CA Market News
2月前
Spark Expands Drilling at Arapaima with Follow-Up 2,000-Metre RC ProgramApril 16, 2026 5:15 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) (the "Company" or "Spark") has launched the next phase of drilling at its Arapaima Project ("Arapaima" or the "Project") in Minas Gerais, Brazil, with a follow-up 2,000-metre reverse circulation ("RC") program now underway. The follow-up program is designed to test areas of near-surface rare earth element and gallium mineralization identified during the Company's maiden five-hole RC campaign. The planned program is expected to comprise approximately 20 drill holes averaging about 100 metres in depth, with drilling focused on near-surface target areas identified through earlier drilling, surface exploration, and ongoing geological review.The current campaign is also intended to support refinement of the Company's geological model, evaluate additional priority target areas across the Project, and support ongoing assessment of the distribution and continuity of mineralization in connection with the next stage of exploration at Arapaima.Figure 1. RC drill rig in operation at Spark Energy Minerals' Arapaima Project in Minas Gerais, Brazil.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/292959_27e393da64645bf1_002full.jpgRC drilling has been selected as a suitable method for testing near-surface mineralization and generating samples for geochemical analysis. Drill samples will be logged, prepared, and submitted to accredited analytical laboratories for analysis. The program is expected to continue over the next several weeks, subject to field conditions, and assay results will be reported once they have been received, validated, and interpreted."With drilling now back underway at Arapaima, we are moving directly into the next phase of follow-up work based on the results of our maiden RC campaign," stated Dr. Fernando Tallarico, Chief Executive Officer of Spark Energy Minerals. "This program is intended to improve our understanding of the mineralized system and support the next stage of exploration across the Project."Figures 2 and 3. Spark field crew conducting follow-up RC drilling at the Arapaima Project, with drill rods and RC equipment on site during the current campaign.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/292959_sparkfig2and3.jpgThe Company cautions that the current program remains exploratory in nature and is intended to support ongoing geological interpretation and future exploration planning. There is no certainty that the results of this drilling program will lead to the delineation of a mineral resource.All drilling activities are being carried out in accordance with applicable Brazilian environmental regulations and industry best practices for health, safety, and environmental management.Qualified PersonThe scientific and technical information disclosed in this news release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons), FAusIMM, and Dr. Fernando Tallarico, P.Geo., each a "Qualified Person" as defined under National Instrument?43-101 – Standards of Disclosure for Mineral Projects ("NI?43-101"). Mr.?Hill is a Director of Spark Energy Minerals Inc. and is not independent of the Company. Dr.?Tallarico is the Company's Chief Executive Officer and is likewise not independent of the Company.About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian-listed mineral exploration company with projects in Brazil. The Company's primary focus is the exploration and advancement of its Arapaima Project in Minas Gerais.The Arapaima Project encompasses approximately 91,900 hectares and includes multiple exploration targets under evaluation for lithium, gallium, and rare earth elements. Through systematic exploration and responsible operating practices, Spark aims to advance its understanding of the Project and evaluate its exploration potential.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
2月前
Spark Energy Minerals Advances Arapaima Project with Resumption of RC Drilling and Metallurgical WorkMarch 25, 2026 5:05 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to provide an operational update on exploration activities at its flagship Arapaima Project, located in Padre Paraíso, within Brazil's Lithium Valley.RC DRILLING PROGRAM - COMMENCEMENT AND SCOPEThe Company has mobilized to resume its next Reverse Circulation ("RC") drilling program at the Arapaima Project. The program is designed to include a minimum of 20 drill holes totaling approximately 2,000 metres, with each hole planned to an average depth of 100 metres. Drill holes are expected to be spaced approximately 300 to 400 metres apart and will target three priority exploration areas across the property.Figure 1: Preliminary locations of planned RC boreholes for the approximately 2,000-metre drilling program. A total of 20 boreholes are planned, with an average depth of 100 metres, to support geochemical sampling and metallurgical test work focused on rare earth and gallium mineralization.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/289973_9414b7a984bfe9ed_001full.jpgThe primary objectives of the drilling program are to define and expand the Company's understanding of ionic adsorption clay ("IAC") mineralization hosting Rare Earth Elements ("REE") and Gallium, and to unlock additional exploration targets to support the continued advancement of the Arapaima Project toward a potential maiden inferred mineral resource.This drilling program marks the beginning of an intensive exploration phase for Spark at Arapaima. The Company intends to provide regular updates as laboratory results are received from SGS Geosol. Initial assay results are expected following completion of drilling and laboratory processing, with subsequent results released as they become available, subject to laboratory turnaround times.Analytical results will enable the Company to evaluate anomalous concentrations of REE and gallium and to conduct a more detailed interpretation of the geochemical signature, mineralogy, and geological behavior of the mineralized system.METALLURGICAL TESTING - ANSTO LABORATORYIn parallel with the RC drilling program, Spark is advancing the design of a metallurgical testing of selected samples from drill holes that yielded the most significant results during the Company's previous drilling campaign (see press release dated February 13, 2026).Sample preparation will include logistical planning for shipment to the ANSTO Minerals laboratory in Australia. Samples will be dispatched in batches and prepared as representative aliquots over two-metre intervals from drill holes exhibiting the strongest geochemical responses.The objectives of the metallurgical testing program are to confirm the ionic adsorption clay character of the mineralized horizons and to evaluate preliminary recovery characteristics for REE and gallium along selected drill intercepts.MAIDEN INFERRED MINERAL RESOURCE - PATH FORWARDUpon completion of the RC drilling program and receipt of metallurgical test results, the Company intends to evaluate the technical data necessary to support a future maiden inferred mineral resource estimate prepared in accordance with National Instrument 43-101.Spark is advancing the Arapaima Project in a systematic and disciplined manner, with the objective of establishing a well-defined critical-minerals resource in one of Brazil's most prospective emerging rare-earth districts."Spark is advancing systematically with the objective of a maiden inferred mineral resource at Arapaima. With drilling mobilized across multiple targets and initial metallurgical test work advancing, we are concurrently laying the technical foundation to support a potential future economic assessment at the appropriate time. If successful, this next phase will represent a critical step in translating our exploration results into a defined critical-minerals inventory in Brazil's Lithium Valley," said Dr. Fernando Tallarico, Chief Executive Officer of Spark Energy Minerals.BRAZILIAN GEOLOGICAL SURVEY (SGB) VISITOn March 6 and 7, 2026, the Spark team hosted a group of geoscientists from the Brazilian Geological Survey (SGB), led by Dr. Lucy Takehara Chemale. During the visit, the SGB and Spark teams exchanged technical knowledge on ionic-adsorption clay-hosted rare-earth and gallium mineralization.The SGB team has been conducting regional research on rare earth mineralization environments in Brazil, and the Arapaima Project was of interest as an example of emerging critical minerals exploration within Brazil's Lithium Valley. The visit provided an opportunity to review local geology and discuss ongoing scientific research relevant to the project.Figure 2. The Spark Energy Minerals team, with geoscientists from the Geological Survey of Brazil (SGB), during a technical site visit at the Arapaima Project.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/289973_9414b7a984bfe9ed_002full.jpgQUALIFIED PERSONThe scientific and technical information disclosed in this news release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons), FAusIMM, Vice President Exploration and Director, and Dr. Fernando Tallarico, P.Geo., Chief Executive Officer and Chairman of the Board, each of whom is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Hill is a Director of Spark and is not independent of the Company. Dr. Tallarico is the Chief Executive Officer of Spark and is likewise not independent of the Company.ABOUT SPARK ENERGY MINERALS INC.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential.Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets prospective for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that support electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and to supporting Brazil's development of a transparent and sustainable critical-minerals supply chain.Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
3月前
Spark Energy Minerals Provides Update on Sharing AgreementMarch 19, 2026 7:02 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 19, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), an exploration company focused on the discovery of battery metals in Brazil's prestigious Lithium Valley, at the request of the Canadian Securities Exchange, is providing an update on its sharing agreement dated March 31, 2025 (the "Sharing Agreement") with Sorbie Bornholm LP ("SBLP") previously described in the Company's news releases of April 14, 2025 and May 7, 2025.On April 25, 2025, the Company completed a non-brokered private placement in which it issued 27,636,112 units of the Company ("Units") at a price of $0.072 per unit for gross proceeds of $1,989,800 (the "Offering"). Each Unit was comprised of one Common Share in the capital of the Company and one-half of one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.14 per Common Share for a period of thirty-six months from April 25, 2025.A portion of the Units issued under the Offering, representing gross proceeds of $1,850,000 (the "Proceeds"), raised from SBLP and Sorbie Investments LLP ("SILP") for notional amounts of $871,992 and $978,008, respectively, were held in escrow pursuant to the Sharing Agreement. At closing of the Offering, the Company received an initial release of $160,000 (the "Initial Release") and SBLP was paid a corporate finance fee of $111,000 through the issuance of 1,541,667 Units. Pursuant to the Sharing Agreement, the remainder of the Proceeds (being $1,690,000) would be released to the Company in 12 monthly settlements (each, a "Settlement"), measured against a benchmark price of $0.1182 (the "Benchmark Price"). The actual cash paid out under each Settlement is determined based on a volume weighted average price for 20 trading days prior to each Settlement ("20 Day VWAP"). If the measured share price is above the Benchmark Price, the Company receives more than 100% of the expected Settlement amount. However, if the measured share price is below the Benchmark Price, the Company receives less than 100% of the Settlement payment. At the time of a Settlement, the 20 Day VWAP is equal to the Benchmark Price of $0.1182, the Company would receive a Settlement of $140,833.33. As a result, the Company may ultimately receive more or materially less than the original proceeds of $1,850,000. The final amount received will depend on the Company's future share price, which is subject to market fluctuations and may vary over time. Accordingly, there is no assurance as to the total amount the Company will receive under the Sharing Agreement.The following Settlements have been paid to the Company since the Initial Release: Settlement DateSettlement AmountMay 23, 2025$90,749June 24, 2025$74,706July 23, 2025$66,880August 25, 2025$56,968September 23, 2025$40,142October 23, 2025$44,055November 23, 2025$46,924December 23, 2025$44,968January 23, 2026$40,795February 23, 2026$74,054Total$580,241 As of today, no Units are held in escrow in connection with the Sharing Agreement and there are two Settlement payments remaining. About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
3月前
