Spearmint Resources Inc C.SPMT

Alternate Symbol(s): SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. The Company's principal business activities include acquiring and exploring exploration and evaluation assets. The Company's Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. The Company has three separate claim blocks in Nevada that are prospective for lithium known as the 1,136-acre McGee Lithium Clay Project, the 124-acre Green Clay Lithium Project, and the 280-acre Elon Lithium Brine Project, covering an aggregate area of 1,540 acres. Its 3,015-acre Chibougamau project is composed of four separate claim blocks and is located in the direct vicinity of Lac Chibougamau, Quebec, Canada. Its 100-per-cent-owned Perron-East Gold Project consists of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec.

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Spearmint Resources Inc

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Post by ErinBrockovichon Oct 03, 2020 3:32pm

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Post# 31663439

Lithium Trending Down.

The problem with lithium is it is in oversupply, and has been in a price decline. This trend is expected to continue. Down for several years. Only large companies with economies of scale have a chance right now. Stay away from lithium. Its not the right time to buy into lithium plays. If you decide to, stick with large producers.

https://www.fool.com/investing/2019/09/03/albemarle-struggles-as-lithium-prices-continue-to.aspx

https://www.mining.com/top-producer-says-lithium-prices-to-keep-falling/

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Two Venture-listed mining stocks file NI 43-101 reports