Welcome to our dedicated page for Spearmint Resources news (Ticker: SPMTF), a resource for investors and traders seeking the latest updates and insights on Spearmint Resources stock.
The news feed for Adelayde Exploration Inc. (OTC Pink: SPMTF), formerly Spearmint Resources Inc., provides access to the company’s own reported updates on its exploration projects, corporate actions and diversification activities. These news releases describe the company’s lithium, gold, antimony and tungsten projects in Clayton Valley, Nevada and New Brunswick, Canada, as well as its share consolidation, name change and trading symbol change on the Canadian Securities Exchange to ADDY.
Readers can review announcements about the McGee lithium clay deposit and other Clayton Valley projects, including references to a mineral resource estimate prepared under NI 43-101 for the McGee deposit. The news also covers the acquisition and expansion of the George Lake South Antimony Project and the Sisson North Tungsten Project in New Brunswick, both described as prospective for their respective commodities and situated near historic or existing mining operations.
In addition to mineral exploration news, the company has issued releases about its crypto diversification plan involving purchases of the cryptocurrency Solana, explaining management’s rationale for allocating a portion of cash on hand to this asset. Other corporate communications include details on the one-for-ten share consolidation, the resulting adjustments to options and warrants, and procedural information for shareholders during events such as a postal strike affecting mailing of meeting materials.
By following this SPMTF news page, investors and observers can review the company’s own narrative about its projects, strategic decisions and corporate developments over time, based solely on its published news releases.
Spearmint Resources (CSE: SPMT) has announced its entry into cryptocurrency through an initial purchase of 29.172 Solana via Bitbuy. The company plans to allocate up to 20% of its cash reserves to this diversification strategy.
Solana is a crypto-computing platform that combines proof-of-history (PoH) with proof-of-stake (PoS) consensus, capable of processing approximately 50,000 transactions per second. The platform supports decentralized applications across DeFi, gaming, NFTs, and financial derivatives.
Additionally, on November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, spanning 1,945 contiguous acres. This acquisition gains significance following China's recent ban on antimony exports to the United States, highlighting the need for Western nations to secure critical mineral supplies.
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 has responded to China's recent ban on critical mineral exports, including antimony, to the United States. The ban highlights the growing necessity for Western nations to secure domestic sources of these vital materials. Antimony, important for semiconductors, battery storage, and military applications, has seen significant price increases, with antimony trioxide prices surging 228% to $39,000 per metric ton as of November 28.
The company recently acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. This project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer until 1996. Spearmint's management is developing work plans for this project and will soon announce updates on their crypto diversification strategy.
Spearmint Resources comments on China's recent ban of critical mineral exports, including antimony, to the United States. The ban highlights the urgent need for Western nations to secure reliable sources of these critical minerals amid escalating trade tensions. Antimony prices have surged 228% since the beginning of the year, reaching $39,000 per metric ton as of November 28.
The company recently acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Management plans to begin work on this project and will update shareholders on their crypto diversification plan within 7-10 days.
Spearmint Resources has acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Antimony prices have more than doubled year-to-date, making it one of the best-performing commodities.
The strategic acquisition targets antimony's important applications in semiconductors, electronics, battery technology, and flame retardants. The company plans to update shareholders on their crypto diversification plan and project development strategy.
Spearmint Resources has acquired the George Lake South Antimony Project in New Brunswick, Canada, comprising 1,945 contiguous acres. The project is located near the historic Lake George Antimony Mine, which was North America's largest primary antimony producer from 1876 to 1996. Antimony prices have more than doubled year-to-date, making it one of the best-performing commodities. The metal is important for semiconductors, electronics, battery technology, and flame retardants. The company plans to update shareholders on its crypto diversification plan in the future.
Spearmint Resources Inc. (CSE: SPMT) has announced plans to diversify a portion of its cash holdings into cryptocurrency investments. The company will allocate up to 20% of its cash reserves specifically into Bitcoin, Ethereum, or Solana through a public firm. This strategic move follows what the company perceives as improved crypto sentiment after the Republican Party's victory in the US election. Spearmint maintains its primary focus as a mining company, with notable assets including the McGee lithium clay deposit in Clayton Valley, Nevada, which contains 2,092,000 tonnes of lithium carbonate equivalent (LCE).
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) provided an update on recent lithium developments in Clayton Valley, Nevada. The company highlighted a significant breakthrough by SLB (formerly Schlumberger) in sustainable lithium production. SLB's proprietary solution, which includes direct lithium extraction (DLE), achieves a 96% lithium recovery rate from brine, producing lithium 500 times faster than conventional methods while using only 10% of the land.
Spearmint maintains four projects in Clayton Valley, including the Elon Lithium Brine Project and the McGee Lithium Clay Deposit. The company's Technical Report for the McGee project revealed an updated Mineral Resource Estimate of 2,092,000 tonnes of lithium carbonate equivalent (LCE), more than doubling its previous estimate.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Spearmint Resources (SPMTF)?
What is the market cap of Spearmint Resources (SPMTF)?