Spark Energy Minerals Comments on Recent Disclosure Pursuant to CIRO's RequestMarch 12, 2026 6:25 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") has been requested by the Canadian Investment Regulatory Organization to issue this news release to clarify certain disclosure included in the Company's January 9, 2026, corporate presentation, in news releases dated February 10, 2026, and February 13, 2026, and in certain promotional materials published on a third-party platform, which were paid for and disseminated on behalf of the Company (collectively, the "Disclosure"). Investors should not place undue reliance on any prior Disclosure that is inconsistent with the clarifications set out in this news release. Spark remains committed to transparent, NI 43-101-compliant disclosure as it advances exploration at the Arapaima Project.TREE/MREO Values Certain of the Disclosure presented assay results using total rare earth elements ("TREE") and magnet rare earth oxides ("MREO") values, as well as gallium intercept grades. TREE and MREO values are not directly measured by assaying, and presenting total rare earth element content as a single figure does not account for differences in economic significance, distribution, metallurgical behavior, and potential recoverability of each contributing element. Presenting the assay results this way creates a rare earth element equivalent grade that assumes 100% recovery of all component elements in the calculation. Spark must complete additional testing to determine the recovery rates of each of the components used to calculate the MREO and TREE values in the Disclosure. Investors should not rely on previously disclosed TREE or MREO values and the Company retracts all prior TREE/MREO figures pending metallurgical test work. For clarity, any previously disclosed gallium intercepts or grades should be interpreted only with full NI 43-101 context (e.g., sampling/analytical methods, QA/QC, true widths, and relevant uncertainties). To the extent gallium figures were presented without such context or in a manner implying economic extraction or recoveries, investors should not rely on those presentations.Adjacent Properties The Arapaima Project is an exploration property and is not yet at the stage of a mineral resource or an economic analysis. The existence of lithium, rare earth elements, or gallium deposits on nearby properties is not necessarily indicative of mineralization at the Arapaima Project. The performance and market capitalizations of other companies with more advanced projects in proximity to the Arapaima Project are not indicative of the Company's future performance, and no inference should be drawn from such comparisons. References in prior Disclosure comparing Arapaima to adjacent or nearby projects, including comparisons to resource stage or production stage companies, were not compliant with NI 43-101 and should not be relied upon. Statements in the prior Disclosure referencing the performance, market capitalization, or geological characteristics of nearby companies should not be interpreted as indicating, suggesting, or implying that Arapaima contains similar mineralization, resources, or economic potential.Promotional CommentaryCertain Disclosure included promotional materials disseminated on behalf of the Company which contained certain speculative and unbalanced commentary. The Company acknowledges that it is responsible for the content of promotional materials paid for and disseminated on its behalf, including those published on third-party platforms. Statements referencing geopolitical developments or government policy reflected general industry commentary and were not intended to convey specific expectations about the Company's prospects; investors should not place undue reliance on such statements. Further, statements suggesting that further exploration of the Arapaima Project may result in the development of mineral resources or mineral reserves are overly promotional and should not be relied upon. There is no certainty that continued exploration will result in the discovery of an economically viable mineral deposit. The Company has implemented enhanced review procedures to ensure that all promotional materials disseminated on its behalf are reviewed for compliance with applicable securities laws prior to publication.The Company encourages investors to refer to Spark's updated investor presentation, dated March 3, 2026, which can be accessed on the Company's website at www.sparkminerals.co. Review by a Qualified PersonThe scientific and technical information disclosed in this news release has been reviewed and approved by Dr. Fernando Tallarico, P.Geo., Chief Executive Officer and Chairman of the Board, a Qualified Person as defined by NI 43-101. Going forward, the Company intends to have all technical and promotional disclosure reviewed by a Qualified Person and by the Company's legal and compliance team, as applicable, prior to dissemination. The Company's management team intends to review all investor-facing materials prior to release to ensure compliance with NI 43-101 and to prevent the recurrence of non-compliant or promotional disclosure. The Company will strive to provide balanced, factual, and NI 43-101-compliant technical information in its disclosure, and will refrain from using TREE/MREO values or analogies to nearby deposits absent appropriate supporting data.About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
3月前
Spark Energy Minerals Announces Closing of Private PlacementMarch 10, 2026 2:08 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce that further to its news releases dated February 26, 2026 and February 27, 2026, the Company has further upsized and closed its previously announced non-brokered private placement (the "Private Placement") of units of the Company (each, a "Unit") at an issue price of $0.06 per Unit. Due to strong investor demand, the Private Placement was increased from 9,166,666 Units to the issuance of 9,666,000 Units for gross proceeds of $579,960.Each Unit consists of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder to purchase one Share for a period of three years from the date of issue at an exercise price of $0.07.The net proceeds of the Private Placement will be used to advance exploration work at the Arapaima Project in Brazil's Lithium Valley and general working capital. All securities issued in connection with the Private Placement are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. No finder's fees were payable in connection with the Private Placement.None of the securities issued under the Private Placement have been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.As a result of the Private Placement, Wealins S.A. ("Wealins") acquired 7,500,000 Units for $0.06 per Unit or a total consideration of $450,000 and is an "insider" of the Company as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Prior to the Private Placement, Wealins beneficially owned and controlled 10,000,000 Shares and 10,000,000 Warrants representing approximately 5.32% of the outstanding Shares on a non-diluted basis and 10.11% on a partially diluted basis assuming the exercise of such Warrants. Following the completion of the Private Placement, Wealins beneficially owns and controls 17,500,000 Shares and 17,500,000 Warrants representing approximately 8.86% of the outstanding Shares on a non-diluted basis and 16.28% on a partially-diluted basis assuming the exercise of such Warrants.The Units were acquired by Wealins for investment purposes. Wealins has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. The participation by Wealins is considered a related party transaction within the meaning of MI 61-101. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to Wealins nor the consideration for such securities will exceed 25% of the Company's market capitalization.A copy of Wealins's early warning report will appear on the Company's profile on SEDAR+ and may also be obtained by calling Wealins's office at +352 43 74 35 200 (12 Rue Léon Laval, 3372 Leudelange, Luxembourg).Warrant Incentive Program ClarificationThe Company would also like to issue a correction to its news release dated February 24, 2026, to clarify that it received aggregate proceeds of $1,801,465.35 from the exercise of 36,029,307 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 Incentive Program, the Company issued a total of 36,029,307 common shares and 36,029,307 incentive warrants (the "Incentive Warrants"). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 1 year from the date of issuance, at a price of $0.06 per share.About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
3月前
Spark Energy Minerals Announces Upsizing of Private Placement to $550,000February 27, 2026 7:01 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce that due to strong investor demand, it intends to increase the size of its previously announced non-brokered private placement to up to $550,000 (the "Offering"). The Offering will consist of up to 9,166,667 units of the Company (each, a "Unit") sold at a price of $0.06 per Unit.Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one Share at a price of $0.07 for a period of three years from the closing date of the Offering. The proceeds of the Offering will be used to advance exploration work at the Arapaima Project in Brazil's Lithium Valley and general working capital. All securities to be issued pursuant to the Offering will be subject to a statutory four-month and one day hold period. Finder's fees may be payable in connection with the Offering, all in accordance with the policies of the Canadian Securities Exchange.None of the securities sold under the Offering have been or will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
3月前
Spark Energy Minerals Announces Receipt of $1.7 Million from Warrant ExercisesFebruary 24, 2026 7:10 PM
NewsfileVancouver, 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 Incentive Program, the Company issued a total of 34,699,307 common shares and 34,699,307 incentive warrants (the "Incentive Warrants"). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 1 year from the date of issuance, at a price of $0.06 per share. Spark CEO, Dr. Fernando Tallarico, commented: "I wish to thank all the shareholders that participated in the Warrant Incentive program. The proceeds will subsidize the continuity of our successful exploration efforts in the Lithium Valley."Spark expects to use the proceeds received from the exercise of the warrants for advancing exploration activities and general working capital. All warrants that were not exercised under the Incentive Program will remain outstanding and continue to be exercisable for common shares of the Company on their original terms, other than the warrants originally issued on January 31, 2024, which have now expired. The Incentive Warrants, and any shares issuable on the exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the Incentive Warrants. Participation in the Incentive Program by an officer of the Company (the "Related Party") constituted a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Notwithstanding the foregoing, the directors of the Company have determined that the Related Party's participation in the Incentive Program is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before closing of the Incentive Program as participation by the Related Party was not known at that time.About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
4月前
Spark Delivers Shallow Magnet Rare Earths Up To 33% MREO and Gallium from Surface in All Five Maiden Drill HolesFebruary 13, 2026 12:16 PM
Newsfile100% of Maiden Holes Intersect Critical Magnet Rare Earth and Gallium MineralizationVancouver, British Columbia--(Newsfile Corp. - February 13, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to report the final assay results from its maiden Reverse Circulation ("RC") drill program at the Arapaima Project in Brazil's Lithium Valley.All five maiden drill holes intersected broad rare earth ("REE") and gallium ("Ga") mineralization from surface to the bottom of the drilled interval. These results represent the complete assay data from all five first-pass holes — not selected samples — and the consistent mineralization across 100% of drilling provides early evidence of a laterally continuous critical minerals system. Further drilling will be required to determine the full depth extent of mineralization.Rare Earth (TREO) Highlights - Magnet Rare Earth Oxides (MREO) up to 33%78 m grading 2,430 ppm TREO (21% MREO)Including 10 m at 4,522 ppm TREO (25% MREO)Including 2 m at 6,682 ppm TREO (33% MREO)34 m grading 2,690 ppm TREO (22% MREO)Including 4 m at 4,373 ppm TREO (24% MREO)Including 6 m at 4,355 ppm TREO (21% MREO)28 m grading 2,031 ppm TREO (21% MREO)16 m grading 1,851 ppm TREO (22% MREO)16 m grading 1,353 ppm TREO (22% MREO)These intervals reflect broad and consistent rare earth mineralization encountered in every hole of the maiden drill program. The repetition of similar thicknesses and grades across all five first-pass holes supports the interpretation of a coherent and laterally continuous mineralized system, rather than isolated high-grade zones.Importantly, magnet rare earth oxides ("MREO") — including neodymium, praseodymium, dysprosium, and terbium — comprise up to 33% of TREO across the maiden drill program. These magnet elements represent the most strategically significant segment of the rare earth spectrum, forming the core components of high-performance permanent magnets used in electric vehicles, wind turbines, aerospace systems, robotics, and defense technologies. As governments and manufacturers seek to diversify supply chains amid tightening export controls and supply concentration, projects demonstrating meaningful magnet rare earth content have attracted increased strategic interest.Gallium Intersected from Surface in All Five Maiden Holes94 m grading 63 g/t Ga2O3 from surface54 m grading 46.45 g/t Ga2O3 from surface58 m grading 52 g/t Ga2O3 from surface46 m grading 49.10 g/t Ga2O3 from surface44 m grading 47 g/t Ga2O3 from surfaceThe presence of gallium mineralization beginning at surface in every drill hole underscores the near-surface character of the system and its emerging strategic importance. Gallium is a critical input in advanced semiconductors, AI processing architecture, high-frequency radar systems, and LED technologies. With global supply highly concentrated and subject to export restrictions, new gallium discoveries outside traditional supply channels have attracted increased strategic interest.Figure 1: Maiden RC drill hole locations and selected near-surface rare earth and gallium intercepts at the Arapaima Project. Yellow lines, labeled A-A', B-B', and C-C', indicate cross-sections shown in Figures 2 to 4.