Spark Energy Minerals Inc. (CSE: SPRK) has announced the acquisition of new Brazilian lithium assets. The company entered a definitive securities exchange agreement with Latam Energy Acquisition Corp., acquiring all of its shares. This strategic move involves exchanging Latam’s shares for 20,000,000 common shares of Spark at a deemed price of $0.07 each, totaling a consideration of $1,400,000. Latam’s assets are mostly adjacent to Spark’s existing properties in Minas Gerais, Brazil.

Spark Energy Minerals Expands in Brazil

Spark’s CEO, Eugene Hodgson, stated that this acquisition represents a pivotal point for the company’s expansion in Brazil’s lithium sector. Joining forces with Latam Energy solidifies Spark’s presence in one of the top lithium mining regions globally.

Strategic Alliance with Latam Energy

As a result of the transaction, Latam’s CEO, Michael Stier, will join Spark’s board of directors. Stier expressed his enthusiasm about the collaboration, emphasizing the potential growth and value creation from the combined assets.

About Latam Energy Acquisition Corp.

Latam Energy Acquisition Corp. is a Canadian company dedicated to exploring energy metal minerals in Latin America. Latam’s portfolio in Brazil, particularly in Minas Gerais’ Lithium Valley, complements Spark’s existing holdings.

Exploration Projects in Minas Gerais

The Joaima and Vertex lithium projects are among Latam’s notable assets. Situated in Lithium Valley, these projects offer promising exploration prospects in well-established lithium districts.

Minas Gerais is home to significant lithium reserves, known for its extensive pegmatite mineralization. These assets enhance Spark’s strategic positioning in the booming lithium market.

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