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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 Aug 04, 2021 3:25am
530 Views
Post# 33647020

Cruz Battery Metals Focus

Cruz Battery Metals FocusAlso keep in mind, the economies have opened up and investors & mgmt are travelling like never before and nobody is watching the markets plus juniors typically experience the August summer lulls at about this time so if one has the stomach, August is typically a decent buying opportunity or mining resource juniors (i.e. investor via Desjardins buying SPMT in Tuesday's trading session).
And the focus has been on Cruz lately (acquisitions, name change, drilling, etc) so there is only so much time and effort available to focus on one company, let alone 2 or 3 companies, therefore, SPMT has demonstrated share price weakness like all juniors such as NFG (high 12's to high 9's, etc).

Just saying.....typical share price August dips Plus price of Gold has cooled to low $1800's.

At the moment, the juniors holding up, are the ones with active plans to proceed to production operations (i.e. Frontier Lithium, Critical Elements, Global Atomic, etc....).  GLO is the closest to mining operations with Uranium mining expected in 2022 and hiring is taking place now, with experienced nearby Uranium mining personnel (Africa).

On the other hand, with Palladium price holding up strong around $2,700 and demand and price to continue to advance for the next few years (i.e. fuel cells, auto catalytic converters, batteries along with Niobium as co-catalyst with PGM's) and SPMT with significant ground position bordering Clean Air Metals PGM-Base Metals deposit(s), there is an active plan to bring investor awareness to the Clean Air PGM deposits beginning now and this could have some residual awareness benefit to the SPMT bordering ground.
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