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283843_fig1spark.jpgDrill Hole SpacingThe five maiden drill holes were spaced at meaningful step-out distances, with an average separation of approximately 380 metres. The closest spacing between holes was 301 metres (between ARA-RC-002 and ARA-RC-004), and the widest spacing was 423 metres (between ARA-RC-002 and ARA-RC-003).The consistent intersection of magnet rare earth and gallium mineralization across holes separated by several hundred metres strengthens the interpretation of a laterally continuous mineralized system across a meaningful footprint.Maiden Drilling Confirms Continuous Critical Minerals SystemThe five-hole RC program represents the first drilling campaign ever conducted on Spark's flagship Arapaima Project. Such uniformity in a first-pass program supports the interpretation of lateral continuity across the tested area — a notable outcome in early-stage drilling. The results support the interpretation that Arapaima hosts a coherent and vertically developed supergene mineralized system formed through deep tropical weathering of granitic host rocks."Intersecting magnet rare earths and gallium in all five of the first drill holes ever completed on the property provides compelling early evidence of a coherent and systematic mineralized footprint," said Dr. Fernando Tallarico, CEO of Spark Energy Minerals. "The consistent vertical zoning and strong magnet rare earth content reinforce the strategic significance of the Arapaima Project within Brazil's Lithium Valley. We look forward to advancing the next phase of drilling to better define the footprint and depth extent of mineralization."While additional drilling will be required to determine the full extent of the system, the maiden results demonstrate repeatable mineralization across all five tested locations, strengthening confidence in the underlying geological model.Drill Hole InformationThe maiden RC drill program comprised five vertical reverse circulation drill holes (dip 90°). Drill hole collar locations, depths, azimuths, and sample interval information are summarized below:Hole IDProjectTargetDrill
TypeEnd
DepthEastingNorthingRLDatumSurvey
MethodARA-RC-001ArapaimaCruzetaRC582358958114216937SIRGAS2000 24SGPSARA-RC-002ArapaimaCruzetaRC442359448113829960SIRGAS2000 24SGPSARA-RC-003ArapaimaCruzetaRC942355168113932957SIRGAS2000 24SGPSARA-RC-004ArapaimaCruzetaRC462362278113938948SIRGAS2000 24SGPSARA-RC-005ArapaimaCruzetaRC542351578114025975SIRGAS2000 23SGPS Continuous Gallium-to-MREO Zonation ConfirmedThe cross-sections below provide a visual representation of the geological profile encountered during drilling. In every hole, drilling began in gallium-rich material at surface and transitioned into a thick rare earth-bearing zone at depth. The repetition of this pattern across all five drill holes provides visual evidence supporting the interpretation of a continuous and vertically developed mineralized system.Figure 2: Cross-section A-A' highlighting the mineralized intercepts in holes ARA-RC-001 and -003.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283843_fig2spark.jpgFigure 3: Cross-section B-B' highlighting the mineralized intercepts in holes ARA-RC-002 and -004.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283843_fig3spark.jpgFigure 4: Cross-section C-C' highlighting the mineralized intercepts in hole ARA-RC-005.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283843_fig4spark.jpgBrazil's Lithium Valley - A Strategic JurisdictionThe Arapaima Project is located in Brazil's Lithium Valley, a region that has rapidly gained international recognition for lithium, rare earth, and critical mineral discoveries. Brazil has rapidly emerged as a globally significant jurisdiction for lithium, rare earth, and critical mineral exploration. The country offers established mining legislation, infrastructure, skilled labour, and increasing strategic alignment with Western supply chain diversification efforts. As global demand for magnet rare earths and gallium intensifies, Brazil's Lithium Valley continues to attract international attention as a prospective and active critical minerals district.Corporate Update - Warrant Incentive ProgramSpark reminds holders that its previously announced warrant repricing and exercise incentive program (the "Incentive Program") remains in effect until February 22, 2026 at 5:00 p.m. (Vancouver time).During the Incentive Period, eligible warrant holders may exercise their warrants at a reduced price of $0.05 per warrant. In addition, for each warrant exercised under the Incentive Program, the Company will issue one additional common share purchase warrant (an "Incentive Warrant") exercisable for one year from the date of issuance at an exercise price of $0.06 per share.Eligible holders are encouraged to act prior to the February 22, 2026 deadline to ensure they benefit from the reduced pricing and additional Incentive Warrant.Maiden Drill Program - Detailed Assay ResultsTable 1. Drill Hole 1 - Assay ResultsSample IDFromToCeO2
ppmDy2O3
ppmGa2O3
g/tGd2O3
ppmNb2O5
ppmN2O3
ppmPr6O11
ppmSm2O3
ppmTb4O7
ppmY2O3
ppmTREO
ppmMREO
ppmMREO
%NdPr
ppmDyTb
ppmARA-RC001-0010.002.00301.708.2959.1511.4182.9786.7829.5317.511.5640.00645.27143.6322.26116.319.85ARA-RC001-0022.004.00248.517.1065.879.4287.2671.5024.0314.151.2936.94533.13118.0422.1495.538.40ARA-RC001-0034.006.00143.975.0771.255.9294.4147.0014.268.580.8626.91328.9875.7523.0361.265.93ARA-RC001-0046.008.00122.234.2273.944.69101.5741.1712.327.190.6823.18284.1765.5723.0853.504.91ARA-RC001-0058.0010.00102.083.4579.313.48111.5827.648.744.520.5421.31226.1344.8819.8536.384.00ARA-RC001-00610.0012.00113.013.3372.593.2398.7126.718.694.290.4919.75235.0343.5018.5135.403.82ARA-RC001-00712.0014.00117.193.1672.592.86103.0024.387.834.170.4618.73233.4039.9917.1332.213.61ARA-RC001-00814.0016.00144.582.3251.082.3577.2522.747.253.480.3913.89248.7336.1714.5429.992.71ARA-RC001-00916.0018.00192.242.3236.302.8754.3635.5711.504.750.3511.14335.9654.4916.2247.082.67ARA-RC001-01018.0020.00181.192.0033.612.6347.2133.8211.284.410.339.87324.6651.8315.9645.112.33ARA-RC001-01120.0022.00169.642.3437.642.4157.2229.7410.274.170.3612.78324.9546.8814.4340.012.71ARA-RC001-01222.0024.00131.931.6332.261.8647.2120.066.733.010.268.66232.1731.6913.6526.791.89ARA-RC001-01324.0026.00175.051.3040.331.4954.3615.984.422.320.207.72243.1624.219.9620.401.50ARA-RC001-01426.0028.00181.561.5145.711.6555.7915.985.092.320.218.03263.9525.109.5121.071.73ARA-RC001-01528.0030.00288.431.6443.021.9851.5010.156.342.900.248.84369.8921.265.7516.491.88ARA-RC001-01630.0032.00648.232.4251.083.5475.8232.1916.376.260.3512.01890.6957.586.4748.562.77ARA-RC001-01732.0034.00513.962.9843.025.2751.5070.2232.469.280.5112.101155.83115.419.99102.683.49ARA-RC001-01834.0036.00599.706.6248.3913.0064.37149.7653.9820.641.3923.011427.06232.3316.28203.758.01ARA-RC001-01936.0038.00919.4618.2149.7435.4152.93404.03108.9454.393.9653.392345.54589.3725.13512.9822.18ARA-RC001-02038.0040.00888.017.7959.1514.0565.80134.0249.2824.241.5428.731431.01216.8115.15183.309.33ARA-RC001-020-A38.0040.00820.207.7153.7713.9557.22137.4049.7124.001.5427.981367.18220.3016.11187.109.25ARA-RC001-02140.0042.00847.357.4357.8012.2564.37147.0854.9125.281.3826.521379.90236.0117.10201.998.80ARA-RC001-02242.0044.00860.136.9753.7712.4858.65210.8879.7734.441.3424.671507.44333.3022.11290.658.31ARA-RC001-02344.0046.001261.2016.9461.8432.2378.68509.94143.5963.663.3672.612818.08737.2826.16653.5320.30ARA-RC001-02446.0048.002030.4234.3660.4962.6151.50895.66265.16118.287.10126.224741.191320.1827.841160.8241.47ARA-RC001-02548.0050.00929.7844.3749.7464.2454.36550.65142.3981.407.94289.582879.95826.5128.70693.0352.31ARA-RC001-02650.0052.00781.1432.5647.0548.0950.07450.69119.4364.595.80207.982372.83672.8828.36570.1238.36ARA-RC001-02752.0054.001126.8127.3149.7442.3752.93490.11130.0766.564.98168.992736.92718.8326.26620.1932.29ARA-RC001-02854.0056.00702.7714.1441.6725.2144.35273.6389.7944.992.8362.421683.23425.2725.27363.4316.97ARA-RC001-02956.0058.00689.5014.9440.3326.3342.92302.0994.7046.622.9661.131736.91461.1826.55396.7917.91 Table 2. Drill Hole 2 - Assay ResultsSample IDFromToCeO2
ppmDy2O3
ppmGa2O3
g/tGd2O3
ppmNb2O5
ppmN2O3
ppmPr6O11
ppmSm2O3
ppmTb4O7
ppmY2O3
ppmTREO
ppmMREO
ppmMREO
%NdPr
ppmDyTb
ppmARA-RC002-0010.002.00189.796.2161.847.8788.6972.4322.1912.411.1233.60460.19114.3324.8494.637.33ARA-RC002-0022.004.00134.264.9267.225.4590.1245.0215.028.350.7825.44320.9874.0723.0860.045.70ARA-RC002-0034.006.00143.855.2367.226.5097.2761.3518.729.740.8928.56373.8095.9125.6680.076.13ARA-RC002-0046.008.00137.345.0867.226.0192.9855.7516.569.280.8227.47350.1387.4824.9872.325.91ARA-RC002-0058.0010.0091.393.2047.053.5064.3730.569.835.680.5317.07220.9949.7922.5340.393.73ARA-RC002-00610.0012.0084.391.8536.302.0445.7817.386.113.130.299.73168.0828.7617.1123.492.14ARA-RC002-00712.0014.00111.171.7232.261.8952.9319.605.112.440.206.84202.2329.0514.3724.711.92ARA-RC002-00814.0016.0071.121.8429.572.1171.5320.887.833.480.299.42185.8934.3118.4628.712.13ARA-RC002-00916.0018.0098.271.6940.332.0165.8021.938.813.130.298.04241.3235.8414.8530.741.98ARA-RC002-01018.0020.0078.741.4545.711.6367.2317.156.742.550.268.28204.3828.1413.7723.891.70ARA-RC002-01120.0022.0090.902.1047.052.5782.9721.936.784.060.3415.02188.9235.2018.6328.712.44ARA-RC002-01222.0024.00107.982.0948.392.5765.8026.718.414.170.3812.80223.0241.7518.7235.122.47ARA-RC002-01324.0026.00163.132.7545.713.8772.9635.8111.076.380.4621.12314.2156.4517.9746.873.21ARA-RC002-01426.0028.00311.522.6345.714.0568.6642.6919.788.350.4715.05574.7673.8912.8662.473.10ARA-RC002-01528.0030.00262.392.0945.715.3458.6566.4822.8512.290.478.69508.06104.1520.5089.332.56ARA-RC002-01630.0032.001120.189.5449.7420.4268.66335.45101.4045.342.0626.312244.09493.6422.00436.8511.60ARA-RC002-01732.0034.00761.367.6751.0813.3474.39152.3360.7827.951.5328.541437.55250.1817.40213.119.20ARA-RC002-01834.0036.00437.067.3549.7411.1670.1098.6835.7620.411.3828.26834.40163.5219.60134.448.72ARA-RC002-01936.0038.00647.4912.5449.7419.6264.37191.4065.0638.272.5947.441262.47309.7724.54256.4615.13ARA-RC002-02038.0040.00816.5230.1545.7144.4758.65394.00102.8865.405.80144.022075.92598.0628.81496.8835.95ARA-RC002-020-A38.0040.00780.8928.4444.3641.6758.65366.4896.0962.155.33136.371962.70558.3328.45462.5633.77ARA-RC002-02140.0042.00431.1728.0040.3337.5241.48222.5463.5846.505.05170.011284.70365.5728.46286.1233.05ARA-RC002-02242.0044.00152.696.4733.619.0127.1866.1318.9612.291.2036.10394.32105.0326.6385.097.67 Table 3. Drill Hole 3 - Assay ResultsSample IDFromToCeO2
ppmDy2O3
ppmGa2O3
g/tGd2O3
ppmNb2O5
ppmN2O3
ppmPr6O11
ppmSm2O3
ppmTb4O7
ppmY2O3
ppmTREO
ppmMREO
ppmMREO
%NdPr
ppmDyTb
