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].