Adelayde Taps Geologic Partners to Advance Sisson North Tungsten Project in New Brunswick

Spearmint Resources Inc ( (TSE:ADDY) ) has shared an update.

Adelayde Exploration Inc. has engaged international geotechnical firm Geologic Partners as technical advisors for its New Brunswick projects, with a near-term focus on launching a maiden work program at its Sisson North tungsten project, which directly borders Northcliff Resources’ Sisson Tungsten Mine—recently designated a Canadian “Nation-Building Project” and the recipient of significant U.S. and Canadian government funding. The company, recently joined the U.S.-based National Defense Industrial Association and having secured flow-through financing, positions itself to capitalize on rising strategic importance of critical minerals like tungsten by accelerating exploration activities, strengthening ties with defense-related stakeholders, and advancing its broader critical minerals portfolio at the outset of 2026.

Spark’s Take on TSE:ADDY Stock

According to Spark, TipRanks’ AI Analyst, TSE:ADDY is a Underperform.

Spearmint Resources Inc. faces significant financial performance challenges, marked by zero revenue and persistent losses. Despite a strong equity position with no debt, declining assets and negative cash flow highlight potential liquidity issues. Technical indicators show stagnant momentum with neutral RSI and overbought Stochastic. Valuation is unattractive due to a negative P/E ratio and no dividend yield. However, the recent acquisition in the tungsten sector is a strategic positive, providing some potential for future growth.

To see Spark’s full report on TSE:ADDY stock, click here.

More about Spearmint Resources Inc

Adelayde Exploration Inc. is a mineral exploration company focused on critical and strategic minerals, with a portfolio that includes three lithium projects in Nevada’s Clayton Valley—the McGee lithium clay deposit with a defined lithium carbonate equivalent resource, the Elon lithium brine project in North America’s only producing lithium brine basin, and the Green Clay lithium project. The company also owns the Clayton Ridge gold project in Nevada and two sizeable critical mineral assets in New Brunswick: the George Lake South antimony project and the Sisson North tungsten project, which targets growing demand across defense, energy, and advanced technology sectors.

Average Trading Volume: 100,218

Technical Sentiment Signal: Sell

Current Market Cap: C$7.08M

For a thorough assessment of ADDY stock, go to TipRanks’ Stock Analysis page.