Spearmint More Than Doubles the Acreage of the George Lake South Antimony Project in New Brunswick, Canada
Spearmint Resources 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 follows 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.
The company highlights that 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 opportunities in this sector and will soon update shareholders on its crypto diversification plan.
Spearmint Resources ha ampliato il suo Progetto Antimonio George Lake South nel New Brunswick, Canada, raddoppiando le sue dimensioni a 4.722 acri contigui. Questa espansione strategica segue il recente divieto della Cina sulle esportazioni di antimonio verso gli Stati Uniti. Il progetto si trova vicino alla storica miniera di antimonio del Lago George, che è stata il maggiore produttore primario di antimonio del Nord America dal 1876 al 1996.
L'azienda sottolinea che i prezzi dell'antimonio sono aumentati significativamente, con i prezzi dell'ossido di antimonio a Rotterdam che sono aumentati del 228% arrivando a 39.000 dollari per tonnellata metrica al 28 novembre. L'antimonio è importante per i semiconduttori, per le tecnologie di stoccaggio delle batterie e per applicazioni militari. L'azienda prevede di perseguire attivamente opportunità in questo settore e fornirà presto aggiornamenti agli azionisti sul suo piano di diversificazione nel settore cripto.
Spearmint Resources ha ampliado su Proyecto de Antimonio George Lake South en New Brunswick, Canadá, más que duplicando su superficie a 4,722 acres contiguos. Esta expansión estratégica sigue a la reciente prohibición de China sobre las exportaciones de antimonio hacia Estados Unidos. El proyecto se ubica cerca de la histórica Mina de Antimonio del Lago George, que fue el mayor productor primario de antimonio en América del Norte desde 1876 hasta 1996.
La compañía destaca que los precios del antimonio han aumentado significativamente, con los precios del trióxido de antimonio en Róterdam creciendo un 228% hasta alcanzar los 39,000 dólares por tonelada métrica a partir del 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 en este sector y pronto actualizará a los accionistas sobre su plan de diversificación en cripto.
Spearmint Resources는 캐나다 뉴브런스윅에 있는 조지 레이크 사우스 안티모니 프로젝트를 확장하여 면적을 4,722 에이커로 두 배 이상 늘렸습니다. 이번 전략적 확장은 미국에 대한 중국의 최근 안티모니 수출 금지 조치를 따릅니다. 이 프로젝트는 1876년부터 1996년까지 북미 최대의 원주율 안티모니 생산업체였던 역사적인 레이크 조지 안티모니 광산 근처에 위치하고 있습니다.
회사는 안티모니 가격이 크게 상승했음을 강조하며, 네덜란드 로테르담의 안티모니 트리옥사이드 가격이 28일 기준으로 39,000달러로 228% 증가했습니다. 안티모니는 반도체, 배터리 저장 기술 및 군사 응용 분야에 중요합니다. 이 회사는 이 분야에서 기회를 적극적으로 추구할 계획이며, 곧 크립토 다각화 계획에 대해 주주들에게 업데이트할 것입니다.
Spearmint Resources a élargi son Projet de South Antimony George Lake dans le Nouveau-Brunswick, Canada, doublant ainsi 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 du lac George, qui a été le plus grand producteur primaire d'antimoine en Amérique du Nord de 1876 à 1996.
L'entreprise souligne que les prix de l'antimoine ont fortement augmenté, avec les prix de l'oxyde d'antimoine à Rotterdam augmentant de 228 % pour atteindre 39 000 dollars la tonne métrique au 28 novembre. L'antimoine est important pour les semiconducteurs, la technologie de stockage des batteries et les applications militaires. L'entreprise prévoit de poursuivre activement des opportunités dans ce secteur et mettra bientôt à jour les actionnaires sur son plan de diversification en cryptomonnaies.
Spearmint Resources hat sein George Lake South Antimonprojekt in New Brunswick, Kanada, erweitert und die Fläche auf 4.722 zusammenhängende Acres mehr als verdoppelt. Diese strategische Expansion folgt dem jüngsten Exportstopp Chinas für Antimon in die USA. Das Projekt befindet sich in der Nähe der historischen Antimonmine Lake George, die von 1876 bis 1996 der größte Primärantimonproduzent Nordamerikas war.
Das Unternehmen hebt hervor, dass die Antimonpreise erheblich gestiegen sind, wobei die Preise für Antimontrioxid in Rotterdam bis zum 28. November um 228 % auf 39.000 US-Dollar pro metrische Tonne gestiegen sind. Antimon ist wichtig für Halbleiter, die Technologie der Batteriespeicherung und militärische Anwendungen. Das Unternehmen plant, aktiv Möglichkeiten in diesem Bereich zu verfolgen und wird die Aktionäre bald über seinen Plan zur Diversifizierung in Kryptowährung informieren.
- Strategic acquisition doubles antimony project acreage to 4,722 acres
- Project located near historic Lake George Antimony Mine
- Antimony prices up 228% to $39,000/tonne as of November 28
- China's export ban to USA creates market opportunity
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 13, 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: 1-604-646-6903
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/233645
FAQ
How many acres does SPMTF's George Lake South Antimony Project now cover?
What is the current price of antimony trioxide according to the SPMTF announcement?
Where is SPMTF's George Lake South Antimony Project located?
What are the main industrial applications for antimony according to SPMTF?
Why did SPMTF expand its antimony project in December 2024?
