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Spark Energy Minerals Reports Encouraging Rare Earth Element Results from Its Caladão Target at the Arapaima Project in Brazil

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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) ha riportato risultati promettenti di campionamenti superficiali di elementi delle terre rare (REE) dal suo Caladão Target, situato all'interno del progetto Arapaima di 64.352 ettari nella Lithium Valley del Brasile. L'esplorazione ha evidenziato:

- Campioni di sedimenti fluviali con un valore massimo di 6.417 ppm di ossidi totali di terre rare (TREO), con 11 campioni che superano i 1.000 ppm di TREO
- Campioni di suolo con un valore massimo di 3.041 ppm di TREO, con 14 campioni sopra i 1.000 ppm di TREO
- Valori anomali di Gallio con un picco di 94,07 ppm di Ga2O3
- Il Caladão Target, di 4.000 ettari, confina con il progetto di Axel REE Limited

L'azienda prevede di accelerare l'esplorazione di REE parallelamente allo sviluppo di tre principali obiettivi di litio, con prove di perforazione previste per la fine del 2025.

Spark Energy Minerals (SPARF) ha informado resultados prometedores de muestreos superficiales de elementos de tierras raras (REE) en su Objetivo Caladão dentro del proyecto Arapaima de 64,352 hectáreas en el Valle del Litio de Brasil. La exploración reveló:

- Muestras de sedimentos de corriente mostraron un valor máximo de 6,417 ppm de Óxidos Totales de Tierras Raras (TREO), con 11 muestras que superan los 1,000 ppm TREO
- Muestras de suelo demostraron un valor máximo de 3,041 ppm TREO, con 14 muestras por encima de 1,000 ppm TREO
- Valores anómalos de Galio con un pico de 94.07 ppm Ga2O3
- El objetivo Caladão de 4,000 hectáreas es contiguo con el proyecto de Axel REE Limited

La compañía planea acelerar la exploración de REE junto con el avance de tres objetivos principales de litio, con pruebas de perforación previstas para finales de 2025.

Spark Energy Minerals (SPARF)는 브라질 리튬 밸리 내 64,352헥타르 규모의 아라파이마 프로젝트에 위치한 칼라당 타겟(Caladão Target)에서 희토류 원소(REE) 표면 샘플링 결과 유망한 성과를 보고했습니다. 탐사 결과는 다음과 같습니다:

- 하천 퇴적물 샘플에서 6,417ppm 총 희토류 산화물(TREO)의 최고치가 나타났으며, 11개 샘플이 1,000ppm TREO를 초과
- 토양 샘플에서는 3,041ppm TREO의 최고치를 기록했으며, 14개 샘플이 1,000ppm TREO 이상
- 94.07ppm Ga2O3의 이상 갤륨 수치
- 4,000헥타르 규모의 칼라당 타겟은 Axel REE Limited의 프로젝트와 인접

회사는 2025년 말 시추 테스트를 계획하며, 세 개 주요 리튬 타겟과 함께 희토류 탐사를 가속화할 예정입니다.

Spark Energy Minerals (SPARF) a rapporté des résultats prometteurs d'échantillonnage en surface d'éléments de terres rares (REE) sur sa cible Caladão dans le cadre du projet Arapaima de 64 352 hectares situé dans la Lithium Valley au Brésil. L'exploration a révélé :

- Des échantillons de sédiments de ruisseau ont montré une valeur maximale de 6 417 ppm d'oxydes totaux de terres rares (TREO), avec 11 échantillons dépassant 1 000 ppm TREO
- Des échantillons de sol ont démontré une valeur maximale de 3 041 ppm TREO, avec 14 échantillons au-dessus de 1 000 ppm TREO
- Des valeurs anormales de gallium avec un pic à 94,07 ppm Ga2O3
- La cible Caladão de 4 000 hectares est contiguë au projet d'Axel REE Limited

La société prévoit d'accélérer l'exploration des terres rares tout en faisant progresser trois cibles principales de lithium, avec des tests de forage prévus pour la fin 2025.

Spark Energy Minerals (SPARF) hat vielversprechende Ergebnisse von Oberflächenproben für Seltene Erden (REE) an seinem Caladão Ziel innerhalb des 64.352 Hektar großen Arapaima-Projekts im Lithiumtal Brasiliens gemeldet. Die Erkundung ergab:

- Flusssedimentproben zeigten einen Spitzenwert von 6.417 ppm Gesamt-Seltene-Erden-Oxide (TREO), wobei 11 Proben über 1.000 ppm TREO lagen
- Bodenproben zeigten einen Spitzenwert von 3.041 ppm TREO, mit 14 Proben über 1.000 ppm TREO
- Anomale Galliumwerte mit einem Spitzenwert von 94,07 ppm Ga2O3
- Das 4.000 Hektar große Caladão Ziel grenzt an das Projekt von Axel REE Limited

Das Unternehmen plant, die REE-Erkundung zu beschleunigen und gleichzeitig drei Haupt-Lithiumziele voranzutreiben, mit Bohrtests, die für Ende 2025 geplant sind.

