Spark Energy Minerals is advancing exploration at its Arapaima lithium project and congratulates Si6 Metals on its 3km anomalous lithium trend

Vancouver, British Columbia – (Newsfile Corp. – October 11, 2024) – 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 is pleased to make further progress in advancing its Arapaima Lithium Project’s exploration efforts for spodumene-rich pegmatites (SRPs) in Brazil’s highly prospective Lithium Valley on a strategically located area of over 64,000 hectares to announce rental package.

Highlights:

• Extensive land holdings: Spark has 64,359 hectares of highly prospective SRP terrain, which is the largest Adjacent tenement package held by a single company in Lithium Valley.

• Exceptional geological potential: The area’s geology is supported by prolific G4 granite intrusions and structurally favorable bedrock formations, which are believed to underlie a shallow regolith cover within 15 km of key lithium development projects, including Sigma Lithium’s Grota do Cirilo operation, Lithium Ionics’ Bandeira project and Atlas Lithium’s The Neves project .

• Important: Australian Junior Explorer Si6 recently announced (see full Si6 announcement dated 12^Th August 2024 here) Discovery of promising geochemical results for lithium in soil over a strike length of approximately 3 km at the adjacent Padre Paraíso lithium project.

• This announcement provides additional information positive technical support for Spark’s geological thesis (Details from Spark’s press release dated October 4, 2024 can be found here), which indicates significant potential for SRPs beneath the shallow regolith cover in Spark’s extensive land package, and that is important Expanding the search space with exceptional SRP lithium exploration potential well east of the established producers and developers in the Lithium Valley.

• Target generation: Spark’s geological team has developed priority exploration targets using advanced remote sensing and multispectral techniques as well as processed publicly available geophysical and geochemical data.

Figure 1 – Regional location map of the Brazilian Lithium Valley

To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/226501_16263122341b1a1f_002full.jpg

Figure 1 illustrates the extent of the Brazilian “Lithium Valley” relative to known pegmatite deposits in the Eastern Brazilian Pegmatite Province. It highlights the central, strategic location of Spark Energy Minerals’ 64,359 hectare contiguous property package and its proximity to key lithium producers and advanced development projects in this rapidly growing, globally significant lithium region.

The story continues

Figure 2 – Map highlighting Spark Energy Minerals’ 64,359 hectare contiguous property

To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/226501_16263122341b1a1f_003full.jpg

Figure 2 shows Spark Energy Minerals’ 64,359 hectare contiguous land package related to major lithium producing mines and key development projects, including the site of the Si6 Metals Padre Paraíso project. A simplified geologic map is shown in the background, highlighting the central location of prolific G4 granite intrusions as well as bedrock formations of slate and granite-gneiss complexes. Notably, the map also identifies the areas of shallow regolith cover, highlighting the exploration potential within these zones.

Si6 results:

Lithium anomalies discovered at Si6’s Padre Paraiso Lithium Project are concentrated in the Salinas Formation zone, which is associated with pegmatite intrusions. This geological environment supports the lithium mineralization typically found in lithium deposits in the Lithium Valley province, including Latin Resources’ Colina MRE and Sigma’s Grota do Cirilo project.

Due to the interconnected nature of the properties between Si6’s Padre Paraiso and Spark’s Arapaima, the exploration team believes this geological formation is also located on Spark’s property. To prove this theory, further research needs to be done.

The Si6 soil sampling program was completed over the summer and was conducted over a previously identified pegmatite corridor approximately 3 km long and 800 m wide, where previous surface and auger sampling returned strong lithium anomalies of up to 401 ppm Li₂O². The survey results have identified several zones of elevated background lithium levels. The highest value recorded was 140 ppm Li and was found in the central eastern part of the pegmatite corridor (see corridor in Figure 3 below).

