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Spark Energy Minerals Inc C.SPRK

Alternate Symbol(s):  SPARF

Spark Energy Minerals, Inc. is a Canadian company focused on the acquisition, exploration, and development of battery metals and mineral assets in Brazil. Its 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 totaling 39,596.63 hectares of surface area. It is located over 11 kilometers (km) east of both the Groto do Cirilo Project and Itinga Project, and 13 km east of the Neves Project, in the State of Minas Gerais, Brazil. It has an agreement to acquire a 100% ownership interest in nine mineral tenements, known as the CE property, located in Ceara state, Brazil. It has a 100% interest in 12 mineral tenements located in Rio Grande do Norte state, Brazil, known as the RN property. The Company also has interests in Joaima and Vertex Projects in Minas Gerais, Brazil.


CSE:SPRK - Post by User

Post by Justdosomeddon Jan 30, 2023 1:55pm
92 Views
Post# 35254418

2023 Exploration is Starting to Ramp Up

2023 Exploration is Starting to Ramp Up
EVs are one of the fastest-growing sectors in technology as the transition away from ICE vehicles continue. Now all of the recent growth is only expected to accelerate as mass transit, and other forms of transportation also make the transition. However, this has caused lithium prices to rise nearly 10-fold since 2021, making it the perfect environment for mining companies to capitalize on the struggling supply market.
 
https://www.grandviewresearch.com/industry-analysis/lithium-market
 
EMIN recently confirmed pegmatites at its Minas Gerais project in Brazil and. Foxfire, their JV partner, completed a geochem-ground reconnaissance and mapping program on three of its Lithium and Rare Earth licenses. And Sigma Lithium, which owns a deposit just 38km away, recently saw Raymond James ($1.18T AUM) acquire some shares as they look to gain exposure in the space. We should be hearing back later in Q1 about the assay results for the LCT pegmatites as well.
 
- The Brazilian portfolio spans 12,315 hectares of land with a focus on both lithium and REE deposits.
- The Canadian portfolio in Canada consists of the Burgeo Lithium North, which covers 5,200 hectares and two licenses.
 
Overall, with this company still being in its early stage, there’s a lot of upside potential as the lithium market continues to see high demand and their exploration efforts accelerate. The valuation of just $8M makes this one to watch.
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