024 to $39,000 per metric tonne.
Additionally, Spearmint reminded investors of its McGee Lithium Clay Deposit in Clayton Valley, Nevada, which has an updated Mineral Resource estimate of 2,092,000 tonnes of lithium carbonate equivalent (LCE), citing growing EV market momentum and increased sales globally.
Spearmint Resources Inc. (SPMTF) ha annunciato di aver più che raddoppiato le proprie partecipazioni in criptovalute grazie a ulteriori acquisti di Solana, una piattaforma blockchain ad alta velocità in grado di elaborare circa 50.000 transazioni al secondo. L'azienda considera questa mossa strategica per aumentare il valore per gli azionisti, sfruttando le condizioni di mercato per ampliare la propria esposizione nel settore delle criptovalute.
L'azienda ha inoltre evidenziato il suo George Lake South Antimony Project nel New Brunswick, che è stato ampliato a 4.722 acri. Questo progetto sta acquistando significato poiché la Cina ha recentemente vietato le esportazioni di antimonio negli Stati Uniti, con i prezzi che sono aumentati del 228% dall'inizio del 2024, raggiungendo i 39.000 dollari per tonnellata metrica.
In aggiunta, Spearmint ha ricordato agli investitori il suo McGee Lithium Clay Deposit nella Clayton Valley, Nevada, che ha una stima aggiornata delle risorse minerarie di 2.092.000 tonnellate di equivalente carbonato di litio (LCE), citando il crescente slancio del mercato dei veicoli elettrici e l'aumento delle vendite a livello globale.
Spearmint Resources Inc. (SPMTF) ha anunciado que ha más que duplicado sus tenencias de criptomonedas mediante compras adicionales de Solana, una plataforma blockchain de alta velocidad capaz de procesar alrededor de 50,000 transacciones por segundo. La empresa considera este movimiento estratégico para aumentar el valor para los accionistas, aprovechando las condiciones del mercado para incrementar su exposición a las criptomonedas.
La empresa también destacó su George Lake South Antimony Project en New Brunswick, que se ha expandido a 4,722 acres. Este proyecto cobra importancia ya que China recientemente prohibió las exportaciones de antimonio a los EE. UU., con precios que han aumentado un 228% desde principios de 2024, alcanzando los $39,000 por tonelada métrica.
Además, Spearmint recordó a los inversores sobre su McGee Lithium Clay Deposit en Clayton Valley, Nevada, que tiene una estimación actualizada de recursos minerales de 2,092,000 toneladas de equivalente carbonato de litio (LCE), citando el creciente impulso del mercado de vehículos eléctricos y el aumento de ventas a nivel global.
Spearmint Resources Inc. (SPMTF)는 Solana에 대한 추가 구매를 통해 암호화폐 보유량을 두 배 이상 증가시켰다고 발표했습니다. Solana는 초당 약 50,000건의 거래를 처리할 수 있는 고속 블록체인 플랫폼입니다. 회사는 이를 주주 가치를 구축하기 위한 전략적 움직임으로 보고 있으며, 시장 상황을 활용하여 암호화폐 노출을 증가시키고자 하고 있습니다.
회사는 또한 뉴브런즈윅에 있는 George Lake South Antimony Project를 강조했으며, 이 프로젝트는 4,722에이커로 확장되었습니다. 이 프로젝트는 중국이 최근 미국에 대한 안티몬 수출을 금지한 이후 중요성이 커지고 있으며, 2024년 초부터 가격이 228% 상승하여 톤당 39,000달러에 달하고 있습니다.
또한 Spearmint는 네바다 주 클레이튼 밸리에 있는 McGee Lithium Clay Deposit에 대해 투자자들에게 상기시켰으며, 이곳은 리튬 탄산염 대체물(LCE)의 업데이트된 자원 추정치가 2,092,000톤이라는 수치를 보이고 있으며, 전 세계적으로 전기차 시장의 성장과 판매 증가를 인용하고 있습니다.
Spearmint Resources Inc. (SPMTF) a annoncé avoir plus que doublé ses avoirs en cryptomonnaies grâce à des achats supplémentaires de Solana, une plateforme blockchain à haute vitesse capable de traiter environ 50 000 transactions par seconde. L'entreprise considère cela comme un mouvement stratégique pour accroître la valeur pour ses actionnaires, en tirant parti des conditions du marché pour augmenter son exposition aux cryptomonnaies.
L'entreprise a également mis en avant son George Lake South Antimony Project au Nouveau-Brunswick, qui a été étendu à 4 722 acres. Ce projet prend de l'importance alors que la Chine a récemment interdit les exportations d'antimoine vers les États-Unis, avec des prix ayant grimpé de 228 % depuis début 2024, atteignant 39 000 dollars par tonne métrique.
En outre, Spearmint a rappelé aux investisseurs son McGee Lithium Clay Deposit dans la vallée de Clayton, au Nevada, qui dispose d'une estimation actualisée des ressources minérales de 2 092 000 tonnes d'équivalent carbone de lithium (LCE), citant l'élan croissant du marché des véhicules électriques et l'augmentation des ventes à l'échelle mondiale.
Spearmint Resources Inc. (SPMTF) hat angekündigt, seine Krypto-Vermögenswerte durch zusätzliche Käufe von Solana, einer Hochgeschwindigkeits-Blockchain-Plattform, die rund 50.000 Transaktionen pro Sekunde verarbeiten kann, mehr als zu verdoppeln. Das Unternehmen sieht dies als strategischen Schritt zur Steigerung des Aktionärswerts und nutzt die Marktbedingungen, um seine Krypto-Exposition zu erhöhen.
Das Unternehmen hob auch sein George Lake South Antimony Project in New Brunswick hervor, das auf 4.722 Acres erweitert wurde. Dieses Projekt gewinnt an Bedeutung, da China kürzlich Exportverbote für Antimon in die USA erlassen hat, wobei die Preise seit Anfang 2024 um 228% auf 39.000 USD pro metrischer Tonne gestiegen sind.
Darüber hinaus erinnerte Spearmint die Investoren an sein McGee Lithium Clay Deposit im Clayton Valley, Nevada, das eine aktualisierte Mineralressourcenschätzung von 2.092.000 Tonnen Lithiumcarbonat-Äquivalent (LCE) aufweist und das wachsende Marktwachstum im Bereich Elektrofahrzeuge und steigende Verkaufszahlen weltweit anspricht.
- More than doubled crypto holdings through Solana purchases
- Expanded George Lake South Antimony Project to 4,722 acres
- McGee Lithium Deposit contains 2,092,000 tonnes of LCE
- Strategic positioning in antimony market as prices surge 228% to $39,000/tonne
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 16, 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/237376
FAQ
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