Figure 3 – Enlarged map of Spark Energy Minerals’ property associated with Si6’s Padre Paraso Lithium Project

To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/226501_16263122341b1a1f_004full.jpg

Figure 3 shows Spark Energy Minerals’ 64,359 hectare contiguous tenement package, shows the location of the Si6 Metals Padre Paraso project in relation to Spark’s adjacent tenements, and highlights the associated anomalous Li corridor.

Jon Hill, VP Exploration for Spark Energy Minerals, commented: “We congratulate our neighbor Si6 Metals on the recently reported positive exploration results, which provide further strong data supporting our geological interpretation, which predicted that the SRP lithium prospective geology extends beneath the shallow regolith cover well to the east of the known large deposits. The 3 km long trend.” The anomalous lithium-in-soil results reported by Si6 Metals now complement previously reported lithium and pathfinder element anomalies in regional river sediments, as well as the presence of spodumene particles in regional heavy mineral concentrate samples, as reported in the CPRM government for 2016 and 2023 published publications^1&2. Our team continues to actively advance its multidisciplinary target generation and field-based exploration activities.”

Spark Energy Minerals CEO Eugene Hodgson added: “The recent developments at our Arapaima lithium project, coupled with the promising results from Si6 Metals, further confirm our strategic position in the Brazilian Lithium Valley. Our extensive land package of 64,359 hectares, confirmed as the largest contiguous holding in the region, positions Spark at the forefront of lithium exploration in this globally significant area. We are excited about the potential this represents for our shareholders and the future of sustainable energy resources.

1. Source: “Lithium Potential Assessment Project in Brasil” in the Eastern Pegmatite Province of Brazil: The Geological Survey of Brazil promotes mineral research. Technical Report 19 – August 2023 DOI: 10.29396/ITCPRM.2023.19

2. Source: “Evaluation of the Lithium Potential in Brasil” – Middle Jequitinhonha River, Northeast Minas Gerais Ministry of Mines and Energy, Minister of Geology, Mines and Development, Brazilian Geological Survey for the Promotion of Mineral Research. Technical Report – 2016

Qualified person

The scientific and technical information disclosed in this document has been reviewed and approved by Jonathan Victor Hill BSc Hons, FAUSIMM, a Qualified Person as defined by NI 43-101.

About Spark Energy Minerals Inc.

Spark Energy Minerals, Inc. is a Canadian company focused on the acquisition, exploration and development of battery metals and mineral deposits, with a particular focus on its significant interests in Brazil. The Company owns significant land and mineral rights in Brazil’s famous Lithium Valley, one of the most productive mining regions in the world. This region is rapidly gaining global recognition due to its vast deposits of lithium and rare earth minerals, positioning Brazil as a key player in the global energy transition.

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 MORE INFORMATION, PLEASE VISIT THE COMPANY’S WEBSITE AT

https://sparkenergyminerals.com
Email [email protected]
Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742

Disclaimer for Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements” or “forward-looking information” (collectively, “forward-looking information”) within the meaning of the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of words such as “may,” “intends,” “expects,” “believes,” “will,” “projects,” “estimates,” “anticipates” and similar expressions and statements in relation to matters that are not historical Facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions regarding the outcome and timing of such future events. Actual future results may vary materially. This press release contains, in particular, forward-looking information relating to the Company’s operations, property, financing and certain corporate changes. The forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation 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. Certain statements contained in this press release may constitute “forward-looking statements” or “forward-looking information” (collectively, “forward-looking information”) within the meaning of the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of the words “may,” “intends,” “expects,” “believes,” “will,” “projects,” “estimates,” “anticipates” and similar expressions and statements in relation to matters that are not historical facts is intended to identify forward-looking information and is based on the Company’s current beliefs or assumptions regarding the outcome and timing of such future events. Actual future results may vary materially. This press release contains, in particular, forward-looking information relating to the Company’s operations, the RN Property, the acquirers and certain corporate changes. The forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by securities laws.

To view the source version of this press release, please visit