Spearmint Resources Inc C.SPMT

Alternate Symbol(s): SPMTF

Metals & Mining Gold

Spearmint Resources Inc. is a Canadian junior resource exploration company. Its business activities include acquiring and exploring exploration and evaluation assets. Its Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. It 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 Perron-East Gold Project consists of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec. It also operates George Lake South Antimony Project in New Brunswick, Canada and consists of 1,945 contiguous acres prospective for antimony.

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Spearmint Resources Inc > WE SHOULD NOT WORRY WHAT BASHERS SAY....THIS IS A BIG WINNER

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Comment by BearBull007on Apr 16, 2021 9:17pm

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Post# 33016060

RE:RE:RE:RE:RE:RE:RE:RE:WE SHOULD NOT WORRY WHAT BASHERS SAY....THIS IS A BIG WINNER

According to the referenced article, it seems Schlumberger's advanced technology extraction process will not only benefit Pure Energy Minerals, other lithium companies could benefit as well:
This innovative and sustainable DLE process has the potential to disrupt the lithium economy by opening new opportunities to existing production regions, and enabling new lithium production regions across the globe to meet the growing demand.

BearBull007 wrote:

Cr00ks604 wrote: Why would a company ( CYP) want to process another companies lithium clays? What does it do for CYP shareholders? they want CYP to be making money & sell CYP lithium. Not fiddling around with another companies lithium clays.

The sinp-out news says nothing about spinning out the project to have another company process the lithium clays. Only company setting up a lithium clay processer is CYP.

https://www.spearmintresources.ca/2021/01/spearmint-considers-spinning-out-the-lithium-projects-for-the-benefit-of-the-shareholders/

Pure Energy Minerals entered into an agreement with Schlumberger New Energy for the development of its Nevada lithium brine property, using advanced technology to process the brine and extract high-purity lithium, maximizing the lithium resource recovery.

Similarly, SPMT could enter into an agreement with a miner/processor. SPMT would have to indicate whether this is their intention of course.