Spearmint's Tungsten Gamble: A Strategic Move Amidst Geopolitical Tensions

Spearmint Resources Inc. (CSE: SPMT) has made a strategic move to acquire the 'Sisson North Tungsten Project' in New Brunswick, directly bordering the Sisson Tungsten Mine. This new project consists of 2,582 contagious acres prospective for tungsten, a critical mineral with increasing demand and geopolitical significance. The acquisition comes amid heightened trade tensions with China and increasing tariffs, including a 10% duty on Chinese goods implemented in February 2025.

Tungsten, known for its unique properties such as its extremely high melting point, strength, and durability, is used in a wide variety of applications, including manufacturing hard metals, electronics, lightbulb filaments, and in military and aerospace technologies. However, China's actions regarding tungsten have made it even more valuable for several reasons. By tightening its production and export quotas, China reduces the global supply of tungsten, increasing its value as demand remains high but availability becomes constrained. Additionally, the growing demand for tungsten in high-tech applications, such as electronics, energy production, and military hardware, further drives up its market price as industries compete for access to this crucial resource.



Spearmint's acquisition of the Sisson North Tungsten Project aligns with its long-term investment strategy by diversifying its portfolio into critical minerals, particularly those that are strategically important and may face supply chain tightening due to geopolitical tensions. The company's existing projects primarily focus on lithium and gold, but by acquiring the tungsten project, Spearmint is expanding its portfolio to include another critical mineral, reducing its reliance on a single commodity and exposing it to multiple growth opportunities.

The acquisition also comes at a time when the junior markets have become very buoyant for tungsten, as evidenced by the strong movement of companies such as American Tungsten Corp, whose shares have risen from $0.03 cents in October to a high of $2.37. This indicates that there is strong investor demand for tungsten-related companies, which bodes well for Spearmint's new project.

Spearmint's new tungsten project presents potential synergies with its existing George Lake South Antimony Project in New Brunswick. These synergies could lead to cost savings, risk mitigation, operational efficiencies, and increased market appeal, potentially enhancing the company's overall valuation. By having projects in two different critical mineral sectors (tungsten and antimony), Spearmint can mitigate risks associated with relying on a single commodity and make the company more resilient to market fluctuations and geopolitical uncertainties.

In conclusion, Spearmint's acquisition of the Sisson North Tungsten Project is a strategic move that aligns with the company's long-term investment strategy, capitalizes on the growing demand for tungsten, and positions it to benefit from potential supply chain disruptions and increased demand for domestically sourced strategic metals. The project's synergies with Spearmint's existing antimony project in New Brunswick could further enhance the company's overall valuation and market appeal.