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].

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].

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to announce that it has received aggregate proceeds of $1,734,965 from the exercise of 34,699,307 common share purchase warrants in connection with the Company's previously announced warrant incentive program (the "Incentive Program").Each warrant was exercised at a price of $0.05. Upon exercise of the warrants in accordance with the I ...

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].

Core Insights - Spark Energy Minerals Inc. has reported strong initial drill results from its maiden Reverse Circulation program at the Arapaima Project in Brazil, indicating significant near-surface rare earth and gallium mineralization [1][4]. Exploration Results and Geological Interpretation - Final laboratory assays confirm extensive and continuous rare earth element (REE) and gallium mineralization from surface, consistent with an ionic-adsorption clay (IAC)-style system, recognized as a critical source of heavy rare earths [2][7]. - The first three drill holes intersected broad, continuous intervals of REE mineralization, with Hole ARA-RC003 returning 78 meters of continuous mineralization grading 2,430 ppm Total Rare Earth Oxides (TREO), including high-grade intervals reaching 6,682 ppm TREO [8][12]. - The mineralization includes a high proportion of magnet rare earth oxides (MREO), which constitutes up to 33% of the total rare earth basket, highlighting the presence of elements used in permanent magnet technologies [9]. Gallium Mineralization - All three drill holes also intersected gallium mineralization, with the longest intercept returning 94 meters grading 63 g/t Ga₂O₃ from surface, indicating a multi-commodity critical minerals system at Arapaima [10]. Project Pipeline and Exploration Upside - Spark has identified four drill-ready lithium-bearing pegmatite targets within its broader land package, prioritized for follow-up diamond drilling as part of a staged exploration strategy [16]. - The company controls over 91,000 hectares in the region, providing substantial potential to expand the mineralized footprint beyond the initial drill areas [15]. Strategic Financing - The company is actively evaluating strategic and non-dilutive financing alternatives to accelerate the advancement of both the REE-gallium discovery and its lithium exploration pipeline [17].

Core Insights - Spark Energy Minerals Inc. has successfully completed its maiden reverse circulation drill campaign at the Arapaima Project in Brazil's Lithium Valley, expanding from an initial three-hole plan to five holes totaling 296 meters due to favorable conditions [2][3]. Drilling Campaign Details - The drill program aimed to test priority near-surface targets identified through earlier geochemical sampling, focusing on areas with thick saprolite from granitic rock weathering [3][5]. - The completed drill holes include ARA-RC-001 (58 meters), ARA-RC-002 (44 meters), ARA-RC-003 (94 meters), ARA-RC-004 (46 meters), and ARA-RC-005 (54 meters) [13]. - Sample recovery during the drilling ranged from 85% to 100%, and a comprehensive QA/QC protocol was implemented [6][7]. Warrant Incentive Program - The warrant incentive program has reached its mid-point, encouraging eligible warrant holders to exercise their warrants at a reduced price of $0.05, with additional incentives for those who participate [9][10]. - Each warrant exercised during the program grants an additional common share purchase warrant, valid for one year at a price of $0.06 [10]. Marketing and Awareness Initiatives - The company has engaged Pinnacle Capital Markets Ltd. for a digital marketing and awareness program, which includes developing a digital marketing platform and enhancing the company's online presence [12]. - Additionally, an agreement with bullVestor Medien GmbH has been established for advertising and marketing services in Austria, Germany, and Switzerland [16]. Corporate Governance Update - Ms. Wendy Chan has resigned from the Board of Directors, and the company is evaluating candidates to fill the vacancy [18]. Company Overview - Spark Energy Minerals Inc. focuses on the exploration and development of critical minerals in Brazil's Lithium Valley, controlling approximately 91,900 hectares with multiple targets for lithium and gallium-REE mineralization [19].

Core Points - Spark Energy Minerals Inc. has received approval from the Canadian Securities Exchange to extend the expiry date of 2,241,668 common share purchase warrants from January 31, 2025, to February 22, 2026 [1][2] - The extension aligns with the end of the company's warrant incentive program, allowing holders additional time to participate before its conclusion on February 22, 2026 [2] - During the incentive program, the exercise price of the January Warrants is reduced to $0.05, and each holder who exercises their warrants will receive an additional common share purchase warrant at a price of $0.06 per share [2] Company Overview - Spark Energy Minerals Inc. is focused on the exploration and development of critical minerals essential for the clean-energy transition, primarily in Brazil [4] - The company controls a significant land position in Brazil's Lithium Valley, which is recognized for its lithium, gallium, and rare-earth potential [4] - The flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization [4]

Group 1 - Spark Energy Minerals Inc. has granted a total of 6,690,000 stock options to certain officers, directors, and consultants, including 4,340,000 options to insiders, each exercisable at $0.05 for three years [1] - The options vest immediately and are subject to a statutory hold period of four months plus one day [1] Group 2 - Spark Energy Minerals Inc. is focused on the exploration and development of critical minerals essential for the clean-energy transition, particularly in Brazil's Lithium Valley [2] - The company controls a significant land position of approximately 91,900 hectares in the Lithium Valley, targeting lithium, gallium, and rare-earth elements [2] - Spark aims to strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies while committing to responsible exploration practices [2]

Core Viewpoint - Spark Energy Minerals has launched a warrant incentive program to encourage the exercise of up to 63,650,965 common share purchase warrants, with a reduced exercise price of $0.05 per warrant during the incentive exercise period from January 22, 2026, to February 22, 2026 [1][2]. Group 1: Incentive Program Details - The exercise price for the warrants will be amended to $0.05, down from original prices ranging from $0.06 to $0.30 [2][3]. - Each warrant holder who exercises their warrants during the incentive period will receive one additional common share purchase warrant, termed an "Incentive Warrant," which can be exercised at $0.06 for one year [2][3]. - A total of 11 different warrant issues are eligible for the program, with original exercise prices varying significantly [3]. Group 2: Participation Instructions - Warrant holders must exercise their warrants by submitting the original exercise form and payment during the incentive exercise period to qualify for the program [4]. - The aggregate exercise price must be paid in lawful Canadian currency through specified payment methods [4]. Group 3: Use of Proceeds - The company plans to use the proceeds from the exercise of warrants for general working capital and advancing exploration activities [5]. - Any shares issued from the exercise of Incentive Warrants will be subject to a statutory hold period of four months and one day [5]. Group 4: Company Overview - Spark Energy Minerals is focused on the exploration and development of critical minerals essential for the clean-energy transition, particularly in Brazil's Lithium Valley [8]. - The company's flagship Arapaima Project covers approximately 91,900 hectares and targets lithium and gallium-REE mineralization [8].

Core Viewpoint - Spark Energy Minerals Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $500,000 through the issuance of 10,000,000 units, which will support its exploration initiatives in Brazil [1][2]. Group 1: Private Placement Details - The private placement was fully subscribed by a strategic investor, enhancing Spark's shareholder base and aligning interests in the company's exploration efforts [2]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.06 for three years [3]. - The net proceeds will fund the near-term drill program at the Arapaima Project in Brazil, covering mobilization and initial drilling costs, with remaining funds allocated to general working capital [4]. 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 [7]. - The Arapaima Project spans approximately 91,900 hectares and targets lithium and gallium-REE mineralization, contributing to a sustainable supply chain for electrification and renewable energy [7].