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St. Anthony Gold Corp ( (TSE:SPRK) ) has issued an update.
Spark Energy Minerals Inc. announced a non-brokered private placement to raise up to $500,000 by offering 10,000,000 units at $0.05 per unit. The funds will support the near-term drilling program at the Arapaima Project in Brazil, with the remainder allocated to general working capital. This move is expected to advance Spark’s exploration efforts in Brazil’s Lithium Valley, potentially enhancing its market position in the critical minerals sector.
More about St. Anthony Gold Corp
Spark Energy Minerals Inc. is a Canadian company focused on the exploration and development of critical minerals essential for the clean-energy transition. The company primarily operates in Brazil’s emerging Lithium Valley, known for its potential in lithium, gallium, and rare-earth elements. Spark’s flagship project, the Arapaima Project, covers approximately 91,900 hectares and targets lithium and gallium-REE mineralization. The company is dedicated to responsible exploration and supporting Brazil’s sustainable critical-minerals supply chain.
Average Trading Volume: 384,580
Technical Sentiment Signal: Sell
Current Market Cap: C$7.15M
For detailed information about SPRK stock, go to TipRanks’ Stock Analysis page.