Northwire Canada EditionWednesday, November 11, 2026
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Drill Results

Spark Announces Completion of Maiden Drill Campaign in Brazil's Lithium Valley and Provides Corporate Update

By The Northwire Desk — AI Analysis Feb 06, 2026 · 16:06 SPRK · 0.04 Spark Energy Minerals Inc.
SPRK · Price

Executive Summary

  • Spark Energy Minerals completed its maiden reverse‑circulation (RC) drill campaign at the Arapaima Project in Brazil, drilling five holes for a total of 296 m.
  • The company announced the mid‑point of its warrant incentive program, offering a reduced $0.05 exercise price and additional “Incentive Warrants” to participants.
  • New marketing and agency agreements were entered into with Pinnacle Capital Markets Ltd. (digital marketing) and bullVestor Medien GmbH (European advertising), each involving cash fees and share‑based compensation.

Key Details

  • Drill Campaign – Arapaima Project
  • Five RC holes completed:
    • ARA‑RC‑001 – 58 m
    • ARA‑RC‑002 – 44 m
    • ARA‑RC‑003 – 94 m
    • ARA‑RC‑004 – 46 m
    • ARA‑RC‑005 – 54 m (total 296 m)
  • Targeted saprolite overlying Caladão Granite; sample recovery 85‑100 %.

  • Samples taken at 2‑m intervals, split and sent to SGS Geosol for analysis; results pending.

  • Warrant Incentive Program

  • Mid‑point reached; program ends 22 Feb 2026 (5 pm PT).
  • Exercise price during incentive period: $0.05 per warrant.

  • For each exercised warrant, holder receives one “Incentive Warrant” to purchase an additional share at $0.06 for one year.

  • Marketing Agreement with Pinnacle Capital Markets Ltd.

  • Term: 1 year (auto‑renewable).
  • Services: digital marketing, platform development, advertising, social‑media enhancement.

  • Compensation: $4,500 per month cash + option grant for 200,000 common shares at $0.05 per share (exercisable for 3 years, subject to CSE approval).

  • Agency Agreement with bullVestor Medien GmbH

  • Term: 1 month (5 Feb 2026 – 5 Mar 2026).
  • Services: advertising consulting, design/creation for print & online, direct‑marketing campaigns in Austria, Germany, Switzerland.

  • Compensation: CAD $50,000 cash fee.

  • Board Update

  • Director Wendy Chan resigned effective 8 Jan 2026; board vacancy under evaluation.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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