Spark Energy Minerals Inc. (CSE: EMIN) (OTC Pink: MTEHF) (FSE: J8V) has announced its latest move to expand its lithium exploration portfolio through a new acquisition in Brazil’s Lithium Valley. The company has solidified a purchase agreement with Tristar Energy Corp. to acquire an option on the Minas Gerais mining permits, marking a significant step in its growth trajectory.

Spark’s Strategic Acquisition in Lithium Valley

Spark Energy Minerals is set to acquire 100% of the Minas Gerais property by issuing 15 million common share units to Tristar. This strategic area, comprising 23 mineral claims over 39,596.63 hectares, is advantageously located near major lithium projects, highlighting its potential value.

Details of the Purchase Agreement

The acquisition terms include a requirement for Spark to make a $400,000 payment by May 26, 2024. These shares, coupled with the acquisition payment, underscore the company’s committed expansion in the lithium sector.

Investment and Exploration Ahead

Additionally, Spark plans a private placement aimed at raising $1,000,000 to support the acquisition payment and further exploration efforts. This move underscores Spark’s intent to not only expand but also to actively explore and capitalize on its properties in Brazil’s burgeoning lithium market.

Spark Energy Minerals: A Player in the Lithium Market

With this acquisition, Spark Energy Minerals reiterates its position as a key player in the global lithium exploration scene, particularly within Brazil’s mining-friendly jurisdictions. The company’s focus on battery metals and minerals, supported by strategic investments and exploration efforts, sets a promising path for its operations in the lithium valley.

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