Subscribe
Be the first with the news that moves the market- Spark Energy Minerals (CSE:EMIN) is set to acquire prospective lithium lands in Brazil from Talisman Venture Partners
- The company will acquire 100 per cent ownership in nine exploration permits known as the CE Property spanning 16,245.60 hectares
- Spark Energy Minerals will pay C$150,000 to Talisman Venture Partners and issue 4.5 million of its shares
- Shares of the company are unchanged at $C0.21
Spark Energy Minerals (CSE:EMIN) is set to acquire prospective lithium lands in Brazil from Talisman Venture Partners.
In a news release, the Vancouver-based company stated it will acquire 100 per cent ownership in nine exploration permits known as the CE Property spanning 16,245.60 hectares.
As part of the purchase, the company will pay C$150,000 to Talisman Venture Partners and issue 4.5 million of its shares.
“This land package being acquired, along with the approximately 35,000 hectares already held by Spark, are highly prospective properties that offer excellent potential,” Peter Wilson CEO of Spark Energy Minerals, said in a statement. “Spark is one of the largest landholders in ‘Lithium Valley,’ holding almost 35,000 hectares and now adding this additional 16k hectares in Ceara State.”
Spark is focused on battery metals and mineral assets with interests in Brazil and Canada.
Shares of the company are unchanged at $C0.21.
Join the discussion: Find out what everybody’s saying about this stock on the Spark Energy Minerals Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
