Spark Energy Minerals Announces Upsizing of Private Placement to $550,000

Core Viewpoint - Spark Energy Minerals Inc. is increasing its non-brokered private placement to $550,000 due to strong investor demand, which will consist of up to 9,166,667 units priced at $0.06 each [1][2]. Group 1: Offering Details - The Offering will include units consisting of one common share and one common share purchase warrant, with each warrant allowing the purchase of one share at $0.07 for three years [2]. - Proceeds from the Offering will be allocated to exploration work at the Arapaima Project in Brazil's Lithium Valley and for general working capital [2]. Group 2: 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 [5]. - The Arapaima Project spans approximately 91,900 hectares and targets lithium and gallium-rare earth element mineralization [5]. - The company is committed to responsible exploration practices and aims to support Brazil's development of a sustainable critical minerals supply chain [5].