St. Anthony Gold Corp. Announces Name Change to Spark Energy Minerals Inc.
St. Anthony Gold Corp. Announces Name Change to
Spark Energy Minerals Inc.
VANCOUVER, BC / ACCESSWIRE / November 8, 2022 / St. Anthony Gold Corp. (“St. Anthony”
or the “Company”) (CSE: STAG) (Frankfurt: M1N) (OTC: 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 bearing
pegmatites.
Goas REE Project
• Outside of China, Brazil is the dominant global producer of certain REEs, with most major
producers and explorers of REEs in Brazil located in the state of Goas where St. Anthony can
acquire two REE exploration licenses.
Canadian Assets
On September 26, 2022 St. Anthony Gold announced that the Company currently has the option
to acquire 100% interest in the Burgeo Lithium asset located in Burgeo Newfoundland.
The Burgeo Lithium project consists of two mineral exploration licences containing 142 and 66
claims, respectively over 5,200 hectares.
• The two licences are located approximately 20 kilometres and 7 kilometres respectively,
northeast of the small town of Burgeo on the south coast of Newfoundland.
• The evolving deposit model examines radiating pegmatite dykes from the core of the Burgeo
and Chetwynd granites. The model being applied on their Grey River area Kraken lithium project
by the Sokoman Minerals and Benton Resources join venture is based on analogues with
deposits in the Carolinas in the eastern USA and the Caledonides of Ireland.
• Government mapping in 1985 suggested the Chetwynd Granite has potential for economic
concentrations of F-Sn-W-Mo and U.
• The property has potential for lithium, molybdenum, fluorite, tin, tungsten, uranium,
tantalum, and other rare metals.
The Company’s CEO Peter Wilson comments, “St. Anthony is excited to rebrand and shift its
focus to the battery metals and materials sector. Given the strong demand for battery materials
and prolific growth of demand for materials like Lithium, we see significant opportunity in
aligning the company, under the new name Spark, with the global decarbonization mandate
currently underway.”
The Company continues to hold investment interests in the precious metals sector through
Trillium Gold Mines Inc. (TSX.V: TGM) in Canada and an investment interest in the Mallay Mine
in Peru.
With the recent over subscribed closing of a $1,500,000 financing, the Company looks forward
to commencing exploration activity on the Minas Gerais Project and further acquisitions of asset
packages in the battery minerals and materials sector, under the new name Spark Energy
Minerals Inc. The effective date of the new name will be announced when available.
The technical information contained in this news release has been reviewed and
approved by Dr. Paul Woolrich (BSc, geology, MSc, geochemistry, PhD, metallurgy),
who is a member of the MAusIMM and a qualified person as defined under National
Instrument 43-101.
FOR ADDITIONAL INFORMATION SEE THE COMPANY'S WEB SITE AT
https://stanthonygoldcorp.com
Email to [email protected]
Contact: Peter Wilson CEO - 604-649-0945
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.
Further information about the Company is available on www.SEDAR.com under the Company’s
profile.
Certain statements contained in this release may constitute "forward-looking statements" or
"forward-looking information" (collectively "forward-looking
information") as those terms are used in the Private Securities Litigation Reform Act of
1995 and similar Canadian laws. These statements relate to future events or future
performance. The use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated", "anticipates" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and are
based on the Company's current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. In particular, this release contains
forward-looking information relating to the business of the Company, the Property, financing
and certain corporate changes. The forward-looking information contained in this release is
made as of the date hereof and the Company is not obligated to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise, except
as required by applicable securities laws.