ppmARA-RC003-0010.002.0066.212.8564.532.6487.2619.136.253.250.4016.83156.9831.8620.3025.373.25ARA-RC003-0022.006.0084.643.3267.223.4991.5530.799.034.870.5319.90209.1748.5223.2039.823.85ARA-RC003-0036.008.0090.663.3576.633.27101.5728.699.194.640.5319.76221.2246.3920.9737.893.88ARA-RC003-0048.0010.00121.863.5379.313.31117.3030.3310.094.640.5221.83261.9049.0918.7440.414.05ARA-RC003-00510.0012.00109.573.9080.663.45113.0131.149.984.990.5824.61252.6750.5720.0241.124.48ARA-RC003-00612.0014.00161.173.6576.633.17113.0131.6110.835.220.5521.18311.7351.8416.6342.434.20ARA-RC003-00714.0016.00220.623.4267.223.27105.8625.7811.765.100.5119.56371.5146.5512.5337.533.93ARA-RC003-00816.0018.00317.303.5267.223.69104.4330.5615.145.910.5318.68503.2255.6511.0645.704.05ARA-RC003-00918.0020.00378.963.6568.563.92111.5834.5217.666.960.5418.59592.1163.3210.6952.194.19ARA-RC003-01020.0022.00441.864.0271.254.33118.7339.5420.687.420.6020.46690.6772.2410.4660.224.62ARA-RC003-01122.0024.00518.384.1773.944.86121.5950.0425.369.040.6420.52820.7489.2210.8775.404.80ARA-RC003-01224.0026.00576.864.9173.945.38124.4561.1231.7010.320.7224.41978.79108.7411.1192.825.63ARA-RC003-01326.0028.00515.314.4669.905.24120.1663.3333.549.970.6620.86937.24111.9411.9496.875.12ARA-RC003-01428.0030.00511.754.2967.225.54115.8776.1637.7611.020.7120.34987.54129.9013.15113.925.00ARA-RC003-01530.0032.00128.614.0182.003.53113.0130.3310.384.640.5624.31275.8249.9018.0940.704.57ARA-RC003-01632.0034.00144.094.0180.663.39118.7331.6111.125.100.5922.34298.1852.4117.5842.724.59ARA-RC003-01734.0036.00113.263.5980.663.23110.1529.639.864.750.5222.81253.3348.3419.0839.484.11ARA-RC003-01836.0038.00703.506.6768.569.53120.16156.9972.0720.061.1228.291523.69256.8416.86229.067.79ARA-RC003-01938.0040.00987.276.4051.089.00114.4436.1659.9317.860.9527.351586.50121.277.6496.087.36ARA-RC003-02040.0042.00678.575.7856.469.01101.57139.9761.9818.091.0125.061402.32226.7716.17201.956.80ARA-RC003-020-A40.0042.00652.655.6652.438.6488.69136.2359.9117.280.9822.951352.04220.0016.27196.156.63ARA-RC003-02142.0044.00535.463.6863.185.6672.9677.5635.4010.780.6115.95987.74128.0112.96112.964.30ARA-RC003-02244.0046.00877.815.7567.2210.0978.68162.0167.6220.761.0523.111707.97257.1115.05229.636.80ARA-RC003-02346.0048.00752.036.2171.2510.6770.10142.4155.0220.641.1125.811411.60225.3315.96197.447.31ARA-RC003-02448.0050.001263.0411.4480.6620.5757.22377.32115.4748.592.2143.412486.97554.8722.31492.7913.65ARA-RC003-02550.0052.001942.3515.6179.3129.4168.66595.90170.0275.143.0653.273640.04859.4723.61765.9218.67ARA-RC003-02652.0054.002550.7726.7984.6950.7462.94861.84268.16115.845.4581.005064.841277.7025.231130.0032.23ARA-RC003-02754.0056.001529.2430.0979.3153.4987.26793.02247.16109.356.1092.024005.801185.3829.591040.1836.20ARA-RC003-02856.0058.001896.7740.2080.6671.7387.26960.63296.25141.018.30123.464678.401445.9730.911256.8848.51ARA-RC003-02958.0060.002936.8628.9282.0051.5497.27685.95188.6590.915.6087.465221.67999.7319.15874.5934.52ARA-RC003-03060.0062.001047.4626.7369.9045.3188.69537.93148.5079.555.4793.382737.16797.9529.15686.4332.20ARA-RC003-03162.0064.001068.7127.8468.5647.2590.12576.42160.4782.685.49107.742842.76852.6629.99736.9033.34ARA-RC003-03264.0066.002203.7552.7679.3185.20127.32972.76287.94149.3610.14225.695148.451472.5228.601260.7062.90ARA-RC003-03366.0068.001132.7130.7747.0548.8487.26567.44153.4983.615.95129.422917.94841.0228.82720.9336.72ARA-RC003-03468.0070.001807.9628.2849.7443.9771.53528.14141.2775.265.29117.213454.69778.0122.52669.4133.57ARA-RC003-03570.0072.002053.1595.6163.18147.2787.261448.41432.27225.4318.70459.776682.042219.7833.221880.68114.32ARA-RC003-03672.0074.001185.7749.9855.1276.2294.41686.30191.35104.489.76248.063712.281041.5828.06877.6559.74ARA-RC003-03774.0076.001912.8644.4355.1267.9197.27738.20218.55107.158.40193.944328.521116.4025.79956.7552.82ARA-RC003-03876.0078.001430.1036.6948.3953.5092.98578.87156.6884.306.77171.503346.79863.0725.79735.5543.47ARA-RC003-03978.0080.00985.4227.8743.0241.1472.96481.48134.3869.695.03113.182605.38718.2427.57615.8632.90ARA-RC003-04080.0082.00803.3722.1740.3335.8141.48397.73112.3559.374.34103.022188.98595.8027.22510.0926.51ARA-RC003-040-A80.0082.00764.4321.5538.9835.2545.78405.08113.1558.564.2799.222149.92602.4428.02518.2325.82ARA-RC003-04182.0084.001056.0635.8948.3955.7780.11627.28185.8094.047.00167.923099.94949.7330.64813.0742.89ARA-RC003-04284.0086.001054.2139.6644.3659.5280.11643.49193.3494.747.36174.033231.67978.3130.27836.8347.03ARA-RC003-04386.0088.001101.3857.0538.9873.6471.53584.94152.2391.389.90379.653349.02895.2626.73737.1766.95ARA-RC003-04488.0090.00989.8430.4836.3040.6871.53382.46103.0056.475.27207.882414.59577.5223.92485.4535.75ARA-RC003-04590.0092.00857.4220.1534.9529.3667.23303.2687.1646.383.7594.101921.23460.5823.97390.4223.91ARA-RC003-04692.0094.00942.9220.8136.3029.8170.10347.4695.3650.333.8395.842113.63517.6524.49442.8324.64 Table 4. Drill Hole 4 - Assay ResultsSample IDFromToCeO2
ppmDy2O3
ppmGa2O3
g/tGd2O3
ppmNb2O5
ppmN2O3
ppmPr6O11
ppmSm2O3
ppmTb4O7
ppmY2O3
ppmTREO
ppmMREO
ppmMREO
%NdPr
ppmDyTb
ppmARA-RC004-0010.002.00256.496.9183.358.46117.3078.3826.8713.571.0935.52568.91126.7922.29105.258.00ARA-RC004-0022.004.00154.664.7572.595.90100.1461.2318.709.390.7924.81380.4594.8424.9379.945.54ARA-RC004-0034.006.00271.725.6276.637.65105.8681.0628.5713.451.0128.07583.11129.6922.24109.646.64ARA-RC004-0046.008.00276.765.5456.467.8681.5480.1327.9013.800.9826.61578.65128.3122.17108.036.52ARA-RC004-0058.0010.00230.332.9845.713.4064.3727.9911.485.680.4615.61369.4348.5813.1539.473.44ARA-RC004-00610.0012.00160.062.2644.362.3671.5322.046.953.480.3312.33262.6235.0513.3528.992.59ARA-RC004-00712.0014.00113.382.1338.982.2874.3919.255.863.250.3312.20208.0530.8114.8125.102.46ARA-RC004-00814.0016.00132.912.2240.332.0688.6916.335.353.010.3312.67220.8227.2312.3321.682.54ARA-RC004-00916.0018.00199.122.2347.051.78110.159.333.552.090.2912.85260.9317.496.7012.882.52ARA-RC004-01018.0020.00245.682.2848.391.72103.002.683.662.090.2813.22303.7711.003.626.342.57ARA-RC004-01120.0022.00220.132.9557.801.83123.021.752.771.970.3417.06270.569.783.614.523.29ARA-RC004-01222.0024.00240.772.4447.051.49118.73-2.131.620.2913.85---2.132.74ARA-RC004-01324.0026.00347.512.5649.741.52143.05-1.961.510.2714.74---1.962.83ARA-RC004-01426.0028.00288.922.3144.361.50101.57-2.731.860.2712.69---2.732.58ARA-RC004-01528.0030.00268.902.5444.361.60125.89-2.321.740.2814.30---2.322.82ARA-RC004-01630.0032.00396.288.9340.3312.15114.44122.5944.9522.261.5934.31886.26200.2622.60167.5310.52ARA-RC004-01732.0034.00556.718.2643.0211.68123.02127.3748.9622.731.4533.951039.27208.7020.08176.329.71ARA-RC004-01834.0036.00678.3211.5238.9818.55103.00199.6874.0535.602.2640.551488.73323.0221.70273.7313.78ARA-RC004-01936.0038.00395.427.3544.369.52123.0291.3333.4917.631.2830.67750.07151.0320.14124.828.63ARA-RC004-02038.0040.00800.9212.4449.7417.22158.79159.0957.9131.082.2748.611418.95262.7218.51217.0014.71ARA-RC004-020-A38.0040.00731.8811.7449.7416.36123.02146.8553.3228.762.0744.321282.09242.6718.93200.1613.81ARA-RC004-02140.0042.001260.5843.8341.6762.2690.12660.75177.22100.658.23203.583444.24990.4028.76837.9752.06ARA-RC004-02242.0044.001065.8838.3837.6455.4188.69555.43169.6081.527.45186.643010.47852.1328.31725.0245.82ARA-RC004-02344.0046.001026.8237.1636.3052.1885.83499.44135.3774.106.90184.082770.15752.7627.17634.8144.07 Table 5. Drill Hole 5 - Assay ResultsSample IDFromToCeO2
ppmDy2O3
ppmGa2O3
g/tGd2O3
ppmNb2O5
ppmN2O3
ppmPr6O11
ppmSm2O3
ppmTb4O7
ppmY2O3
ppmTREO
ppmMREO
ppmMREO
%NdPr
ppmDyTb
ppmARA-RC005-0010.002.0087.833.2172.592.85104.4322.167.083.360.4719.38201.0436.2818.0529.243.68ARA-RC005-0022.004.00131.193.2229.573.8044.3535.2211.065.680.5416.61268.1655.7120.7846.283.77ARA-RC005-0034.006.00117.442.2733.612.5150.0723.097.743.590.3611.90226.2537.0616.3830.842.64ARA-RC005-0046.008.00171.613.3433.613.5671.5329.9810.994.990.5217.55320.0249.8015.5640.973.86ARA-RC005-0058.0010.00231.552.9637.642.7081.5413.187.703.480.4116.73351.1427.727.8920.883.37ARA-RC005-00610.0012.00360.173.4843.022.64104.435.726.673.130.4420.05470.0319.424.1312.383.91ARA-RC005-00712.0014.00330.933.2136.302.1095.84-3.892.090.3919.00---3.893.60ARA-RC005-00814.0016.00359.434.4543.022.48103.00-3.672.090.5325.69---3.674.98ARA-RC005-00916.0018.00363.363.2143.021.9884.40-3.691.970.3618.24---3.693.58ARA-RC005-01018.0020.00491.853.8044.362.2280.11-3.302.200.4421.17---3.304.23ARA-RC005-01120.0022.00479.087.2941.679.3775.8282.1133.4715.771.2532.69830.97139.8516.83115.588.53ARA-RC005-01222.0024.00688.5212.0944.3618.4962.94199.4571.9034.092.3148.411414.42319.7422.61271.3514.39ARA-RC005-01324.0026.00597.2513.0630.9219.6341.48212.7575.1937.802.4154.291346.08341.1125.34287.9315.47ARA-RC005-01426.0028.00905.2112.9738.9822.0468.66252.2985.0842.442.5656.891850.08395.2321.36337.3715.53ARA-RC005-01528.0030.002484.0723.0861.8440.0098.71681.28236.7784.884.40111.564709.151030.1221.87918.0527.48ARA-RC005-01630.0032.001596.6726.1760.4946.39103.00735.05250.8093.705.33116.364038.271110.7227.50985.8531.50ARA-RC005-01732.0034.00514.9511.7455.1219.0098.71152.5652.2728.182.2947.711169.49246.9721.12204.8314.03ARA-RC005-01834.0036.002762.5528.2361.8445.37123.02604.07194.4676.885.16137.884884.17908.5418.60798.5333.40ARA-RC005-01936.0038.002217.1420.8857.8032.45101.57409.05116.6853.343.7891.233617.62603.5416.68525.7224.65ARA-RC005-02038.0040.001935.2232.9259.1557.2098.71870.70282.11113.416.82126.464565.851305.5828.591152.8239.74ARA-RC005-020-A38.0040.001904.6332.8659.1555.8088.69868.95289.56115.156.74122.604564.901312.8728.761158.5139.60ARA-RC005-02140.0042.001142.9023.5256.4638.8198.71472.85136.8660.074.54113.892866.59697.6424.34609.7128.06ARA-RC005-02242.0044.001294.2420.0655.1231.6688.69357.7394.3846.503.9083.962452.64522.4321.30452.1123.97ARA-RC005-02344.0046.001449.0255.3951.0882.9288.69886.33263.38131.0410.72266.854205.071346.4632.021149.7166.10ARA-RC005-02446.0048.00908.4030.4945.7145.3374.39502.36132.4470.045.87151.622483.84740.9929.83634.8036.36ARA-RC005-02548.0050.00798.0917.9837.6427.5568.66316.2087.2943.373.4188.841825.90468.1325.64403.5021.40ARA-RC005-02650.0052.00775.9821.0840.3331.7071.53351.6693.9350.104.09104.911894.75520.7127.48445.5925.18ARA-RC005-02752.0054.00696.3817.7338.9826.1568.66243.0776.7439.893.3688.871583.58380.7024.04319.8221.10 NotesMREO: Defined as the combined oxides of Nd + Pr + Dy + Tb. "% of TREO" represents MREO divided by TREO × 100.TREO (Total Rare Earth Oxides): Defined as the sum of the following oxides: CeO2, Dy2O3, Er2O3, Eu2O3, Gd2O3, Ho2O3, La2O3, Lu2O3, Nd2O3, Pr6O11, Sm2O3, Tb4O7, Tm2O3, Yb2O3.Qualified Person Statement (NI 43-101)The planning and execution of the QA/QC program for the borehole samples from the Arapaima drilling program included placing a blank at the beginning of each batch (each batch corresponds to one borehole), before analysis of the first sample.Two standard samples were inserted every 15 samples, and a duplicate was taken every 20 samples. The specifications for the standard samples are attached. The samples were collected at 2m intervals, and using a Jones splitter, the samples were reduced to an aliquot of approximately 2kg for laboratory analysis and another of approximately 1kg for project archiving.Analytical Procedures & LaboratoryThe samples were sent to the SGS Geosol Ltda laboratory, located on the MG-10 highway at km 24.5 in the Angicos neighbourhood, Vespasiano/MG. The laboratory is independent and has no relationship with the project or the company. The SGS Geosol laboratory is ISO 14001-2015 certified (certified on 11/09/2023) and ISO 9001-2015 certified (certified on 10/07/2024). Samples were prepared by crushing 75% 3 mm/pulverizing 250 g, 95%
CA Market News
4月前
Spark's Maiden Drilling Delivers 78-Meters Rare Earth Intercept Grading 2,430 ppm TREO and 94-Meters Grading 63 g/t Ga2O3February 10, 2026 2:06 PM
NewsfilePeak interval of 2 meters grading 6,682 ppm TREO with 33% MREOVancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to report strong drill results from its maiden Reverse Circulation ("RC") program at the Arapaima Project in Padre Paraíso, northern Minas Gerais State, Brazil, highlighting thick, near-surface rare earth and gallium mineralization. Final laboratory assays confirm extensive, continuous rare earth element ("REE") and gallium ("Ga") mineralization from surface, with grades and continuity consistent with an ionic-adsorption clay ("IAC")-style system. IAC-style deposits are globally recognized as a critical source of heavy rare earths used in permanent magnets and advanced technologies.These results are based on final assays from the first three drill holes completed as part of Spark's maiden five-hole Reverse Circulation ("RC") drill program at the Arapaima Project. Assays from the remaining two drill holes are pending and will be reported once received."These initial drill results confirm the presence of thick, near-surface rare earth and gallium mineralization at Arapaima and validate our exploration model," said Dr. Fernando Tallarico, Chief Executive Officer of Spark Energy Minerals. "As maiden, first-pass discovery holes, the results demonstrate the presence of a laterally extensive mineralized system and support continued drilling to evaluate the lateral extension and scale of this mineralized system."Figure 1: Maiden RC drill hole locations and selected near-surface rare earth and gallium intercepts at the Arapaima Project.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283454_366cec2cc48358b7_002full.jpgHighlightsThick clay-rich weathering profiles and REE-Ga distribution support an ionic-adsorption clay ("IAC")-style system.Hole ARA-RC003 returned 78 m grading 2,430 ppm TREO (21% MREO) from 16 mIncluding 10 m grading 4,522 ppm TREO (25% MREO) from 50 mIncluding 2 m grading 6,682 ppm TREO (33% MREO) from 70 mIncluding 2 m grading 5,148 ppm TREO (28% MREO) from 64 m94 m grading 63 g/t Ga2O3 from surfaceHole ARA-RC001 returned 28 m grading 2,031 ppm TREO (21% MREO) from 30 mIncluding 2 m grading 4,741 ppm TREO (27% MREO) from 46 mIncluding 6 m grading 2,663 ppm TREO (27% MREO) from 48 m58 m grading 52 g/t Ga2O3 from surfaceHole ARA-RC002 returned 16 m grading 1,353 ppm TREO (22% MREO) from 26 mIncluding 2 m grading 2,244 ppm TREO (22% MREO) from 30 mIncluding 2 m grading 2,075 ppm TREO (28% MREO) from 38 m44 m grading 47 g/t Ga2O3 from surfaceExploration Results and Geological InterpretationAssay results from the first three RC drill holes completed at the Arapaima Project confirm the discovery of thick, high-grade REE and gallium mineralization hosted within clay-rich weathering profiles. The consistent distribution of REEs, combined with the clay-hosted nature of the mineralization, supports the interpretation of an ionic-adsorption clay ("IAC")-style system, a recognized source of heavy rare earth elements.All three maiden drill holes intersected broad, continuous intervals of REE mineralization, highlighting the continuity and thickness of the mineralized system. Notably, Hole ARA-RC003 returned 78 m of continuous mineralization grading 2,430 ppm TREO, including multiple high-grade internal intervals with grades reaching 6,682 ppm TREO, demonstrating both notable thickness and internal grade enrichment.The mineralization is further distinguished by a high proportion of magnet rare earth oxides ("MREO"), reaching up to 33% of the total rare earth basket, underscoring the presence of the rare earth elements used in permanent magnet technologies. MREO is defined as the combined oxides of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb).In addition to REE mineralization, gallium mineralization was intersected in all three drill holes, with thick, near-surface intervals. The longest gallium intercept returned 94 m grading 63 g/t Ga2O3 from surface, including individual samples grading up to 84 g/t Ga2O3, highlighting the emergence of a multi-commodity critical-minerals system at Arapaima.Drill Hole InformationThe maiden RC drill program comprised five vertical reverse circulation drill holes (dip 90°). Drill hole collar locations, depths, azimuths, and sample interval information are summarized below:Hole IDProjectTargetDrill
