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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CSE:EMIN - Post Discussion

Spark Energy Minerals Inc > $EMIN Raises $315.5K in Private Placement for Battery Metal

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Post by lelianicruz on Feb 09, 2024 6:57am

$EMIN Raises $315.5K in Private Placement for Battery Metal

Spark Energy Minerals Inc., a Canadian company focused on battery metals and mineral assets, recently closed a non-brokered private placement, garnering $315,500.05 in gross proceeds. The offering comprised 4,206,668 units priced at $0.075 each, with each unit consisting of one common share and one common share warrant. The warrants, exercisable at $0.125, grant holders the option to subscribe for one additional common share within a two-year period from the closing date. Additionally, the company retains the prerogative to accelerate the warrants' expiry date if its stock reaches $0.25 over a 10-day trading span. This capital infusion positions Spark Energy Minerals to advance its exploration efforts in Brazil and Canada, two prime regions renowned for their lithium and rare earth mineral potential. With the company's strategic acquisitions in these prolific mining jurisdictions, investors are keenly watching as Spark Energy Minerals navigates the burgeoning battery metals market.

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