Spearmint Resources (SPMTF)

[toastturtle]

$SPMTF is about 2 weeks away from an updated resource calculation which is being done by Stantec. If you are familiar with the company then you know Stantec provided a maiden resource calculation for the McGee lithium project last year and indicated 1,006,000 tonnes of LCE on the project. What stood out if you read the report is that the company was only given lithium values for land to the east of what was though of as a limiting fault that runs through the middle of the project. Since the report Spearmint has drilled the west side of the project and reported some of the best intercepts in Nevada history for lithium projects. 700 fee of economical grade lithium bearing clay-stones. It is due to these fantastic and surprising results I am expected a significant increase in the deposit size. With the current price it well should be worth a look.

Bordering the project to the North is Cypress Development Corp. who are currently running tests through their pilot plant proving the refinement of the deposit. As they prove the technology, the same processes can be used to extract the McGee project as it is shared with Cypress.

Spearmint is an exploration phase company and will look to maximize the resource size and then look to sell the project to a developer. As the demand starts to spiral I expect we could see this happen sooner than later. 2023 or 2024 would not be unexpected.

Do some DD and see if you see the value I do. I am a shareholder, not an advisor. GL