Business
St. Anthony Gold Announces Name Change to Spark Energy Minerals
VANCOUVER, BC / ACCESSWIRE / November 8, 2022 / St. Anthony Gold Corp. ("St. Anthony" or the "Company") (CSE:STAG) (Frankfurt:M1N) (OTC PINK:MTEHF) is pleased t
About this update from Spark Energy Minerals Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 8, 2022 / St. Anthony Gold Corp. (\"St. Anthony\" or the \"Company\") (CSE:STAG) (Frankfurt:M1N) (OTC PINK:MTEHF) is pleased to announce it will change its name to Spark Energy Minerals Inc. This change of name aligns with St. Anthony Gold Corp.'s renewed mandate to pursue the acquisition and advancement of assets in the battery metal and materials sector. St. Anthony. has recently acquired a portfolio of battery metals and materials assets in the highly prospective regions of Newfoundland, Canada and Brazil. Brazilian Assets On October 1, 2022, St. Anthony entered into a non-binding Letter of Intent (LOI) with Foxfire Metals Pty Ltd (\"Foxfire\"), an Australian Company, pursuant to which the Company intends to acquire a 75% interest in eight Brazilian exploration licenses (the \"Brazilian Portfolio\"); six for lithium and two for rare earth elements (REE). The Brazilian Portfolio The Brazilian Portfolio totals 12,315 hectares of highly prospective lithium and REE exploration licenses, in the states of Minas Gerais and Bahia for lithium and Goas for REEs. Brazil is now recognized as one of the world's major high grade lithium producers as confirmed by Tesla supplier recently securing off take agreements with Sigma Lithium Corporation's (TSX-V: SGML) subsidiary Brazilian Sigma Mineração SA (Sigma). The Minas Gerais Project • Three of the six acquiring lithium licenses are only ~38 km to the east of Sigma's Grota do Cirilo property in Minas Gerais, Brazil. • These three lithium licenses lie within the highly prospective northern portion of the state of Minas Gerais in the municipality of Padre Paraiso, location of the Brazilian lithium producing districts and lithium belt. The areas are known to host lithium bearing pegmatites associated with spodumene, lepidolite and amblygonite. • Minas Gerais state owned Companhia Brasileira de Litio's mining operation and Lithium Ionic (TSX-V: LTH) as well as Australian-based Latin Resources Limited (ASX: LRS) and Oceana Lithium Limited (ASX: OCN) have recently made discoveries in the same, well known lithium province and pegmatite area of Minas Gerais. Bahia Lithium Project • The other three of the six acquiring lithium licenses are situated in the north-eastern states of Bahia, Pernanbuco, and Rio Grande do Norte and have the potential to host lithium b...