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.
Adelayde Exploration Inc. reports news as a junior resource issuer formerly known as Spearmint Resources Inc., with updates centered on mineral exploration properties and public-company capital actions. Recent company developments include the Sisson North Tungsten Project and George Lake South Antimony Project in New Brunswick, lithium holdings in Clayton Valley, Nevada, and treasury diversification through Solana holdings.
Recurring announcements also cover share consolidation and name-change matters, trading-symbol changes, board-approved capital-structure actions, shareholder meeting communications, governance changes, and disclosure related to Canadian continuous-reporting obligations.
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Spearmint Resources (CSE:SPMT) (OTCPink:SPMTF) has released a new Technical Report that significantly increases the resource estimate at its McGee Lithium Clay Deposit in Nevada. The updated report indicates a total of 2,092,000 tonnes of lithium carbonate equivalent, doubling the previous estimate. This expansion is attributed to the inclusion of four new drillholes, enhancing the mineralized area from 0.87 to 1.22 square miles. The report also highlights the growing demand for lithium, which has surged over 900% since 2021, alongside the U.S. government's push for domestic lithium production.
Spearmint Resources (CSE:SPMT) (OTCPink:SPMTF) has announced significant lithium drilling results from its McGee Lithium Clay Project in Nevada. The phase III drill program revealed a high of 1,810 ppm lithium over a substantial 485 feet, averaging 1,003 ppm. Additional positive results include a high of 1,760 ppm within 652 feet averaging 895 ppm. These findings are reported as the highest in the history of Clayton Valley and are expected to enhance the company's resource estimates. Current trading price is $0.15.