Spark Energy Minerals Announces Private Placement

Core Viewpoint - Spark Energy Minerals Inc. is conducting a non-brokered private placement to raise up to $300,000 through the sale of 5,000,000 units at a price of $0.06 per unit, aimed at advancing exploration work in Brazil's Lithium Valley and for general working capital [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of one share at $0.07 for three years [1]. - The total gross proceeds from the Offering are expected to be up to $300,000 [1]. - All securities issued will be subject to a statutory hold period of four months and one day [2]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to advance exploration work at the Arapaima Project located in Brazil's Lithium Valley, as well as for general working capital [2]. Group 3: Company Overview - Spark Energy Minerals Inc. focuses on the exploration and development of critical minerals essential for the clean-energy transition, particularly in Brazil's Lithium Valley, which is recognized for its lithium, gallium, and rare-earth potential [4]. - The Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization [4]. - The company is committed to responsible exploration practices and aims to support Brazil's development of a sustainable critical-minerals supply chain [4].