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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canada-based junior resource exploration company. The Company’s primary projects include four projects in Clayton Valley, Nevada, such as the McGee lithium clay deposit, the Elon lithium brine project, Green Clay lithium project, and the Clayton Ridge project. Its other primary projects include the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine. It has three separate claim blocks in Nevada that are prospective for lithium known as the 880-acre McGee Lithium Clay Deposit. The Green Clay lithium project consists of 97 contiguous claims totaling approximately 2,000 acres, and the Clayton Ridge project consists of 35 contiguous claims totaling approximately 721 acres. Its Chibougamau vanadium project is located in the direct vicinity of Lac Chibougamau, Quebec.


CSE:SPMT - Post by User

Post by lithomonon Jan 15, 2021 2:01pm
286 Views
Post# 32307459

The Battle For Surface Lithium Clays: Tesla & Albemarle

The Battle For Surface Lithium Clays: Tesla & AlbemarleWith Tesla (world's richest company) having developed a proprietary Lithium extraction process for Lithium clays and Albemarle recently announcing........

"Albemarle plans to begin exploration this year of clay and evaluate technology that could accelerate the viability of lithium production from clay resources in the region".

And SPMT now announcing another drill hole of 220 Feet of continuous surface and sub-surface Lithium...... 

SPMT Hole 6......average lithium value of 966 ppm Li over 220 continuous feet, including a high value of 1490 ppm. 

It would appear the Battle could be on between Tesla and Albemarle to own this unique deposit area of "Surface and sub-surface" Lithium clays in the Nevada Clayton Valley given Tesla's rapidly expanding EV production & EV adoption around the globe.

On the other hand, if need be, Tesla, the world's richest valuation company, just decides to buy-out everyone including Albemarle to secure its longer term Lithium needs.
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