Spark Energy Minerals Congratulates Pilbara Minerals and Latin Resources on Strategic AUS $560 Million Acquisition
August 16, 2024
CSE: SPRK | OTC: MTEHF | FSE: 8PC
Spark Energy Minerals Congratulates Pilbara Minerals and Latin Resources on
Strategic AUS $560 Million Acquisition
(Vancouver) – Spark Energy Minerals Inc. (CSE: SPRK | OTC: MTEHF | FSE: 8PC) (“Spark” or
the “Company”) congratulates Pilbara Minerals Ltd (ASX: PLS) and Latin Resources Ltd (ASX:
LRS, OTC: LRSRF) on their landmark A$560 million acquisition agreement. This strategic
transaction, which sees Pilbara Minerals acquire Latin Resources and its flagship Salinas Lithium
Project in Brazil, is a testament to both companies' commitment to advancing both their significant
land package, particularly in Brazil’s Lithium Valley and the global lithium industry as a whole.
The deal, which includes a 57% premium for Latin Resources shareholders, represents a significant
value creation opportunity and highlights the potential of the Salinas Project as a future top -tier
lithium operation. Spark Energy Minerals is thrilled with this collaboration, which strengthens the
position of both companies in the lithium market and paves the way for continued innovation and
growth in this critical sector.
Jon Hill, Vice -President of Exploration, comments: “This investment by Pilbara really
highlights and continues to propel Brazil’s Lithium Valley and its endowment of spodumene rich
pegamatites into the world sphere of long lived hard rock lithium producers. It ’s a testament to
Lithium Valley ’s importance on the world stage that Pilbara, a leading global producer has
identified, ranked highly, and now “put its money where its mouth is” with a significant investment
in this exciting development venture."
Eugene Hodgson, Chief Executive Officer, adds: “This further recognition of the Lithium
Valley’s world class credentials continues to reinforce Spark’s view and commitment to fully
exploring and developing this region’s potential.”
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. The Company has acquired assets in some of the world's
most prolific mining jurisdictions, including Brazil's growing lithi um area, which is gaining
recognition as a global hot spot for lithium and rare earth mineral exploration.
On behalf of the Board of Directors,
EUGENE HODGSON
CHAIR & CEO
SPARK ENERGY MINERALS INC.
For additional information, see the Company's website at https://sparkenergyminerals.com
Email: [email protected]
Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
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