Bullboard - Stock Discussion Forum Spark Energy Minerals Inc C.EMIN

Alternate Symbol(s): MTEHF

Metals & Mining Gold Industrial Metals & Minerals

Spark Energy Minerals, Inc. is a Canadian company pursuing battery metals and mineral assets with interests in Brazil. The Company’s projects include Minas Gerais Property, Brazil and Area Peers (The MG Property), Ceara Property, Brazil and Area Peers (The CE Property) and Rio Grande do Norte Property, Brazil and Area Peers (The RN Property). The MG Property comprises over 23 mineral claims... see more

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Spark Energy Minerals Inc > $EMIN Completes Private Placement, Boosts Capital

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Post by lelianicruz on Feb 06, 2024 7:20am

$EMIN Completes Private Placement, Boosts Capital

Spark Energy Minerals Inc. (CSE: $EMIN) recently concluded a non-brokered private placement, securing $315,500.05 in gross proceeds through the issuance of 4,206,668 units at a price of $0.075 per unit. Each unit comprises one common share and one common share warrant, with the warrant exercisable at $0.125. The company retains the option to accelerate the warrant expiry date if the stock reaches $0.25 over a 10-day trading period. This infusion of capital enhances Spark Energy Minerals' financial flexibility as it pursues its strategic objectives in battery metals and mineral exploration.

Spark Energy Minerals Inc. is positioning itself as a key player in the battery metals sector, with recent acquisitions in Brazil and Canada further solidifying its foothold in prolific mining jurisdictions. With growing interests in lithium-rich regions and the recognition of Newfoundland, Canada, as a promising area for lithium and rare earth mineral exploration, Spark Energy Minerals is poised for substantial growth potential.

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