Spearmint Significantly Increases Acreage on the Sisson North Tungsten Project in New Brunswick
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) has expanded its 'Sisson North Tungsten Project' in New Brunswick from 2,582 to approximately 4,890 contiguous acres. The property directly borders the Sisson Tungsten Mine.
The expansion comes amid significant market developments in the tungsten sector, particularly affected by China's export controls implemented in February 2025. These controls require exporters to obtain licenses for tungsten shipments, citing national security concerns. The restrictions have led to increased prices and supply uncertainties, especially impacting defense and clean energy sectors.
James Nelson, President of Spearmint, emphasized the strong demand for tungsten caught in global tariff battles and highlighted the importance of securing domestic sources of strategic materials. The company positions itself to leverage current market conditions, characterized by elevated commodity prices and record-high gold prices.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) ha ampliato il suo 'Progetto Tungsteno Sisson North' nel New Brunswick da 2.582 a circa 4.890 acri contigui. La proprietà confina direttamente con la Miniera di Tungsteno Sisson.
L'espansione avviene in un contesto di significativi sviluppi di mercato nel settore del tungsteno, particolarmente influenzato dai controlli all'esportazione della Cina implementati nel febbraio 2025. Questi controlli richiedono agli esportatori di ottenere licenze per le spedizioni di tungsteno, citando preoccupazioni per la sicurezza nazionale. Le restrizioni hanno portato a un aumento dei prezzi e a incertezze nell'offerta, impattando in particolare i settori della difesa e dell'energia pulita.
James Nelson, Presidente di Spearmint, ha sottolineato la forte domanda di tungsteno coinvolta nelle battaglie tariffarie globali e ha evidenziato l'importanza di garantire fonti domestiche di materiali strategici. L'azienda si posiziona per sfruttare le attuali condizioni di mercato, caratterizzate da prezzi elevati delle materie prime e prezzi dell'oro ai massimi storici.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) ha ampliado su 'Proyecto Tungsteno Sisson North' en New Brunswick de 2,582 a aproximadamente 4,890 acres contiguos. La propiedad limita directamente con la Mina de Tungsteno Sisson.
La expansión se produce en medio de desarrollos significativos en el mercado del tungsteno, particularmente afectados por los controles de exportación de China implementados en febrero de 2025. Estos controles requieren que los exportadores obtengan licencias para los envíos de tungsteno, citando preocupaciones de seguridad nacional. Las restricciones han llevado a un aumento de precios y a incertidumbres en el suministro, impactando especialmente a los sectores de defensa y energía limpia.
James Nelson, Presidente de Spearmint, enfatizó la fuerte demanda de tungsteno atrapada en las batallas arancelarias globales y destacó la importancia de asegurar fuentes domésticas de materiales estratégicos. La empresa se posiciona para aprovechar las condiciones actuales del mercado, caracterizadas por precios elevados de las materias primas y precios récord del oro.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF)는 뉴브런즈윅의 '시슨 노스 텅스텐 프로젝트'를 2,582 에이커에서 약 4,890 에이커로 확장했습니다. 이 부지는 시슨 텅스텐 광산과 직접 접하고 있습니다.
이번 확장은 2025년 2월에 시행된 중국의 수출 통제로 인해 특히 텅스텐 부문에서 중요한 시장 발전 속에서 이루어졌습니다. 이 통제는 수출업체가 텅스텐 선적을 위한 라이센스를 얻도록 요구하며, 국가 안보 우려를 언급하고 있습니다. 이러한 제한은 가격 상승과 공급 불확실성을 초래했으며, 특히 방위 및 청정 에너지 부문에 영향을 미치고 있습니다.
Spearmint의 회장인 제임스 넬슨은 글로벌 관세 전쟁에 휘말린 텅스텐에 대한 강한 수요를 강조하고 전략적 자원의 국내 공급 확보의 중요성을 강조했습니다. 이 회사는 높은 원자재 가격과 사상 최고의 금 가격으로 특징지어지는 현재의 시장 조건을 활용할 준비를 하고 있습니다.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) a élargi son 'Projet Tungstène Sisson North' au Nouveau-Brunswick, passant de 2 582 à environ 4 890 acres contigus. La propriété borde directement la Mine de Tungstène Sisson.
