Sparton Resources , , is pleased to provide additional information that has been brought to our attention regarding the recently announced investment by Red Sun in the Chinese battery production operations of VRB Energy Inc. and the establishment of a Joint Venture between Red Sun and VRB Energy's operating company in China . This information should provide additional information and a better understanding of the scope and importance of this investment and its value to the Company. Sparton's interest in the flow battery industry is a 9.975% interest in VRB Energy held through Sparton's 90% interest in VanSpar Mining Inc. Full information regarding the history of the Company's VRB Energy investment is available in its various news releases and corporate filings a... [...]
Sparton Resources Inc. , , is pleased to report that Ivanhoe Electric Inc. announced today that VRB Energy Inc., is planning to expand vanadium flow battery manufacturing into the United States and that its existing operations in China will become subject to a 51/49 Joint-Venture following an investment from Red Sun, a leading Asian new energy group. Sparton's interest in the flow battery industry is a 9.975% interest in VRB Energy held through Sparton's 90% interest in VanSpar Mining Inc. Full information regarding the history of the Company's VRB Energy investment is available in its various news releases and corporate filings available at www.sedarplus.ca, and on the Sparton website at www.spartonresources.com. VRB Energy will establish VRB USA,... [...]
Sparton Resources , , is pleased to report today that the US Department of Energy has, after an extensive study, selected flow batteries as the best option for long duration and low-cost energy storage. Sparton's interest in the flow battery industry is a 9.975% interest in VRB Energy Inc. held through Sparton's 90% interest in VanSpar Mining Inc. Full information regarding the history of the Company's VRB Energy investment is available in its various news releases and corporate filings available at www.sedar.com, and on the Sparton website at www.spartonresources.com. DOE Report On August 16, 2024, The US Department of Energy's Office of Electricity, published a comprehensive report on different options for long-duration energy storage costs, with flow batterie... [...]
Sparton Resources Inc. is pleased to announce the final closing on July 17th, 2024, of the non-brokered private placement announced on June 17th, 2024, for gross proceeds of C$320,000. The Offering was closed in two tranches, one of $200,000, and one of $120,000. The Company intends to use the proceeds of the offering for the exploration on the Quebec side of the Company's Pense-Montreuil Project which straddles the [...]
Sparton Resources Inc. is pleased to announce the closing on June 26, 2024, of the first tranche of the non-brokered private placement announced on June 17, 2024, for gross proceeds of C$320,000. This release constitutes an amendment to the news release dated June 17, 2024, to include finders' warrants. The closing was in two tranches dated June 20, and June 26, 2024. Sparton has issued 6,400,000 Quebec Flow-Through [...]
Sparton Resources Inc. is pleased to announce non-brokered private placements for gross proceeds of up to C$500,000. Up to 10,000,000 Flow-Through Shares of the Company will be offered at a price of C$0.05 per FTS for proceeds of up to C$500,000. Each FTS will consist of one common share of the Company. The Company intends to use the proceeds of the offering for the exploration of the Company's Critical Metals and Gold [...]
Sparton Resources Inc. is pleased to announce that Eldorado Gold Corporation has, effective April 18, 2024, exercised its option to acquire from Sparton an initial 75% interest in the Bruell gold project, east of Val D'Or, Québec. Further Option Extension Sparton and Eldorado have executed, effective April 18, 2024, a further amendment to the original Option Agreement to delete the twenty business day further option [...]
Sparton Resources Inc. reported today that it has accelerated exploration work on its two gold and critical metals projects in Ontario and Quebec. These include the Oakes project in Ontario and the Pense Project in northeastern Ontario and western Quebec. Bruell Project Quebec Eldorado Gold Corp. is also actively assessing the project data to implement a decision related to its future involvement at the Bruell gold [...]
Sparton Resources Inc. announced today that it has received preliminary results from an airborne electromagnetic and magnetic survey covering most of the 90 claim Pense Property in northeastern Ontario and western Quebec. The claims are located approximately 25 kilometres east of Englehart, Ontario. The Company is also pleased to announce that the Company and Eldorado Gold Corp. have executed an agreement effective [...]
Sparton Resources Inc. is pleased to announce it has received final approval from the TMX Venture Exchange of the non-brokered private placement announced on December 8th, 2023. This financing was fully closed effective December 31st, 2023, with conditional approval from the Exchange. Sparton has issued a total of 11,500,000 Flow-Through Share Units of the Company at a price of C$0.05 per FTS Unit. Each FTS Unit consists [...]
Sparton Resources Inc. is pleased to announce the closing on December 29th, 2023, of the second tranche of the non-brokered private placement announced on December 8th, 2023, for gross proceeds of C$205,000, . This financing is fully closed effective December 31st, 2023. Sparton has issued 1,500,000 Flow-Through Share Units of the Company at a price of C$0.05 per FTS Unit for proceeds of C$75,000. Each FTS Unit consists [...]
Sparton Resources Inc. is pleased to announce the closing on December 29th, 2023, of the second tranche of the non-brokered private placement announced on December 8th, 2023, for gross proceeds of C$207,000. This financing is fully closed effective December 31st, 2023. Sparton has issued 1,500,000 Flow-Through Share Units of the Company at a price of C$0.05 per FTS Unit for proceeds of C$75,000. Each FTS Unit consists of [...]
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