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Spearmint Resources to buy 53 lithium claims in Nevada

Spearmint ResourcesInc. has agreed to a share deal to acquire a British Columbia corporationthat indirectly holds 53 unpatented lithium mineral claims in Nevada, the companysaid July 13.

The prospective claims, known as the Elon and McGee properties,stretch over 1,420 acres and border PureEnergy Minerals Ltd.'s ClaytonValley South project, the only North American lithium-bearing brinein production.

Subject to TSX Venture Exchange approval, the company will issue12,700,000 common shares to the shareholders of the vendor.