Cette expansion intervient dans un contexte de développements significatifs sur le marché du tungstène, particulièrement affecté par les contrôles à l'exportation de la Chine mis en place en février 2025. Ces contrôles exigent des exportateurs qu'ils obtiennent des licences pour les expéditions de tungstène, invoquant des préoccupations de sécurité nationale. Les restrictions ont conduit à une augmentation des prix et à des incertitudes d'approvisionnement, impactant particulièrement les secteurs de la défense et de l'énergie propre.
James Nelson, président de Spearmint, a souligné la forte demande de tungstène, prise dans les batailles tarifaires mondiales, et a mis en avant l'importance de sécuriser des sources domestiques de matériaux stratégiques. L'entreprise se positionne pour tirer parti des conditions actuelles du marché, caractérisées par des prix des matières premières élevés et des prix de l'or à des niveaux record.
Spearmint Resources Inc. (CSE: SPMT) (OTC: SPMTF) hat sein 'Sisson North Tungsten Projekt' in New Brunswick von 2.582 auf etwa 4.890 zusammenhängende Acres erweitert. Das Grundstück grenzt direkt an die Sisson Tungsten Mine.
Diese Erweiterung erfolgt vor dem Hintergrund bedeutender Marktentwicklungen im Tungsten-Sektor, die insbesondere durch Chinas Exportkontrollen, die im Februar 2025 eingeführt wurden, beeinflusst werden. Diese Kontrollen verlangen von den Exporteuren, Lizenzen für Tungsten-Lieferungen zu erhalten, wobei nationale Sicherheitsbedenken angeführt werden. Die Beschränkungen haben zu steigenden Preisen und Unsicherheiten in der Versorgung geführt, die insbesondere die Verteidigungs- und den Bereich der sauberen Energie betreffen.
James Nelson, Präsident von Spearmint, betonte die starke Nachfrage nach Tungsten, die in den globalen Zollkonflikten gefangen ist, und hob die Bedeutung der Sicherung von inländischen Quellen strategischer Materialien hervor. Das Unternehmen positioniert sich, um von den aktuellen Marktbedingungen zu profitieren, die durch hohe Rohstoffpreise und Rekordpreise für Gold gekennzeichnet sind.
- Significant land acquisition expanding project size by 89% to 4,890 acres
- Strategic location adjacent to existing Sisson Tungsten Mine
- Market conditions favorable with rising tungsten prices due to Chinese export restrictions
- Positioned to benefit from increasing demand for domestic tungsten sources
- No immediate revenue generation from the property
- Early stage project with no defined mineral resources yet
- Dependent on successful exploration results
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has significantly increased the acreage of the 'Sisson North Tungsten Project' in New Brunswick directly bordering the Sisson Tungsten Mine. This new project now consists of approximately 4,890 contagious acres increased from 2,582 prospective for tungsten.
James Nelson, President of Spearmint stated, "There continues to be strong demand for commodities caught in the middle of global tariff battles—particularly tungsten. Considering these developments, we believe there will be increasing emphasis on securing domestic sources of strategic materials. With commodity prices remaining elevated and gold at all-time highs, we anticipate a much more buoyant junior mining market. With multiple active projects, Spearmint is well positioned to take advantage of these market conditions."
In April 2025, China's export controls on tungsten continued to impact global supply chains and market dynamics. These measures, initiated in February, require exporters to obtain licenses for shipping tungsten and other critical minerals abroad, citing national security and non-proliferation concerns.
The restrictions have led to increased prices and supply uncertainties, particularly affecting industries reliant on tungsten, such as defense and clean energy sectors. Analysts anticipate that Chinese-supplied tungsten may be scarce in the global markets.
In response to these challenges, companies and countries are exploring alternative sources and strategies to mitigate the impact of China's export controls on tungsten.
Tungsten has always been a valuable material due to its unique properties, such as its extremely high melting point, strength, and durability. It is used in a wide variety of applications, including manufacturing hard metals, electronics, lightbulb filaments, and in military and aerospace technologies. However, China's actions regarding tungsten have made it even more valuable for several reasons.
In short, the combination of China's tightening control over tungsten production and the growing demand for this critical material has made tungsten even more valuable on the global market.
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, the 4,722-acre George Lake South Antimony Project in New Brunswick and the 4,890 acre Sisson North Tungsten Project.
This project was acquired via staking.
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/248370
FAQ
How many acres did Spearmint Resources (SPMTF) add to its Sisson North Tungsten Project in April 2025?
What impact have China's 2025 tungsten export controls had on the market?
Where is SPMTF's Sisson North Tungsten Project located and what borders it?
Why is tungsten considered strategically important for SPMTF in 2025?