TypeEnd
DepthEastingNorthingRLDatumSurvey
MethodARA-RC-001ArapaimaCruzetaRC582358958114216937SIRGAS2000 24SGPSARA-RC-002ArapaimaCruzetaRC442359448113829960SIRGAS2000 24SGPSARA-RC-003ArapaimaCruzetaRC942355168113932957SIRGAS2000 24SGPSARA-RC-004ArapaimaCruzetaRC462362278113938948SIRGAS2000 24SGPSARA-RC-005ArapaimaCruzetaRC542351578114025975SIRGAS2000 23SGPS Regional Setting and Land PositionThe Arapaima Project is located in the Padre Paraíso region of northern Minas Gerais State, within Brazil's Lithium Valley, a recognized district for lithium and critical minerals. This region has gained international recognition as a prospective corridor for critical minerals, supported by favourable geology, established infrastructure, and a mining-friendly regulatory environment.Spark controls one of the largest and most contiguous land positions in the district, exceeding 91,000 hectares, providing substantial upside potential to expand the mineralized footprint well beyond the initial drill areas tested to date.Project Pipeline and Exploration UpsideIn addition to the REE-gallium discovery at Arapaima, Spark has identified four drill-ready lithium-bearing pegmatite targets within its broader land package. These targets have been prioritized for follow-up diamond drilling as part of a staged, district-scale exploration strategy.The Company is actively evaluating strategic and non-dilutive financing alternatives to accelerate advancement of both the REE-Ga discovery and its lithium exploration pipeline, with the objective of rapidly building on the momentum generated by the Company's maiden drill program.Qualified Person Statement (NI 43-101)The planning and execution of the QA/QC program for the borehole samples from the Arapaima drilling program included placing a blank at the beginning of each batch (each batch corresponds to one borehole), before analysis of the first sample.Two standard samples were inserted every 15 samples, and a duplicate was taken every 20 samples. The specifications for the standard samples are attached. The samples were collected at 2m intervals, and using a Jones splitter, the samples were reduced to an aliquot of approximately 2kg for laboratory analysis and another of approximately 1kg for project archiving.Analytical Procedures & LaboratoryThe samples were sent to the SGS Geosol Ltda laboratory, located on the MG-10 highway at km 24.5 in the Angicos neighbourhood, Vespasiano/MG. The laboratory is independent and has no relationship with the project or the company. The SGS Geosol laboratory is ISO 14001-2015 certified (certified on 11/09/2023) and ISO 9001-2015 certified (certified on 10/07/2024).Samples were prepared by crushing 75% 3 mm/pulverizing 250 g, 95%
CA Market News
4月前
Spark Announces Completion of Maiden Drill Campaign in Brazil's Lithium Valley and Provides Corporate UpdateFebruary 6, 2026 4:05 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 6, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to provide an update on its maiden reverse circulation ("RC") drill campaign at the Arapaima Project in Brazil's Lithium Valley. The Company also provides an update on its previously disclosed warrant incentive program, recent marketing and investor awareness initiatives, and certain corporate governance matters.Maiden Drill Campaign Completed - Arapaima Project, BrazilSpark has successfully completed its maiden drill campaign at the Arapaima Project, located near the Cruzeta community approximately 7 kilometres from the city of Padre Paraíso, Minas Gerais, Brazil.The drill program was originally designed as a three-hole, approximately 300-metre first-pass campaign to test priority near-surface targets identified through earlier surface geochemical sampling. Based on favourable drilling conditions and strong operational progress in the field, the program was expanded and completed with five RC drill holes totaling 296 metres, providing broader initial coverage across the target area.Figure 1: Reverse circulation drilling at Spark Energy Minerals' Arapaima Project in Brazil's Lithium Valley during the Company's maiden drill campaign.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/283069_cb17e933e4a4f824_002full.jpgThe maiden RC drill campaign represents the first phase of Spark's broader, staged exploration strategy at the company's flagship Arapaima Project.The completed drill holes are summarized as follows:ARA-RC-001: 58 metresARA-RC-002: 44 metresARA-RC-003: 94 metresARA-RC-004: 46 metresARA-RC-005: 54 metresDrilling targeted areas characterized by thick saprolite developed from the physical weathering of granitic rocks correlated to the Caladão Granite, which is widespread in the Padre Paraíso region and has been the focus of prior surface geochemical sampling for rare earth elements. The local terrain comprises a plateau with elevations ranging from approximately 920 to 960 metres.The RC drilling methodology proved effective within the developed saprolitic profile, eliminating the need for water in the drilling fluid and enabling efficient field operations. Sample recovery ranged between 85% and 100% across the program. Access to drill sites was excellent due to proximity to existing infrastructure and the nearby city of Padre Paraíso.Pulverized and chip samples were collected at 2-metre intervals during drilling. Samples were quartered using a Jones splitter, with approximately 2 kilograms submitted for laboratory analysis and 1 kilogram retained for reference. A comprehensive QA/QC protocol was implemented, including the insertion of blanks, duplicates, and certified reference materials at regular intervals.All samples were securely packaged, transported by Spark's geology team, and submitted to the SGS Geosol laboratory for chemical analysis. Logging of all drill holes has been completed, and the Company is currently awaiting analytical results.Warrant Incentive Program Reached Mid-PointSpark announces that its previously announced warrant incentive program (the "Incentive Program") has reached its mid-point. The Company encourages all eligible warrant holders to consider exercising their warrants during the remaining two weeks of the Incentive Program, which is scheduled to conclude on February 22, 2026 at 5:00 p.m. (Pacific time). During the Incentive Program, eligible warrant holders benefit from a reduced exercise price of $0.05 per warrant. In addition, the Company will grant to each holder who exercises their warrants during the Incentive Program one additional common share purchase warrant for each warrant exercised (each, an "Incentive Warrant"). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 1 year from the date of issuance, at a price of $0.06 per share. For further details on the Incentive Program, please refer to the Company's news release dated January 21, 2026. Engagement of Pinnacle Capital Markets Ltd.The Company is also pleased to announce that it has entered into a digital marketing and awareness program agreement (the "Marketing Agreement") dated February 15, 2026 with Pinnacle Capital Markets Ltd. / TheInvestorsColiseum.com ("Pinnacle"), an arm's length party with respect to the Company. Pursuant to the Marketing Agreement, Pinnacle has agreed to provide digital marketing and awareness services to the Company for an initial term of one year, with automatic renewal thereafter unless terminated in accordance with the Marketing Agreement. The services will include development and coordination of a digital marketing awareness platform, dissemination of publicly available information regarding the Company and its activities, digital advertising and marketing to the financial and investing community, and enhancement of the Company's digital footprint and social media presence across multiple platforms.In consideration for the services, the Company has agreed to pay Pinnacle $4,500 per month. In addition, the Company has agreed to grant to Pinnacle options to purchase an aggregate of 200,000 common shares of the Company at an exercise price of $0.05 per share, exercisable for a period of three years from the date of grant, subject to approval of the Canadian Securities Exchange and in accordance with the Company's stock option plan.Pinnacle's contact information is as follows: email: spyros@theinvestorscoliseum.com, telephone: +1.416.433.5696, business address: 36 Lombard Street, Floor 4, Toronto, ON M5C 2X3.Spyros P. Karellas is the principal of Pinnacle and will be responsible for all services provided by Pinnacle to the Company. Engagement of bullVestor Medien GmbHThe Company is also pleased to announce that it has entered into an agency agreement (the "Agreement") dated February 5, 2026 with bullVestor Medien GmbH Gutenhofen ("bullVestor"), an arm's length party with respect to the Company, to provide advertising and marketing services to the Company in the Republic of Austria, Germany and Switzerland for an initial term of one month commencing on February 5, 2026 and concluding on March 5, 2026. The services will include advertising consulting on market strategy, advertising design and creation for print and online media, and direct marketing campaigns. In consideration for the services, the Company has agreed to pay bullVestor CAD $50,000 for the one-month term.bullVestor's contact information is as follows: email: kontact@bullvestor.at, telephone: +43 (0) 7435 44077, business address: Gutenhofen 4, 4300 St. Valentin, Austria.Helmut Pollinger is the principal of bullVestor and will be responsible for all services provided by bullVestor to the Company.Corporate Update - Board of DirectorsThe Company also announces that Ms. Wendy Chan has resigned as a director of Spark, effective January 8, 2026. The Company thanks Ms. Chan for her contributions during her tenure and wishes her continued success in her future endeavours. Spark is currently evaluating potential candidates to fill the resulting vacancy on its Board of Directors and will provide further updates as appropriate.About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
CA Market News
4月前
Spark Energy Minerals Announces Warrant Expiry Date Extension in Connection with Its Warrant Incentive ProgramJanuary 30, 2026 7:41 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTCID: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce that the Canadian Securities Exchange has approved an extension of the expiry date of 2,241,668 common share purchase warrants originally issued on January 31, 2024 (the "January Warrants") from January 31, 2025 to February 22, 2026. The extension aligns the expiry of the January Warrants with the end of the Company's previously announced warrant incentive program (the "Incentive Program"), providing holders of the January Warrants with additional time to participate in the Incentive Program before its conclusion on February 22, 2026. During the Incentive Program, the January Warrants have a reduced exercise price of $0.05. In addition, the Company will grant to each holder who exercises their January Warrants during the Incentive Program one additional common share purchase warrant for each January Warrant exercised (each, an "Incentive Warrant"). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 1 year from the date of issuance, at a price of $0.06 per share. All other terms of the Incentive Program remain unchanged. For further details on the Incentive Program, please refer to the Company's news release dated January 21, 2026. About Spark Energy Minerals Inc.Spark Energy Minerals Inc. is a Canadian company advancing the exploration and development of critical minerals essential to the clean-energy transition. The Company's primary focus is Brazil, where it controls a significant land position within the country's emerging Lithium Valley - a region recognized for its lithium, gallium, and rare-earth potential. Spark's flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization. Through systematic exploration, Spark aims to help strengthen the secure and sustainable supply of minerals that power electrification, renewable energy, and modern technologies. The Company is committed to responsible exploration practices and supporting Brazil's development of a transparent, sustainable critical-minerals supply chain.Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Spark Energy Minerals Inc.
