Workflow
RETRANSMISSION: Spearmint Acquires the George Lake South Antimony Project in New Brunswick, Canada
BrunswickBrunswick(US:BC) Newsfileยท2024-11-28 08:01

Core Viewpoint - Spearmint Resources Inc. has acquired the George Lake South Antimony Project in New Brunswick, Canada, which consists of 1,945 contiguous acres prospective for antimony, amidst rising antimony prices that have more than doubled year to date [2][3]. Company Overview - Spearmint's portfolio includes multiple projects in Clayton Valley, Nevada, such as the McGee lithium clay deposit (1,136 acres), Elon lithium brine project (280 acres), Green Clay lithium project (124 acres), Clayton Ridge gold project (248 acres), and now the George Lake South Antimony Project [4]. Antimony Market Insights - Antimony prices have significantly increased, making it one of the best-performing commodities this year [3]. - Antimony is critical for various applications, including: - Semiconductors and Electronics: Essential for technological development, including military and aerospace components [3]. - Battery Technology: Used in lead-acid batteries and emerging energy storage technologies, driving future demand [3]. - Flame Retardants: Strong demand due to its use in fire-resistant materials, which are increasingly required by safety regulations [3].