Sparton Resources Inc.

Sparton Resources Inc. is pleased to announce the closing on December 18, 2023, of the first tranche of the non-brokered private placement announced on December 8, 2023 for gross proceeds of C$500,000. Sparton has issued 10,000,000 Quebec Flow-Through Share Units of the Company at a price of C$0.05 per QFTS Unit for proceeds of C$500,000. Each QFTS Unit will consist of one common share of the Company and a ½ non-flow [...]

Sparton Resources is pleased to report today that VRB Energy Inc. reported through its China domestic website, on October 29, 2023, the successful 10-year performance review of its 8Mwh GEN1 vanadium flow battery installed at the North China State Grid Zhangbei Renewable Energy Generation and Storage Demonstration Site about 180 km north of Beijing PRC. Sparton owns a 90% interest in its subsidiary VanSpar Mining Inc [...]

Sparton Resources is pleased to report today that Ivanhoe Electric announced, on August 30, 2023, that its 90% owned subsidiary, VRB Energy Inc., has received Underwriters Laboratories 1973 certification for its third generation Energy Storage System . UL 1973 is an internationally recognized global standard for commercially available battery energy storage. This is a major achievement for VRB Energy as the "Gen3 VRB-ESS®" is the only battery system currently available that is certified at the UL 1973 Standard for a 1-Megawatt Hour power module. This is the basic VRB Energy building block for its electricity storage systems. Sparton's interest in VRB Energy is held through a 90% interest in VanSpar Mining Inc. which in turns owns 9.975% of VRB Energy. Full information regardi... [...]

Sparton Resources Inc. is pleased to announce positive early assay results from Eldorado Gold Corporation's winter drilling program at the Bruell gold project, east of Val D'Or, Québec. Eldorado has completed 8,430 meters of oriented core drilling in 18 holes, in the initial 2023 program at Bruell. The work tested a variety of targets along a four-kilometer gold mineralization corridor extending from the Bruell 1, and 2 [...]

Sparton Resources Inc. announced today that the private placement financing announced in the Company news releases dated December 1st and December 30th, 2022, through the sale of 1,100,000 Flow Through Share Units to a number of individual accredited investors for total proceeds of $88,000 has now terminated. No cash commissions, finder's fees, or agent warrants were paid in relation to the funds raised. For additional [...]

Sparton Resources Inc. announced today that it has closed, effective December 30, 2022, the first tranche of a $500,000 private placement financing through the sale of 1,100,000 Flow Through Share Units to a number of individual accredited investors for total proceeds of $88,000. Please see Sparton news release dated December 1, 2022. Each Unit consists of one common share of the Company priced at $0.08 and a one-half [...]

Sparton Resources Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to C$500,000 from the sale of up to 6,250,000 flow-through units of the Company at a price of C$0.08 per FT Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering. Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of [...]

Sparton Resources Inc. is pleased to report that it has completed the earn-in and exercised its option to acquire 100% of the 51-claim Bruell Property in Vauquelin Township, Quebec . It did so by issuing a total of 1.5 million common shares of the Company, making $300,000 in cash payments to the vendors, and incurring $1.5 million in exploration expenditures on the claims pursuant to an option agreement entered into in [...]

Sparton Resources Inc. is pleased to announce that the Induced Polarization survey covering the Oakes area and surrounding claims near Matachewan Ontario has started. As well, mobilization in order to carry out the 5,000 metre drill program at the Bruell Project in Quebec is in process, with drilling expected to begin the first week of March. OAKES IP PROGRAM The survey has been contracted to Canadian Exploration Services [...]

Sparton Resources Inc. is pleased to report that the Zhangbei wind and solar renewable energy project will provide 100 percent of the energy used during the Beijing 2022 Olympic Winter Games which begin today. Zhangbei, a county in Hebei Province in north China, is one of the four places where power stations were built to convert wind, solar and other green energies into flexible direct current. An integral Part of the [...]