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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.
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.
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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