Spearmint Resources Inc. has three separate claim blocks in Nevada that are prospective for lithium known as the 880-acre ‘McGee Lithium Clay Project’, the recently acquired 2,004-acre ‘Green Clay Lithium Project’, and the 280-acre ‘Elon Lithium Brine Project’, covering an aggregate area of 3,164 acres.
Spearmint’s ‘Elon Lithium Brine Project’ directly borders Pure Energy Minerals Limited (PE – TSX.v, PEMIF – USA) and has access to some of the deepest parts of this basin. Pure Energy is in the only known lithium-bearing brine basin in North America that is in production and Spearmint is very pleased to be in this area.
On March 18, 2021, Pure Energy’s strategic partner Schlumberger New Energy Venture (NYSE: SLB) “announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology.
On June 10, 2021, Schlumberger (SLB–NYSE) and Panasonic Energy of North America announced a collaboration agreement to optimize and validate a lithium extraction and production process to be used by Schlumberger New Energy at its NeoLith Energy pilot plant in the Clayton Valley using Pure Energy’s land. According to Schlumberger’s news “Neolith Energy’s objective will be to pump brine from the subsurface, extract greater than 90% of the dissolved lithium, and pump more than 85% of the brine back to the subsurface in an environmentally safe manner. In addition to maximizing the reinjection of the brine, the goal is to eliminate the need for any freshwater from an external source and reduce the environmental impact.”
On August 17, 2021, Pure Energy Minerals Ltd. announced its partner Schlumberger New Energy has received approval from the Bureau of Land Management (BLM) for a plan of operations covering the construction and operation of a pilot plant at Pure Energy’s Clayton Valley, Nevada, lithium brine project.
Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties. Mr. Frank Bain, P.Geo., a director of Spearmint and a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.