Spark Delivers Shallow Magnet Rare Earths Up To 33% MREO and Gallium from Surface in All Five Maiden Drill Holes

Core Insights - Spark Energy Minerals Inc. has reported promising results from its maiden Reverse Circulation drill program at the Arapaima Project in Brazil's Lithium Valley, indicating a laterally continuous critical minerals system [1][9]. Rare Earth Elements (REE) Highlights - All five drill holes intersected broad rare earth mineralization, with Magnet Rare Earth Oxides (MREO) comprising up to 33% of Total Rare Earth Oxides (TREO) [2][3][4]. - The consistent mineralization across all holes suggests a coherent and laterally continuous mineralized system rather than isolated high-grade zones [3][8]. Gallium Mineralization - Gallium was intersected from surface in all five holes, highlighting the near-surface character of the system and its strategic importance in advanced technologies [5][12]. - The presence of gallium is significant due to its critical role in semiconductors and other high-tech applications, with global supply being highly concentrated [5][20]. Geological Interpretation - The drilling results support the interpretation of a coherent and vertically developed supergene mineralized system formed through deep tropical weathering of granitic host rocks [9][10]. - The average spacing of approximately 380 meters between drill holes strengthens the interpretation of a laterally continuous mineralized system across a meaningful footprint [7][8]. Strategic Importance of the Arapaima Project - The Arapaima Project is located in Brazil's Lithium Valley, a region gaining international recognition for lithium and critical mineral discoveries, which aligns with global supply chain diversification efforts [17][18]. - As demand for magnet rare earths and gallium intensifies, Brazil's Lithium Valley continues to attract international attention as a prospective critical minerals district [20].