Spark Energy Minerals Reports 2.00% Rare Earth Oxides in Cruzeta Granite Sample

Highlights

• A selective granite sample at Cruzeta, Brazil, returned approximately 2.00% total rare-earth oxides, with magnet rare-earth oxides comprising 28.6% of TREO.
• A 22-meter horizontal channel averaged 2,392 ppm TREO, but channel length does not equal deposit thickness and no mineral resource has been established.
• Praseodymium grades exceeded the analytical limit and await reanalysis, meaning reported figures represent a minimum estimate.
• REEx cautions that recoverable value per tonne after processing costs—not headline grade—will determine commercial viability.
• Follow-up drilling, mineral identification, and element-specific recovery tests depend on financing that must avoid excessive dilution.