Spearmint Assets Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the “Firm” or “Spearmint”) needs to announce that it has greater than doubled the acreage on the lately acquired George Lake South Antimony Challenge in New Brunswick, Canada. This venture now consists of 4,722 contiguous acres potential for antimony.
James Nelson, President of Spearmint, acknowledged, “In gentle of the current ban of antimony by China to the USA, we made this strategic acquisition growing the scale of the George Lake South Antimony Challenge. Administration feels that antimony will likely be one of the vital wanted assets in 2025 and we plan to pursue this house with vigor and are presently evaluating further initiatives. Administration is formulating a plan on the George Lake South Antimony Challenge, and administration additionally intends to replace the market on Spearmint’s crypto diversification plan within the close to future as nicely. These are really thrilling instances for Spearmint and Spearmint shareholders.”
Just lately, China banned exports of important minerals, together with antimony, to the US. As commerce tensions escalate between the US and China, this transfer clearly emphasizes the pressing want for Western nations to safe dependable long-term sources of those important minerals, which at the moment are on the forefront of the worldwide provide chain disaster.
Antimony is a vital part in semi-conductors, battery storage know-how, and has a number of navy functions. Costs of antimony trioxide in Rotterdam had soared by 228 per cent because the starting of the yr to $39,000 a metric tonne on Nov. 28, as proven by information from data supplier Argus. The transfer is a substantial escalation of tensions in provide chains the place entry to uncooked materials items is already tight within the West.
This new venture is within the direct neighborhood of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was as soon as the biggest main antimony producer in North America. Antimony’s main makes use of are:
- Semiconductors and Electronics: The rising electronics and semiconductor industries require antimony, making it a important materials for technological growth, together with infrared sensors and elements for navy and aerospace makes use of.
- Battery Know-how: Antimony can be utilized in lead-acid batteries and in rising applied sciences, corresponding to power storage and lithium-ion battery enhancements, which is a big driver of demand sooner or later.
- Flame Retardants: The demand for antimony stays robust as a result of its use in flame-retardant supplies, that are important in a variety of merchandise like textiles, electronics, and plastics. As security rules round fire-resistant supplies turn into stricter, the necessity for antimony-based compounds continues to develop.
About Spearmint Assets Inc.
Spearmint holds the embody 4 initiatives in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a useful resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equal (LCE) for a complete of two,092,000 tonnes of LCE, immediately bordering Pure Power Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine venture, which has entry to a number of the deepest components of the one lithium brine basin in manufacturing in North America; the 124-acre Inexperienced Clay lithium venture; and the 248-acre Clayton Ridge gold venture and now the 4,722 acre George Lake South Antimony Challenge in New Brunswick.
For a cautionary word and disclaimer on the crypto diversification, please confer with the information launch dated November 12, 2024.
Certified particular person for mining disclosure:
The technical contents of this launch had been reviewed and permitted by Frank Bain, PGeo, a director of the corporate and certified particular person as outlined by Nationwide Instrument 43-101.
This property was acquired by way of staking.
Contact Info
Tel: 1-604-646-6903
www.spearmintresources.ca
“James Nelson”
President
Spearmint Assets Inc.
