Spark Energy Stock Price, News & Analysis

Spark Energy Minerals Inc. (CSE: SPRK) (OTC: SPARF) has announced significant board appointments to strengthen its leadership team. The company has appointed Dr. Fernando Tallarico, PhD, P.Geo to its Board of Directors and Audit Committee, bringing over 35 years of geological and mining executive experience, particularly in Brazil's battery metals sector.

Additionally, Sead Hamzagic, CGA, has been appointed as Chair of the Audit Committee, contributing 37 years of financial management expertise. Hamzagic's experience includes serving as CFO for numerous public companies and successfully managing a $12.2 million IPO for Northstar Clean Technologies.

The company also announced the resignation of Michael Stier from the Board of Directors, who will continue in an advisory role. Furthermore, Spark has granted 2,200,000 incentive stock options to directors, officers, and consultants, with 1,750,000 options going to company insiders, exercisable at CAD $0.10 per share for a two-year period.

Spark Energy Minerals (SPARF) has reported promising exploration results from its Arapaima Project in Brazil's Lithium Valley. The company achieved its highest lithium-in-rock result of 3,712 ppm at the Cruzeta target, along with significant pathfinder elements indicating evolved LCT pegmatites. At the Agua Branca target, stream sediment sampling yielded 118 ppm lithium. The exploration program, which began in November 2024, includes three priority lithium targets: Cruzeta, Agua Branca, and Grota do Maquem. The company is advancing toward diamond drilling planned for Q3 2025. Additionally, Spark has granted 500,000 stock options to officers and consultants, with 300,000 options going to company insiders, exercisable at $0.10 for two years.

Spark Energy Minerals (SPARF) announced its participation as an Executive Dinner Sponsor at the 2nd Annual Lithium and Critical Mineral Summit in Belo Horizonte, Brazil, from June 3-5, 2025. The company's CEO Eugene Hodgson and VP of Exploration Jon Hill will attend, with Hill scheduled to present on June 4. The summit, endorsed by Invest Minas, follows last year's success with 350+ industry leaders from 25+ countries. Spark will showcase its Arapaima Lithium and REE Project, which covers 919 km² and features 123 pegmatite occurrences across 13 trends. The project has shown promising lithium values up to 1,397 ppm Li in rock samples and REE mineralization with soil samples exceeding 3,000 ppm TREO. Additionally, the company announced the appointment of Bonn Smith as VP of Corporate Development, bringing 15 years of capital markets expertise.

Spark Energy Minerals (SPARF) has filed its maiden NI 43-101 Technical Report for the Arapaima Lithium and REE Project in Brazil's Lithium Valley, covering 919 km² in Minas Gerais. The report confirms significant exploration potential with 123 pegmatite occurrences across 13 trends spanning 31 km. Key findings include lithium values up to 1,397 ppm in rock samples and promising REE mineralization with soil samples exceeding 3,000 ppm TREO. The project, located just 15 km from Sigma Lithium's producing mine, features excellent infrastructure access and 100% ownership of 58 granted exploration licenses plus 4 applications. Initial exploration has identified four high-priority targets: Grota do Maquém, Agua Branca, Cruzeta, and Caladão, with the Cruzeta Target showing particularly promising K/Rb ratios indicative of potential LCT pegmatites.

Spark Energy Minerals (CSE: SPRK, OTC: SPARF) announced the amendment of 15,000,000 unlisted common share purchase warrants' exercise price from $0.15 to $0.075 per Common Share, effective June 2, 2025. These warrants were originally issued as part of the company's acquisition of Tristar Energy Corp, which closed on March 15, 2024. The Canadian Securities Exchange has approved this warrant repricing, while other terms remain unchanged, including the expiry date of March 15, 2026. This modification follows the company's previous announcement on May 7, 2025.

Spark Energy Minerals (SPARF) has successfully closed the second and final tranche of its non-brokered private placement, issuing 5,018,751 units at $0.072 per unit. Each unit includes one common share and half a warrant, with each whole warrant exercisable at $0.14 for 36 months. The placement was oversubscribed at 104.5% of the original maximum, reaching a total of 32,654,863 units. Notably, 40.97% of this tranche was subscribed by company insiders. Of the total units issued in this tranche, 4,139,584 units ($298,050) represented debt settlements. The company plans to use the proceeds for exploration of its Arapaima Lithium Project in Brazil's Lithium Valley and general working capital.

Spark Energy Minerals Inc. (SPARF) has announced an upsize to its previously announced non-brokered private placement. The offering has been increased from 31,250,000 units to 32,654,863 units. The company expects to close a second and final tranche of 5,018,751 units around May 20, 2025, which would represent 104.5% of the originally planned offering.

The proceeds will be used to advance exploration at the company's flagship Arapaima Lithium Project in Minas Gerais, Brazil's Lithium Valley, as well as for general working capital and corporate purposes. The company has filed an amended offering document under the Listed Issuer Financing Exemption, available on SEDAR+ and the company's website.

Spark Energy Minerals (SPARF) has reported promising rare earth element (REE) surface sampling results from its Caladão Target within the 64,352-hectare Arapaima Project in Brazil's Lithium Valley. The exploration revealed:

- Stream sediment samples showed a peak value of 6,417ppm Total Rare Earth Oxides (TREO), with 11 samples exceeding 1,000ppm TREO - Soil samples demonstrated a peak value of 3,041ppm TREO, with 14 samples above 1,000ppm TREO - Anomalous Gallium values with a peak of 94.07ppm Ga2O3 - The 4,000-hectare Caladão Target is contiguous with Axel REE Limited's project

The company plans to accelerate REE exploration alongside advancing three primary lithium targets, with drill testing planned for later in 2025.

Spark Energy Minerals (SPARF) has announced a non-brokered private placement offering of up to 31,250,000 units at $0.072 per unit, targeting aggregate gross proceeds of up to $2.25 million. Sorbie Bornholm LP, an institutional investor, will contribute $1.69 million through a sharing agreement with 12 monthly settlement tranches.

Each unit comprises one common share and a half-warrant, with each full warrant allowing purchase of an additional common share at $0.14 for 36 months. The settlement price will be measured against a benchmark price of $0.1182, potentially yielding additional proceeds if exceeded.

The company will receive monthly payments of $140,833.33 over 12 months. Sorbie will receive a corporate finance fee of $111,000 through 1,541,667 units. The offering's closing is expected around April 30, 2025. Proceeds will fund exploration at the Arapaima Lithium Project in Brazil's Lithium Valley and general working capital requirements.