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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

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.


CSE:SPMT - Post by User

Post by lithomonon Aug 19, 2021 2:05am
504 Views
Post# 33728789

Treasury Cash.....DotheMath

Treasury Cash.....DotheMathGiven the weakness in juniors in recent weeks (rapidly spreading Delta, Middle East instability....looming civil war & USA + Allies Involvement) and deflating market over next year, SPMT is preserving treasury cash for potential rainy days.

As well, it always possible there could be an opportunity under consideration with commodity in-the-ground that could involve utilizing a portion of treasury cash to meet expected work obligations.

Anything is possible for reason of cash preservation.
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