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Spark Energy Minerals Acquires Nova Energia Property In The "Lithium Valley" Brazil; Expands Land Holdings to 34,000 Hectares
VANCOUVER, BC / ACCESSWIRE / March 9, 2023 / Spark Energy Minerals Inc., ("Spark" or the "Company" (CSE:EMIN) (Frankfurt:M1N) (OTC:MTEHF), has entered into a mi
About this update from Spark Energy Minerals Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 9, 2023 / Spark Energy Minerals Inc., (\"Spark\" or the \"Company\" (CSE:EMIN) (Frankfurt:M1N) (OTC:MTEHF), has entered into a mineral claims purchase agreement dated March 8, 2023, with Talisman Venture Partners, Ltd. (\"Talisman\" ), pursuant to which the company will acquire from Talisman a 100 percent ownership interest in 6 (six) exploration permits, known as the \"Nova Energia\" Property, comprising approximately 8,631 thousand hectares (8.6k ha) of surface area in Minas Gerais, Brazil. The licenses surround Spark Energy's current 3,500 hectare Property. Peter Wilson, Chief Executive Officer of Spark stated, \"Acquiring this land package adjacent to the 3,500 hectares already held by Spark, are highly prospective properties that offer excellent potential.\" Wilson went on to say, \"This package along with the 22k Hectares recently acquired makes Spark one of the largest land holders in the \"Lithium Valley\" holding almost 34k hectares. The transaction Pursuant to the terms of the agreement and in order to complete the transaction, Spark shall pay to Talisman: $100,000 CDN on signing of the agreement; Issue Talisman 10,000,000 units of the Company. Each unit will consist of one common share of the Company and an additional warrant giving the unit holder the right to purchase an additional share of the Company at $0.15. The warrant will have a 2 year term attached. Talisman shall retain a 1% N.S.R. The Company can purchase %0.5 from Talisman at any time for $1,000,000 CDN. Completion of the transaction is subject to customary closing conditions including the company being satisfied with the results of its due diligence review. The company has 90 calendar days from the date of execution of the agreement to complete. The transaction is arm's length, and the company is not paying any finders' fees in connection therewith. About Spark Energy Minerals Inc. Spark Energy Minerals, Inc., is a Canadian company pursuing battery metals and mineral assets with newly acquired interests in Brazil and Canada. The Company has acquired assets in some of the world's most prolific mining jurisdictions, Brazil's growing lithium and provinces and in the Newfoundland, Canada region which is gaining recognition as a world hot spot for lithium and rare earth mineral exploration. FOR ADDITIONAL INFORMATION SEE TH...