Attn: Dr. Fernando Tallarico, Chief Executive Officer
Email:
AveragePenny
8月前
Spark Energy Minerals Reports New Lithium and Gallium-REE Assay Results from Flagship Brazil Project
New assays define three >1,000 ppm lithium anomalies at Cruzeta and expand the gallium-REE footprint at Caladão.
Vancouver, British Columbia -- October 17, 2025 - Spark Energy Minerals Inc. (CSE: SPRK) (OTCID: SPARF) (FSE: 8PC) reports new assay results from 103 surface samples collected at its flagship Arapaima Project in Brazil's Lithium Valley. The new results expand known lithium anomalies and support ongoing drill planning at the Cruzeta, Água Branca, Grota do Maquém, and Caladão targets. These results, together with the ongoing exploration work - including mapping, geochemical analysis, and sampling - further support the definition of high-priority critical-mineral drill targets.
Batch Highlights:
Three lithium anomalies exceeding 1,000 ppm Li defined from surface rock samples at Cruzeta.
Stream-sediment sample at the Caladão Target returned total rare earth oxide (TREO) values above 10,000 ppm (1%), extending the anomalous footprint southward.
Samples were analyzed by SGS Geosol (Vespasiano, MG, Brazil), an internationally certified laboratory suitable for resource and reserve reporting. Preparation and analytical methods were selected by sample type; stream-sediment and rock/core samples were prepared and analyzed under SGS's standard protocols, and Spark's QA/QC program included routine blanks, duplicates, and certified reference standards.
The Company is finalizing logistics and permitting for its initial diamond drill program at the Cruzeta, Água Branca, and Grota do Maquém lithium targets, and for air-core or reverse-circulation drilling at the gallium-REE Caladão Target, located adjacent to recent publicly reported ionic-clay gallium and REE discoveries developed over the Caladão Granite. Drill targeting will be guided by ongoing geochemical interpretation and field mapping. Initial drilling will test the subsurface continuity of lithium-bearing pegmatites and gallium-REE mineralization zones identified through surface sampling and mapping. With multiple anomalies now defined and drill planning underway, Spark's exploration team is preparing to advance its first subsurface testing program within the district.
"Our ongoing exploration work has clearly delineated key lithium and gallium-rare-earth targets," said Eugene Hodgson, CEO. "The correlations we're observing between lithium and key pathfinder elements, particularly at Cruzeta and Grota do Maquém, provide a strong technical foundation for our first-phase drilling. We're now advancing permitting and logistics to begin as soon as practicable."
Note: Full assay tables are available in the original press release on the company website.
AveragePenny
9月前
**Spark Energy Minerals Validates Priority Lithium and Gallium-REE Drill Targets at Arapaima Project in Brazil's Lithium Valley
https://www.newsfilecorp.com/release/266765
Vancouver, British Columbia - September 17, 2025
Spark Energy Minerals Inc. (CSE: SPRK) (OTCID: SPARF) (FSE: 8PC) is pleased to report significant progress at its flagship Arapaima Project in Brazil's Lithium Valley. Recent exploration work — including mapping, geochemical analysis, and sampling — has confirmed high-priority lithium and gallium-rare earth element (REE) drill targets.
The Company is now advancing logistics, surface access agreements, and permitting in preparation for aggressive diamond drilling at Cruzeta, Água Branca, and Grota do Maquém lithium targets, as well as air-core and/or reverse circulation drilling at its rapidly emerging gallium-REE Caladão Target.
CEO Commentary
Eugene Hodgson, CEO of Spark Energy Minerals, emphasized: "Our thorough exploration efforts, which include mapping, sampling, and geochemical assaying, have clearly defined our primary drill targets for both lithium and gallium-rare earth elements (REE). The strong correlation between lithium and essential pathfinder elements, along with the unique fractionated pegmatite signatures, especially noted at the Cruzeta and Grota do Maquém targets, highlights the significant potential of our tenements."
"Additionally, we are excited to push forward with our Caladão Rare Earths Target, located near a recently announced resource and displaying notably high gallium and REE values. We are committed to moving ahead with the necessary permitting and logistics to start drilling as soon as possible, unlocking the full potential of our projects."
Exploration Highlights
Exploration activities to date have resulted in:
• 123 pegmatite occurrences mapped across 31 km of strike
• Reconnaissance and stream sediment sampling completed across approximately 55% of 65 drainage basins
• 75% of surveyed basins have reported lithium and pathfinder elements, including niobium, rubidium, tantalum, cesium, tin, and rare earth anomalies requiring detailed follow-up
• Surface sampling has outlined an extensive 4,500-hectare zone over the Caladão Granite with anomalous gallium and rare earth element (REE) values
Priority Lithium Targets
Three high-priority lithium targets — Cruzeta, Água Branca, and Grota do Maquém — have been identified, where lithium is strongly correlated with pathfinder elements (Cs, Sn, Rb). This geochemical association is typical of fertile lithium-cesium-tantalum pegmatites (LCT) and spodumene-rich pegmatites (SRP). These targets represent the most advanced lithium prospects within Spark's 91,900-hectare Arapaima Project.
Contour maps show lithium closely associated with manganese, a relationship further supported by the field identification of the mineral lithiophorite. This indicates that lithium has been naturally remobilized from primary sources, such as spodumene — a common process in deep tropical weathering environments like Arapaima — reinforcing the potential for lithium mineralization at depth.
Principal Component Analysis (PCA) shows that lithium consistently occurs alongside key pathfinder elements, including rubidium, thallium, manganese, tin, cesium, niobium, and tantalum. These correlations are classic indicators of fertile, lithium-bearing pegmatites and provide a strong foundation for drill targeting.
Cesium Analysis - Key Indicator
Recent discoveries in Brazil's Lithium Valley have shown that cesium can occur at potentially economic grades within lithium-rich pegmatites. Typically, cesium values above 10 ppm are considered anomalous, with values exceeding 50 ppm strongly indicative of advanced fractionation and favourable conditions for lithium mineralization.
At Arapaima, rock-chip samples from Grota do Maquém and especially the Cruzeta target have returned cesium values above 50 ppm, reaching 267 ppm. These results reinforce Spark's priority focus on drill testing these highly prospective targets.
When cesium values exceed 50 ppm, they are strongly associated with elevated levels of other key pathfinder elements — including rubidium (up to 5,000 ppm), lithium (up to 1,500 ppm), tantalum (up to 90 ppm), and thallium (up to 20 ppm). This geochemical signature is characteristic of highly fractionated, lithium-fertile pegmatites and reinforces the potential at Arapaima.
K/Rb Ratio Analysis
K/Rb ratios are a proven exploration tool, with values below 150 indicating strong fractionation and higher lithium potential. The lower the ratio, the greater the likelihood of spodumene-rich pegmatites.
At Arapaima, all three of Spark's priority targets returned K/Rb ratios under 150, with Cruzeta standing out at below 20 — a clear signal of highly fractionated pegmatites and strong lithium prospectivity.
Caladão Gallium and Rare Earths Target
Axel REE has recently reported a maiden JORC-compliant gallium resource and noted that a rare earth resource estimate for the same area is expected to be released in the coming weeks.
Spark controls more than 4,500 hectares of contiguous ground within the fertile Caladão Granite Complex — directly adjacent to Axel's discovery. Surface sampling across Spark's ground has already returned anomalous gallium and REE values. In anticipation of Axel's forthcoming REE resource, Spark is preparing an air-core/reverse circulation drilling program to test the potential extension of Axel's mineralization onto Spark's licenses.
Next Steps
Spark's exploration team is preparing logistics and permitting to begin drilling at its priority lithium and rare earth targets. With priority targets confirmed and groundwork well advanced, the Company is on track to launch its first significant drill program in Brazil's Lithium Valley — a transformative step toward unlocking the full potential of Arapaima.
About Spark Energy Minerals Inc.
Spark Energy Minerals Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of battery metals projects. The Company's flagship Arapaima Project is located in Brazil's emerging Lithium Valley.
Stock Symbols: CSE: SPRK | OTCID: SPARF | FSE: 8PC
This news release contains forward-looking statements. Please refer to the full disclaimer regarding forward-looking statements and other important disclosures.
petunia1
9年前
July 6th 2017
Maxtech Signs Strategic Agreement with Maringá Ferro-Liga S.A of Brazil
Vancouver, British Columbia – July 6th 2017 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) is pleased to announce that it has signed a strategic cooperation agreement with Maringá Ferro-Liga S.A of Brazil.
Maxtech’s goal is to become a diversified mining company with a high-grade manganese footprint. The primary business programhas been the assembly and acquisition of key mineral projects for future exploration. In Brazil, Maxtech has positioned itself with more than 50,000 hectares of potential high grade Mn mineralization claims, as previously disclosed in its release of May 4th 2017.
The Company’s long term strategy is to grow organically by building a vertical mining operation to sell high-grade manganese to global markets focused on renewable energy, steel production and fertilizers with Mn additives to increase plant/crop fertility.
Maxtech has entered into an agreement with Maringá Ferro-Liga to enable the joint evaluation, exploration and potential acquisition of project specific manganese assets in Brazil, and if justified, to engage in the development and mining of specific claims. Maxtech and Maringa will sign project-specific agreements between the parties prior to engaging in any operations on properties.The agreement shall have a term of 3 years and is non-exclusive.
Peter Wilson, CEO Maxtech said, “Maringá is a diversified industry leader in the uses of manganese in Brazil, making it the perfect partner for Maxtech. Under this association Maxtech hopes to develop more than an exploration partner, enabling the Company to explore, mine and distribute manganese in Brazil with an industry leader.”
Luis Pessoa, Commercial Director from Maringá Ferro-Liga said, “Having a reliable and local source of high grade manganese ore is an important competitive advantage to Maringá. The cooperation agreement with Maxtech enables us to profit from their well recognized know-how to research and explore potential areas in Brazil.”
About Grupo Maringá
Founded in 1946, Grupo Maringá now has over 2,000 employees with over USD $200 million in 2016 revenues. The Maringá companies are located in the states of Paraná and São Paulo. They produce sugar cane, sugar, ethanol, energy and manganese alloy. Maringá Ferro-Liga S.A. is a subsidiary of Grupo Maringá and is located in Itapeva, State of São Paulo. It is the second largest manganese ferroalloy producer in South America, producing high quality silico-manganese and high-carbon ferromanganese.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
Phone: 604-484-8989
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
Certain statements contained in this release may constitute “forward–looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information
petunia1
9年前
Maxtech Ventures Inc. to Attend the IMnI International Manganese Institute Annual Conference
VANCOUVER, BC--(Marketwired - June 02, 2017) - Maxtech Ventures Inc. (CSE: MVT)(CSE: MVT.CN)(CNSX: MVT)(FRANKFURT: M1N)(OTC PINK: MTEHF), ("Maxtech" or the "Company")
Is pleased to announce that the Company will attend the global International Manganese Institute ("IMnI") Annual Conference in Miami, Florida, USA on June 5th to June 7th.
