05:11:19 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Spark Energy Minerals Inc (2)
Symbol EMIN
Shares Issued 53,097,742
Close 2024-02-06 C$ 0.075
Market Cap C$ 3,982,331
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Spark Energy hires Exploration Outcomes in Brazil

2024-02-12 10:27 ET - News Release

Mr. Peter Wilson reports

SPARK ENERGY MINERALS ENGAGES BRAZILIAN ADVISORY FIRM EXPLORATION OUTCOMES LTD. TO SPEED THE EXPLORATION OF BRAZILIAN TARGETS

Spark Energy Minerals Inc. has engaged Exploration Outcomes Ltd. (EOL), a Brazilian-domiciled exploration advisory firm to design, co-ordinate and support its generative exploration activities over the company's recently acquired, extensive and prospective tenements package in Brazil. Formed in 2017, Exploration Outcomes has successfully implemented practical and achievable exploration strategies for companies investing in the re-emerging Brazilian mineral sector with a focus on positioning early-stage greenfield projects for rapid and cost-effective progression up the value curve. Exploration Outcomes is headed by Jon Hill, who founded the company in 2017. Mr. Hill's career as an economic geologist includes a wide range of global experience over 35 years across exploration, project development and mining operations, including senior roles with Anglo American and AngloGold Ashanti. In Brazil, Exploration Outcomes brings together an extensive network of associate high-calibre professionals to provide specialist technical support to a number of listed and private companies. Mr. Hill is non-executive chairman of Royal Road Minerals and a non-executive director of Avanti Gold Corp., Stratabound Minerals Corp. and Lavras Gold Corp. He holds a BSc (honours) economic geology from University of Cape Town, South Africa, and a BAppSc in applied geology from the Queensland University of Technology, Australia, and is a fellow of the Australian Institute of Mining and Metallurgy.

Spark Energy Minerals, with Exploration Outcomes, is rolling out a generative exploration project aimed at rapidly evaluating the potential of the search space across its tenement portfolio. The program will utilize concomitant remote sensing, phase 1 ground reconnaissance and validation mapping, and geochemical sampling. Priority targets identified through these activities will be further defined through more detailed surface exploration utilizing more acute exploration techniques and technologies.

Peter Wilson, chief executive officer of Spark, stated: "Our engagement of EOL in Brazil is the important next step for Spark Energy to set our exploration course on the ground. As one of the largest landholders in the Lithium Valley holding approximately 72,000 hectares, it's vital that we carefully evaluate our land position and set immediate exploration goals that will validate our model."

Additionally, Robert Birmingham has tendered his resignation as president and director of the company. Spark wishes to thank Mr. Birmingham for his assistance in the company's transition and wishes him success in his future endeavours.

About Spark Energy Minerals Inc.

Spark Energy Minerals is a Canadian company pursuing battery metals and mineral assets with newly acquired interests in Brazil and Canada. The company has acquired assets in some of the world's most prolific mining jurisdictions, Brazil's growing lithium areas and in the Newfoundland, Canada, region, which is also gaining recognition as a world hot spot for lithium and rare earth mineral exploration.

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