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Spark Energy Minerals

Spark is advancing the approximately 91,900-hectare Arapaima critical minerals project in Brazil's Lithium Valley, where 28 Cruzeta holes have been reported and scandium has now been compiled across the complete target-scale dataset.

Field exploration at the Arapaima Project in Minas Gerais, Brazil

Investment Snapshot

28 Reported Cruzeta Holes Define a Repeating Gallium, Rare Earth and Scandium Sequence

Arapaima is Spark's approximately 91,900-hectare flagship project in Minas Gerais, within Brazil's Lithium Valley. Across 28 reported Cruzeta RC holes, drilling has consistently encountered gallium from surface followed by broad rare earth mineralization below. The latest results include an individual 2 m sample of 91.4 g/t Ga₂O₃, while seven holes returned scandium intervals from surface.

28
Reported Cruzeta holes

Target-scale drill dataset

91.4 g/t
Peak Ga₂O₃ sample

Individual 2 m sample in ARA-RC-021

37 holes
Follow-up program

2,024 m across Arapaima

91,900ha
Arapaima area

Flagship Minas Gerais project

Current Work

Near-Term Exploration Focus

Assay results from Arapaima targets outside Cruzeta remain pending and will be reported separately.
ANSTO metallurgical test work is in progress, with scandium intended to be added alongside gallium and rare earth elements; recovery has not been established.
Lower-detection-limit scandium analysis is planned on retained sample pulps.
Cruzeta infill drilling is being planned to support a potential future maiden mineral resource estimate.

The Arapaima Pattern

Gallium Above.Rare EarthsBelow.

Across the complete 28-hole Cruzeta dataset, drilling has repeatedly encountered near-surface gallium over broader rare earth-bearing zones below. Newly compiled scandium results and planned infill drilling now guide the next phase of work.

Road-cut exposure at the Arapaima Project in Minas Gerais, Brazil
Road-cut exposure at the Arapaima Project, Minas Gerais, Brazil

Market & Capital

Public Market Snapshot

Share Capital Snapshot

As at June 29, 2026

Shares Outstanding
198,781,243
Warrants
67,615,297
Options
14,100,000
RSUs
990,000
Fully Diluted
281,486,540

Trading Symbol

CSE: SPRK

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Investor Contact

Connect with Spark

For investor inquiries or additional corporate information, contact Spark directly.

Forward-Looking Information

This website contains forward-looking statements and information. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by such forward-looking statements. Further exploration is required to determine the extent, continuity, and economic significance of any mineralization referenced on this website. Spark Energy Minerals is an exploration-stage company and has not established any mineral resource or reserve estimates. Readers are cautioned not to place undue reliance on forward-looking information.

Technical Disclosure