Maxtech will join more than 120 delegates at the IMnl conference in Miami. The Company will be one of very few Canadian representatives. Glencore International AG, Ferroglobe, Maringa Ferro Ligas, United Manganese of Kalahari, are just a few companies being showcased at the conference which will be attended by global manganese leaders traveling from South Africa, Japan, Singapore, Germany, Brazil to highlight just a few of the participating countries. It is a conference not only focused on networking amongst industry peers, but informative break out educational sessions led by the institute directors and professionals in the field to discuss the manganese industry evolution and its increasingly fast pace growth trajectory and affect on many industries and the worldwide green energy revolution.
Peter Wilson, CEO of Maxtech, states, "As Maxtech continues to broaden its direct interests in the manganese industry globally, it is imperative we know who all the players are. The IMnI is a 42 year old association of the industry itself and there is no better way to get involved than to attend their annual event and meet companies that are both upstream and downstream from Maxtech in the manganese supply chain. Maxtech is an exploration company acquiring only the highest grade managense assets with a goal of becoming one of the largest Mn stakeholders in the world."
About International Manganese Institute
The International Manganese Institute (IMnI) is a not-for-profit industry association that represents manganese ore and alloy producers, manufacturers of metallurgical products or chemical compounds, trading houses, industry service providers, companies involved in Mn business development, universities and research organizations around the world. Founded in 1975, with headquarters in Paris, France, IMnI's mission is to provide vision and guidance to the Mn industry by promoting economic, social and environmental responsibility and sustainability to all stakeholders.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
MaxTech Ventures Inc.
Email: info@maxtech-ventures.com
Phone: 604-484-8989
petunia1
9年前
Maxtech Expands Phase 2 Exploration Due to High-Grade Manganese Assay Results
2017-05-18 00:15 PT - News Release
Maxtech Expands Phase 2 Exploration Due to High-Grade Manganese Assay Results
VANCOUVER, BC--(Marketwired - May 18, 2017) - Maxtech Ventures Inc. (CSE: MVT)(CSE: MVT.CN)(CNSX: MVT)(FRANKFURT: M1N)(OTC PINK: MTEHF), ("Maxtech" or the "Company") is pleased to report that it is expanding exploration activities on Juina claims in Mato Grosso, Brazil.
Maxtech's auger drilling program is being rapidly expanded and carried out on the pre-selected zone at the DNPM 866 271/2017, focusing on sub surface occurrences of manganese bearing cobble horizons up to 60 cm in thickness. Details of the high-grade manganese analyses were announced by the Company in a news release on April 28th. , showing assay values of 52.9% Mn, 55.9% and 51.5% Mn. Additional follow-up with drilling and prospecting near positive holes from Phase 1 exploration will continue. Basic topographic surveys of areas with positive results, combined with a series of lateral holes to address continuity and tonnage will be part of this next phase of work on the ground in Juina.
Due to the positive results the Company will be adding to the team in Brazil immediately. Mapping and delineation of the mineralised zones in addition to the ongoing prospecting is key to future exploration activities on the Juina claims and other acquisitions in Brazil.
Peter Wilson, CEO of Maxtech said, "In order to capitalize on the recent exploration success on our Juina claims it is imperative we expand the scope of our operations. Our Brazilian team is already finding new areas with exactly the same type of mineralisation we encountered previously. We anticipate phase 2 results in the coming weeks."
The technical information contained in this news release has been reviewed and approved by Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech's manganese projects as defined under National Instrument 43-101.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, and financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Peter Wilson
Email: info@maxtech-ventures.com
Phone: 604-484-8989
petunia1
9年前
Maxtech Video Update
http://bit.ly/2p5nOYR
U-MTEHF) - News Release
Maxtech Ventures Reports High-Grade Results from Manganese Project in Brazil - Video Available on Investmentpitch.com
2017-05-05 08:38 PT - News Release
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2017) - Maxtech Ventures (CSE: MVT) (FSE: M1N) (OTC Pink: MTEHF) announced initial high-grade results from its manganese project in Brazil.
Phase I exploration of surface and sub-surface sample results from pitting and auger drilling returned a range of 51.4% to 55.9% manganese. As these are selected samples, they are not necessarily representative of the mineralization.
InvestmentPitch.com has produced a "video" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Maxtech" in the search box. The video is also available on YouTube.
Cannot view this video? Visit:
http://www.investmentpitch.com/video/0_5cqo8m0l/Maxtech-Ventures-CSE-MVT-announced-initial-high-grade-results-from-its-manganese-project-in-Brazil
Surface exploration by the company's prospecting team uncovered previously unknown manganese bearing clasts and cobbles.
Peter Wilson, CEO, stated: "Maxtech has now amassed approximately 57,000 hectares of exploration claims in Brazil, which is one of the largest manganese mineral exploration claim sets in the country. In addition to entering our second stage of exploration in Brazil, the Company is actively reviewing potential acquisitions outside of Brazil in Northern Africa and Europe."
Brazil has 10% of global manganese reserves, with manganese being the 4th most widely used metal worldwide. Nearly 90% of manganese output is used in the steel industry, but its applications also include the manufacture of fertilizers, animal food and cars.
Maxtech plans to procure the highest grade possible, which can be used in the Lithium Manganese Dioxide batteries, which contain 4% lithium, 61% manganese and 35% oxygen by atomic weight.
The company announced a non-brokered private placement, and plans to raise up to $2 million through an offering of up to 5 million units at a price of $0.40 per unit. Each unit consists of 1 share and 1 warrant, with each warrant exercisable at $0.50 in the first year and $0.60 in the second year, subject to an acceleration clause, should the shares trade higher than $0.70 for a 14 day period.
The shares are trading at $0.48 and with 45.6 million shares currently outstanding, the company is capitalized at $21.9 million.
For more information, please visit www.maxtech-ventures.com, contact Peter Wilson at 604-330-3119 or email info@maxtech-ventures.com.
About InvestmentPitch Media
Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
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Bassman101
9年前
Maxtech Ventures samples up to 55.9% Mn in Brazil
Maxtech Ventures Inc (2)(OTC:MTEHF) (C:MVT)
Shares Issued 48,786,448
Last Close 5/1/2017 $0.445
Thursday May 4 2017 - News Release
An anonymous director reports
MAXTECH SAMPLES HIGH-GRADE MANGANESE IN BRAZIL PHASE 1 EXPLORATION
Maxtech Ventures Inc. has released initial results of its exploration showing strong indications of high-grade manganese mineralization on its claim in the state of Mato Grosso.
Phase I exploration of surface and sub-surface sample results from the pitting and auger drilling showed a range of 51.4 to 55.9% grade of manganese. Surface exploration by our prospecting team uncovered previously unknown manganese bearing clasts and cobbles. Our prospectors initiated a pitting program with hand dug pits and the contents were sifted with manganese bearing clasts separated and collected leaving the soil and other clasts behind. With the manganese clasts retained, the pits were filled in and the surface returned to a natural state. The analyses was done by SGS Geosol Laboratorios LTDA., Belo Horizonte, Brazil and represented in the table below.
*The selected samples are not necessarily representative of the mineralisation. The grab samples from these pits were sieved and/or screened but they are not composite samples.
Sample ID XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C PHY01E
SiO2 Al2O3 Fe2O3 CaO MgO TiO2 P2O5 Na2O K2O Mn BaO LOI
% % % % % % % % % % % %
BRANCO_PREP >99 <0,1 1.81 <0,01 <0,1 <0,01 <0,01 <0,1 <0,01 <0,008 <0,01 0.21
MLB 01 7.57 2.06 1.75 0.08 0.12 <0,01 0.042 <0,1 0.21 52.9 3.08 11
MLB 02 5.72 1.51 0.9 0.07 <0,1 0.03 0.042 <0,1 0.14 55.9 1.63 11.58
MLB 03 1.76 2.5 0.52 0.08 <0,1 0.02 0.033 <0,1 0.05 51.5 10.4 10.05
MLB 02 -- -- -- -- -- -- -- -- -- -- -- 11.57
SG_079 -- -- -- -- -- -- -- -- -- -- -- 6.32
MLB 03 1.74 2.47 0.52 0.08 <0,1 0.03 0.012 <0,1 0.05 51.4 10.4 --
SRM25D 2.51 5.24 3.91 0.08 0.12 0.13 0.251 <0,1 0.89 51.7 0.21 --
The technical information contained in this news release has been reviewed and approved by Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech's manganese project as defined under National Instrument 43-101.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd.
petunia1
9年前
Manganese – The Third Electric Vehicle Metal & No One Is Talking About It! Here’s How To Take Advantage
Palisade Research March 24, 2017
Category: Research
A Brief Manganese Primer
Highlights
• Manganese is a critical and irreplaceable element used in steel production;
• The steel industry is poised to continue growing, providing a steady source of demand for manganese;
• Significant additional upside will come from clean-energy applications;
• Vertically-integrated companies will be primary drivers of the forward momentum in the manganese industry, which at this point is concentrated and in need of disruption.
Lithium and cobalt have been on an absolute tear, riding the wave of Tesla and the broader electric revolution. There is another metal, however, used widely as a battery component that has received less notice from the markets. That metal is manganese (Mn), a chemical element that is normally found together with iron.
Since the beginning of 2016, cobalt’s price has jumped 120%, lithium has moved up 77%, and manganese has recorded a 42% gain. While all three metals have seen their prices rise recently, it appears that manganese has been outshined by its two fellow EV metal counterparts. We believe this situation will change quickly, as demand for manganese is set to outpace supply, especially for higher-grade materials found only in specific corners of the globe.
Introduction – Manganese Is Critical
Manganese is an essential ingredient steel. And according to the US Geological Survey’s (USGS) Mineral Resources Program, the United States is completely dependent on manganese imports; it has no production facilities of its own. The US needs about 500,000 tons (1.1 billion pounds) of manganese per year, the majority of which is consumed by the steel industry.
Acutely aware of this situation, and the fact that most of the world’s manganese is produced by just a few countries (some of which are risky jurisdictions), the USGS has deemed manganese a “critical mineral.” A critical mineral is one defined as being essential to the economy, as well as being at significant risk of incurring supply interruptions. The USGS has also singled out manganese because of its importance due to its increasing use in emerging technologies.
Solid Growth in Demand
In steel production, manganese serves the important function of removing oxygen and sulphur when iron ore is converted into iron. It is also used as an alloy that increases both the strength and flexibility of steel. In ore production, about 30% of the manganese is used to refine ore and about 70% is used as an alloy in the final product.
Manganese is not on the radar of many investors, but it is widely used in metallurgy. In fact, it is the fourth most commonly used metal by tonnage – after iron, aluminum, and copper. And during the past ten years, the world has generally produced increasing amounts of steel every year.
Between now and 2020, the International Manganese Institute projects that the global steel industry will continue growing at a clip of about 2% annually.
The United States is expected to lead the way in 2017, with a projected 4.4% increase in steel production. This number is expected to surge even further as President Trump turns his attention towards pushing legislation for a $1 trillion infrastructure plan.
In addition to the steel industry, manganese is also utilized in animal feed and fertilizers, two sectors with demand that will continue to grow in concert with the world’s population.
Moving forward, we see significant growth in the manganese market due to its applications in clean energy. More specifically, we anticipate the growing use of nickel-metal hydride (NiMH) electric vehicle batteries and lithium-ion (Li-ion) batteries to be major catalysts for manganese demand. NiMH batteries are predominantly used in hybrid vehicles, including the Toyota Prius. The Li-ion battery, of course, takes center-stage due to Tesla’s notoriety and lofty production targets.
The newest up-and-coming technology to use manganese is the so-called lithiated manganese dioxide (LMD) battery. A typical LMD battery uses 61% of manganese in its mix and only 4% lithium. LMDs have numerous benefits, including providing higher power output, thermal stability, and improved safety compared to regular lithium-ion batteries.
LMDs are already in production, and are currently used in electric cars like the Chevy Volt and Nissan Leaf. These cheaper electric cars, as opposed to the narrower luxury-segment that Tesla operates in, should be a significant part of the budding clean energy revolution.
