Brent $80 Oil - Consumer Trend to Lithium Powered AutosThe timing is right for SPMT to be drilling and expanding its Nevada Clayton Valley Lithium resource in this "red hot" energy market & Uranium resurgence.
The global Lithium EV adoption to progress more rapidly based on soaring oil and energy prices.
Clearly, with a Lithium resource and favorable recoverable Lithium metallurgy, SPMT does appear to be somewhat undervalued, given its 2 adjoining neighbors and Lithium progress, i.e. Pure Energy and Schlumberger Oil Services (PE share price $1.45) and Cypress Lithium (share price $1.53).
Possibly, the Spearmint spin-out "Lithium" company concept is on the horizon to unlock project valuation.
Perhaps the most recent Nevada Lithium prospect acquisition is another step towards an eventual Lithium spin-out company.