Positive
  • High-grade REE findings with peak values of 6,417ppm TREO in stream sediment samples
  • Strategic location adjacent to Axel REE's project, which is advancing towards a maiden resource
  • Additional Gallium potential with peak values of 94.07ppm Ga2O3
  • Recent funding secured from Sorbie Capital to support exploration programs
  • Large land package of 64,352 hectares in Brazil's Lithium Valley
Negative
  • Early-stage exploration with no defined resource estimates yet
  • Results are from surface sampling only, requiring further drilling to confirm depth potential
  • Multiple targets may divide company focus between REE and lithium exploration

Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce highly encouraging rare earth element (REE) surface sampling results from reconnaissance exploration over its Caladão Target within Spark's flagship 64,352-hectare Arapaima Project in Brazil's Lithium Valley. The Caladão Target is strategically located over the highly prospective Caladão Granite and is contiguous with Axel REE Limited's (ASX: AXL) project.

Exploration Highlights:

  • Spark's Caladão Target comprises a package of contiguous exploration tenements covering an area of ~4,000-hectares, equivalent in area and underlying geology to adjacent tenements held by Axel REE Limited who recently reported they are advancing their REE - Gallium Discovery towards a maiden resource (see Axel REE press releases dated 19/03/2025 and 24/03/ 2025).
  • Results from 30 stream sediment samples collected by Spark's expert geological team from sub-basins draining the Caladão Granite reported anomalous REE values, including a highly anomalous peak value of 6,417ppm Total Rare Earth Oxides (TREO) with 11 samples reporting values >1,000ppm TREO.
  • Additional results from 36 soil samples from preliminary regional soil sampling lines across the Caladão Granite also reported highly anomalous REE results, including a peak value of 3,041 ppm TREO, with a total of 4 samples reporting > 2,000 ppm TREO and 14 samples reporting >1,000 ppm TREO. These soil samples also reported anomalous Gallium values with a peak of 94.07 ppm Ga2O3.
  • Spark's REE and Gallium results from early-stage surface exploration to date clearly confirms the potential of the Caladão Granite and the laterites overlaying clay-rich saprolite zones as an emerging hub for critical mineral resource exploration. Spark's exploration has demonstrated REE and Gallium values comparable to those historically reported by neighbouring Axel REE during their early exploration phases.
  • The exploration results from both Spark and Axel REE firmly establish the Caladão Granite region — located immediately contiguous with Brazil's renowned "Lithium Valley" — as a rapidly emerging district for rare earth mineralization.

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Figure 1: Caladão REE - Gallium Target relative to its extensive 64 kHa Tenement package and the company's priority lithium targets Agua Branca, Groto do Maquém and Cruzeta.

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https://images.newsfilecorp.com/files/10093/251554_sparkfig1.1.jpg

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Figure 2: Location of Spark's Caladão REE - Gallium Target Tenement package (blue) relative to Axel REE adjacent Tenement package (green) in the Lithium Valley, Brazil. The extent of the highly prospective Caladão Granite itself is coloured in orange.

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https://images.newsfilecorp.com/files/10093/251554_bf9cd60d64588a4d_009full.jpg

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Figure 3: Recent stream sediment and soil sampling results reported over Spark's Caladão REE - Gallium Target and Tenement package relative to Axel REE reported results from their adjacent Caladão (same name) and Tenement package. The extent of the highly prospective Caladão Granite itself is coloured in orange.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/251554_bf9cd60d64588a4d_010full.jpg

Jon Hill, Director of Spark Energy Minerals, commented: "Our team began with the mission of identifying high-quality lithium targets in our area. Encouraged by the successes of Axel REE, our neighbour to the southeast, exploring for rare earth elements, we also focused on rare earth elements in the interpretation of stream sediment and soil samples in this section, which we call "Caladão." Our surface sample results from equivalent geology compare very favourably with those reported by Axel REE. With Spark's concessions covering more than 4,000 hectares of the Caladão granite (based on mapped outcrop, laterite cover, and geophysical results), we are very encouraged by the material potential in these areas."

Caladão Target - Soil Samples

Results for 36 soil samples collected from four regional soil sampling profiles across the Caladão Granite within Sparks tenements are presented below in Table 1.

In the area, sampling the Caladão Granite is capped by a pronounced regolith profile up to 50m in thickness comprising an upper ferruginous lateritic horizon rich in Aluminum and Gallium up to 20m in thickness and a lower saprolite-clay horizon, which is highly enriched in REE as reported by Axel REE.

The preliminary regional soil sampling lines across the Caladão Granite also reported highly anomalous REE results, including a peak value of 3,041ppm TREO, with a total of 4 samples reporting >2,000ppm TREO and 14 samples reporting >1,000ppm TREO (range 101.06 - 3,041.56ppm TREO).

Additionally, the soil samples also reported anomalous Gallium values with a peak of 94.07ppm Ga2O3 (range 29.55 - 94.07ppm Ga2O3). These results confirm that the above geological context is prospective for both REE and Gallium over an extensive area underlain by the Caladão Granite.