Finally, there is a game-changing application of manganese worth mentioning: off-the-grid power. Tesla and its Powerwall batteries are breaking ground here, and the market is only poised to grow.
(Credit: Inside EVs)
In summation, there are several drivers that should boost manganese demand, both traditional and cutting edge.
Manganese will continue to be a key element in steel production, and the industry should continue to grow at a steady pace. Steel production will ensure that manganese remains as one of the most widely used elements in the world. On the technology side, electric vehicles, off-the-grid power systems and other energy storage applications will require significant amounts of high-quality manganese.
Risky Business On The Supply Side
Most manganese production globally is concentrated in four countries: Australia, China, Gabon, and South Africa. 90% of the world’s manganese reserves are found in these four countries, along with Brazil and Ukraine. Remarkably, nearly 70% of global manganese reserves are contained in the Kalahari District of South Africa.
(Source: USGS)
South Africa’s deposits tend to be high-grade. Australia, Gabon, and Brazil, however, feature even higher grade deposits. This bodes well for the explorers and developers operating in these countries.
(Source: Manganese.org)
In the United States, there has not been any manganese mining activity since 1970. There are a few areas where it is possible to find manganese-enriched rocks (Maine and Minnesota), but the grades are substantially lower than what is available around the globe, so mining manganese in the United States does not make economic sense. As a result, the U.S. imports all of its manganese.
61% of the United States’ manganese imports come from Gabon. Australia is the second-largest provider of manganese to the U.S., with 21% of the total. South Africa (7%) and Brazil (5%) are the third and the fourth largest manganese exporters to the United States.
China, meanwhile, is the world’s number two producer of manganese and also one of its largest consumers. Demand for imported manganese ore in China more than doubled between 2006 and 2016. As of 2016, almost two-thirds (62%) of manganese ore in China was imported. The gulf between manganese production and consumption in China has been widening since 2001.
China, like the United States, imports most of its manganese from South Africa, followed by Australia, Gabon, and Ghana.
Unlike steel, where demand is notoriously steady, the supply of manganese is declining. In 2016, the USGS estimated that the world produced 8.6% less manganese than in 2015.
(Source: USGS)
This is one of the imbalances that resulted in the recent upward price action in manganese. The price of manganese has risen over 42% since the beginning of 2016.
The estimated demand for manganese in 2022 is forecasted to reach 28.2 million metric tonnes. Compare this to historical rates of manganese production, which peaked in 2014 at 18.0 million MT. Clearly, the widening gap between supply and demand in the manganese space should lead to a healthy price increase over the next few years. We believe that one manganese explorer, in particular, is poised to take advantage of this dynamic, and its management team already has one exit under their belt in the manganese sector.
Maxtech Ventures Inc. (CNSX:MVT, FRA:M1NA, OTCMKTS:MTEHF)
Current Price: C$0.60
Shares Outstanding: 48.7 million
Market Capitalization: C$29.2 million
52-Week Range: C$0.12-C$0.63
Cash: ~C$0.6 million
Total Liabilities: ~C$0.1 million
Maxtech Ventures is advancing work on several high-grade manganese projects in Brazil. All of the company’s projects are located in Brazil, but Maxtech is focused on seizing the opportunity to become a global supplier, with customers in Europe, North America, and Asia.
(Source: Maxtech)
The company’s aim to sell manganese products globally rests on the existence of high-quality infrastructure in the regions where it operates. Looking at this map, it may appear that the company’s projects are located in remote areas, however, the reality is that Maxtech has access to multiple high-volume commercial river ports. Additionally, a major regional road is slated to be constructed within a couple of years.
Maxtech is focused on the Brazilian region of Mato Grosso. The area has seen much less exploration and production than the neighboring Rondonia region; nonetheless, both regions have similar geology. Between Mato Grosso and Rondonia, known manganese mineralization extends across a belt of at least 250 kilometers. Most of the mineralization lies at surface, with reported grades reaching 54% or higher. These high-grade veins extend to over 80 meters in depth.
Since so much of the material is available at surface, mining it is not an expensive enterprise. The technical flow sheet for the production of manganese in the Eastern Rondonia/Western Mato Grosso region is very simple.
(Source: Maxtech Ventures)
This technical simplicity allows for cost control that is not possible for more complex methods of production. It is also one of the reasons why Maxtech believes that it can successfully compete in the global manganese market. Low production costs and increasing prices should allow Maxtech to generate healthy margins in the future.
Lastly, Mato Grosso is an area known for soybean production, and manganese-based fertilizers are widely used there. It can only be to Maxtech’s benefit to operate in close proximity to prospective end-users of its product.
Exploration
Exploration costs for Maxtech should be quite modest, since most of the manganese in this region of Brazil is located at surface. It is rather a matter of scope, not depth, that Maxtech needs to worry about.
(Source: Maxtech Ventures)
With this in mind, Maxtech recently announced an exploration program. The program will include early-stage activities, such as prospecting, mapping, geochemical soil surveys, and ground-based geochemical surveys.
At Mato Grosso, there are two types of manganese mineralization – cobbles/clasts and hydrothermal veins. Maxtech will need to calibrate its exploration methods to study and understand both types of mineralization.
Most of the program can be completed using relatively inexpensive methods, including hand-dug pits, mobile auger drills, and trenching.
For us, it means that the company will be able to advance its understanding of Mato Grosso geology quickly and efficiently. When preliminary targets are identified, Maxtech will follow-up its green field exploration activities with traditional core drilling.
Near-Term Production
Maxtech is also very active on the acquisition front. Earlier in March, the company signed a Letter of Intent (LOI) to form a joint venture partnership to develop the Buriturama Mine in the State of Bahia, Brazil with Plantiminas Empreendimentos Rurais Ltda.
The mine has existing access to railway, ports, and other infrastructure. The aim is to advance the Buriturama towards mining with a goal of generating 10,000 tonnes per month in production. The project already has a trial mining license for the processing of up to 6,000 tonnes of manganese mineralization. An application has already been submitted for a Lavra license, which would provide for unlimited mining activities at Buriturama.
One of the key features of Buriturama is its proximity to Mina do Azul, operated by Vale SA. Mina do Azul has manganese concentrations in the range of 40% and higher. Buriturama’s historical records (non-NI 43-101 compliant) indicate that its ore contains similar grades. Between regional-scale exploration programs and advancing Buriturama to production, Maxtech is engaged in building a vertically integrated manganese producer.
The company is also keenly aware of the multiple markets that its manganese products could serve. From local agriculture companies, which need manganese fertilizers to produce soy, to the global high-technology battery market, Maxtech has the potential to sell its production far and wide.
Vision – Replicating A Proven Model
This vision comes from the company’s seasoned management team. Maxtech is led by Mr. Peter Wilson, a financier with over $300 million in equity and debt financings under his belt. He has been involved in capital raising, corporate development, and management for over 20 years.
On the technical side, Maxtech’s project acquisition and exploration activities are overseen by the same team behind Cancana Resources.
Cancana’s flagship was the BMC Project, located in state the of Rondonia. As part of a joint venture on the project, Cancana was partnered with Ferrometals, an investment vehicle for the resource-focused private equity fund, The Sentient Group, which at the time had US$2.7 billion in assets under management. Cancana was eventually acquired by Ferrometals and in turn listed as Meridian Mining (CVE:MNO). Meridian Mining now boasts a market cap approaching CAD $100 million.
When the acquisition closed in November 2016, the original team from Cancana went right back to work, looking to replicate the same model.
With the experience that its CEO brings to the negotiating table, along with the expertise of its technical team in Brazil, there is good reason to believe that Maxtech can transition from explorer into producer and create substantial value for its shareholders.
Capital – Ready To Produce
Maxtech’s impending exploration program is a direct consequence of a financing that management arranged earlier in 2017. This $607,500 capital infusion is part of a larger financing effort that the company is undertaking. The plan is to spend most of the funds raised on its Brazil operations, plant engineering, and the preparation of a NI 43-101 report.
Maxtech’s financing push is backed by positive economic projections for the company’s near-term producing properties. The company forecasts that it can start production later in 2017 at a rate of 6,000 metric tons, moving to production of 26,500 tonnes by 2018, and ramping up to 67,000 tonnes by the end of the decade.
(Source: Maxtech)
The company is close to reaching production stage, which will help it afford to continue purchasing prospective claims and projects in Brazil.
As a result of the company’s well-outlined focus and position in the middle of a manganese renaissance, we anticipate increased investor interest and significant share price upside. We expect continued momentum in the next twelve to eighteen months in response to hitting several of its key milestones.
Bassman101
9年前
Maxtech Acquires Additional 20,000 Hectares Brazil
Amasses Approximately 40,000 Manganese Prospective Hectares
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 23, 2017) - Maxtech Ventures Inc. (CSE:MVT)(CSE:MVT.CN)(OTC PINK:MTEHF)(FRANKFURT:M1N) ("Maxtech" or the "Company), is pleased to announce it has entered into an arms-length agreement to acquire 2 additional manganese prospective mineral claims totalling 20,000 hectares in Brazil.
Maxtech has now amassed approximately 40,000 hectares of exploration claims in Brazil. Terms of the acquisition include the payment of US $10,000 and the issuance of 200,000 common shares of Maxtech; the transaction is subject to the CSE and regulatory approvals.
As announced on March 3, 2017, the Company initiated an exploration program on its claims acquired on December 6, 2016. Exploration techniques include using hand-dug pits, mobile auger drills and trenching with backhoes have begun in order to determine the dimensions and grade of any mineralization materials found containing manganese. Results are expected in the coming weeks.
Maxtech CEO Peter Wilson states, "With this additional acquisition, Maxtech will have amassed one of the larger manganese mineral exploration claim sets in Brazil. The focus on manganese mineralization offers Maxtech an opportunity to potentially directly service nearby farming markets in need of manganese for fertilizer."
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com.
Email to info@maxtech-ventures.com.
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Maxtech Ventures Inc.
Peter Wilson
Chief Executive Officer
604-484-8989
peter@maxtech-ventures.com
www.maxtech-ventures.com
petunia1
9年前
Correction:
Maxtech Signs Letter of Intent to Form JV on Licenced Manganese Buriturama Mine in Brazil
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2017) - A correction from source has been issued for the release disseminated March 16 at 3:15 AM ET. The complete and corrected release follows:
Maxtech Ventures Inc. (CSE:MVT)(CSE:MVT.CN)(OTC PINK:MTEHF)(FRANKFURT:M1N) , ("Maxtech" or the "Company") has signed a Letter of Intent ("LOI") to form a joint venture to develop the Buriturama Mine in the State of Bahia, Brazil with Plantiminas Empreendimentos Rurais Ltda.
***At the request of IIROC the Company wishes to clarify specific disclosure in its March 16, 2017 news release. Readers should disregard the disclosure in the earlier release.
The Buriturama Mine is located in the northern portion of the State of Bahia, 862 km from Porto de Aratu with access to railroad, port facilities and infrastructure. The Buriturama Mine has significant historical mining records as well as a current Gia (trial mining license) which authorizes mining and processing of mineralized materials. Small scale mining has been undertaken on the project and there are outcrops located throughout the project area as well as mining pits. An application has been submitted to Departmento Nacional de Proucao Mineral ("DNPM") for a Lavra licence which provides for unlimited mining. The company will do both technical and legal due diligence on the asset prior to signing a definitive agreement.
Vale's Mina do Azul Mine is situated approximately 100km's north of the Buriturama Mine in Bahia, and is responsible for a large percentage of Vale's manganese output. Vale SA is the largest manganese producer in Brazil and the Mina do Azul Mine is recognized internationally for its mineralized materials which contains high concentrations of manganese and a high manganese-iron ratio.
The markets for manganese mineralized materials and ferroalloys are highly competitive. High-grade manganese competes on a global seaborne basis while low-grade mineralized materials competes on a regional basis. The ferroalloy market is characterized by a large number of participants who compete primarily on the basis of price. The competitive factors affecting this market are the costs of the mineralized materials, electricity, logistics, and reductants.
Peter Wilson, Maxtech CEO, said, "We will begin the due diligence process immediately. The Plantiminas Empreendimentos Rurais Ltda. strategic partnership in the Buriturama Mine will enable Maxtech to build vertical manganese operation in Brazil."
The Company also announces that pursuant to its stock option plan it will issue 1,000,000 options to certain officers, directors and consultants at a price of $0.57 cents per share. The options granted are exercisable up to five years from the issue date.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com.
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Maxtech Ventures Inc.
Peter Wilson
Chief Executive Officer
604-484-8989
peter@maxtech-ventures.com
info@maxtech-ventures.com
www.maxtech-ventures.com