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SPARK ENERGY MINERALS INC - MTEHF STOCK NEWS

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Spark Energy Minerals Inc. is a Canadian company focusing on battery metals and mineral assets with interests in Brazil. The recent acquisition of the Minas Gerais mining permits in Brazil's Lithium Valley highlights the company's commitment to lithium and rare earth mineral exploration. Spark Energy Minerals aims to leverage these acquisitions to strengthen its market presence and attract potential investors. With ongoing partnerships and funding initiatives, the company is poised for growth and innovation in the mining sector.

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Spark Energy Minerals Inc. closes the first tranche of financing, raising CDN $311,875 through a private placement. The company issued 4,158,335 units, each comprising one common share and one common share warrant. Insiders subscribed for 666,667 common shares. Proceeds will fund the Tristar Energy Corp. acquisition payment, exploration work, and general working capital.
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Spark Energy Minerals Inc. announces the addition of Mr. Mike Skead, a seasoned geologist with extensive experience in mining exploration and development, to its Technical Advisory Board. Mr. Skead's impressive track record includes his role in delivering a significant geological model and resource for the Saddle North Project, which was later acquired by Newmont Corp. for C$393 million.
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Spark Energy Minerals Inc. appoints Ian Gendall to its Technical Advisory Board, a seasoned professional with a successful track record in the mining industry. The company also grants 1.7 million stock options at $0.10 to key personnel.
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Spark Energy Minerals Inc. acquires Tristar Energy Corp.'s option to acquire Minas Gerais mining permits in Brazil's Lithium Valley. The company purchased the option by issuing 15,000,000 common share units at $0.15 per unit, with an Acquisition Payment of $400,000 due by May 26, 2024. The Property comprises 23 mineral claims totaling 39,596.63 hectares strategically located near other lithium projects in Minas Gerais, Brazil.
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Spark Energy Minerals Inc. announces the creation of its Technical Advisory Board with Andrew Lee Smith as the inaugural member. Mr. Smith, an accomplished Professional Geologist with over 25 years of experience, will serve as the Chair of the Board, bringing valuable expertise to Spark.
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Spark Energy Minerals Inc. announces the acquisition of Tristar Energy Corp.'s option to acquire the Minas Gerais mining permits in Brazil's Lithium Valley. The company will issue 15,000,000 common share units to Tristar, with an Acquisition Payment of $400,000 due by May 26, 2024. The Property comprises 23 mineral claims totaling 39,596.63 hectares strategically located near Sigma Lithium Corporation and Atlas Lithium Corp.'s projects. Spark also plans to complete a private placement of up to $1,000,000 to fund the Acquisition and other activities.
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Spark Energy Minerals Inc. (CSE:EMIN)(OTC:MTEHF) has successfully completed a mineral claims purchase from Talisman Venture Partners Ltd., acquiring a 100% interest in six exploration permits spanning approximately 8,600 hectares in Minas Gerais, Brazil. The total cost of the transaction was $100,000 plus 10 million units at a deemed price of $0.07 per share. Notably, Talisman retained a 1% net smelter return, and Spark can acquire an additional 0.5% at a cost of $1 million. This acquisition follows recent favorable exploration results, suggesting significant potential for lithium discovery in the area.

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Spark Energy Minerals Inc. has announced a purchase agreement to acquire a 100% ownership interest in the Nova Energia Property from Talisman Venture Partners. This acquisition covers approximately 8,631 hectares in Minas Gerais, Brazil, significantly expanding Spark's land holdings to nearly 34,000 hectares in the Lithium Valley. The agreement involves a payment of $100,000 CDN and the issuance of 10 million units, each consisting of one common share and a warrant to purchase an additional share at $0.15. The transaction is set to be completed within 90 days, subject to due diligence.

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FAQ

What is the current stock price of SPARK ENERGY MINERALS (MTEHF)?

The current stock price of SPARK ENERGY MINERALS (MTEHF) is $0.0408 as of August 16, 2024.

What is the market cap of SPARK ENERGY MINERALS (MTEHF)?

The market cap of SPARK ENERGY MINERALS (MTEHF) is approximately 4.4M.

What does Spark Energy Minerals Inc. focus on?

Spark Energy Minerals Inc. is a Canadian company specializing in battery metals and mineral assets with interests in Brazil.

What recent acquisition did the company make?

Spark Energy Minerals Inc. acquired the Minas Gerais mining permits in Brazil's Lithium Valley.

What is the company's commitment in terms of mineral exploration?

The company is committed to exploring lithium and rare earth minerals, focusing on strengthening its market presence and attracting potential investors.

What initiatives is Spark Energy Minerals taking for growth and innovation?

Through ongoing partnerships and funding initiatives, Spark Energy Minerals aims to grow and innovate in the mining sector.

SPARK ENERGY MINERALS INC

OTC:MTEHF

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56.36M
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