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Table 1: Results from 36 soil samples collected by spark along 3 regional traverses across the Caladão Granite within Spark's Tenements.

To view an enhanced version of this graphic, please visit:
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Caladão Target – Stream Sediment Samples

Results for 30 soil samples collected from sub-drainage basins draining the northern margin Caladão Granite within Spark's tenements are presented below in Table 2.

These results reported anomalous REE values including a highly anomalous peak value of 6,417 ppm TREO with 11 samples reporting values >1,000ppm TREO (range 92.10 - 6,417.48ppm TREO).

The regional scale soil traverses executed by Spark's geological team, the results of which are reported above, clearly define the source areas for the anomalous REE and Gallium reported from the stream sediment samples tabulated below.

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Table 2: Results from 30 stream sediment samples collected by Spark along 3 regional traverses across the Caladão Granite within Spark's Tenements.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10093/251554_sparktable2.jpg

Forward Exploration Plan

Following these promising results, Spark is evaluating plans to accelerate its REE exploration activities alongside advancing its three primary lithium targets towards drill testing later in 2025, as outlined in previous announcements.

The company is evaluating follow-up exploration of this emerging REE - Gallium Target, which is sure to include regular but broad-spaced Lithogeochemistry via Auger / Air Core Drilling through the regolith profile across the tenement package.

The recent closing of a funding arrangement with Sorbie Capital strengthens Spark's financial position and supports the Company's dual focus on advancing lithium and REE exploration programs in this world-class address within Minas Gerais, Brazil.

Exploration of Spark's extensive 64,359-hectare tenement package will continue on three main fronts:

  • Continued first pass reconnaissance phase, geological mapping and stream sediment samples (61 sub-drainage basins remain to be sampled).
  • Follow up initiatives in the highly prospective Agua Branca, Groto do Maquém (lithium) and Caladão (rare earth elements) Priority Targets. With ongoing interpretation of the results to develop initial drill testing targets.
  • Plan more extensive programs in the Caladão region, including auger drilling to further delineate the potential of the prospective REE & gallium zone contiguous to Axel REE.

To date, the company has completed the following exploration work:

  • Geological Observations: 401
  • Pegmatite occurrences: 123
  • Artisanal workings: 66
  • Samples collected: 399
  • Pegmatite trends: 13
  • Sub-drainage basins sampled: 27
  • Sub-drainage basins remaining to be sampled 61

Eugene Hodgson, CEO & Director of Spark Energy Minerals, commented: "We are extremely encouraged by these early rare earth results, which confirm the exceptional prospectivity of our Caladão project. The fact that our early-stage results are comparable to those reported by Axel REE at a similar stage is very promising, especially given the recent success Axel has achieved. Combined with the widespread Gallium anomalies and our proximity to Brazil's Lithium Valley, Spark is uniquely positioned to advance multiple high-value critical mineral opportunities. With a strengthened balance sheet, we are excited to accelerate exploration and unlock the full potential of our projects."

QA/QC Protocols

Spark maintained full chain-of-custody control from sampling through to laboratory delivery, ensuring the reliability of the assay results. SGS Laboratory used QAQC protocols for blanks, standards and duplicates, the results of which are reported alongside the completed analysis.

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 consistent with NI 43-101 and a director of Spark Energy Minerals Inc.

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 assets, with a particular emphasis on its substantial interests in Brazil. The Company's flagship project is the Arapaima Lithium project spanning 64,359 hectares in Brazil's renowned Lithium Valley, one of the most prolific mining regions in the world. This region is rapidly gaining global recognition for its vast deposits of lithium and rare earth minerals, positioning Brazil as a critical 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 ADDITIONAL INFORMATION, SEE THE COMPANY'S WEBSITE AT
https://sparkenergyminerals.com
Email to info@sparkenergyminerals.com
Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742

Forward-Looking Statement Disclaimer
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. In addition, it should be noted that rock, soil and stream sediment samples are inherently selective samples and may not represent the true underlying mineralization. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251554

FAQ

What are the key REE findings from SPARF's Caladão Target exploration?

Stream sediment samples showed a peak value of 6,417ppm TREO with 11 samples >1,000ppm TREO, while soil samples demonstrated a peak of 3,041ppm TREO with 14 samples >1,000ppm TREO.

Where is Spark Energy Minerals' Arapaima Project located and how large is it?

The Arapaima Project is located in Brazil's Lithium Valley, covering 64,352 hectares, with the Caladão Target comprising approximately 4,000 hectares.

What are SPARF's exploration plans for 2025?

The company plans to accelerate REE exploration while advancing three primary lithium targets towards drill testing later in 2025, including Auger/Air Core Drilling through the regolith profile.

How does Spark Energy Minerals' Caladão Target compare to neighboring projects?

The Caladão Target is contiguous with Axel REE Limited's project and shows comparable REE values to those historically reported by Axel REE during their early exploration phases.

What is the significance of the Gallium findings in SPARF's exploration results?

The soil samples revealed anomalous Gallium values with a peak of 94.07ppm Ga2O3, indicating potential for Gallium mineralization in addition to REE resources.
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