TORONTO, March 06, 2018 -- Sparton Resources Inc. is pleased to announce that a work program has been approved for the advanced evaluation of the vanadium mineralization in the 16 square km. Yao Wan Polymetallic Exploration License, in the Zhen’an area of Shaanxi Province, China. See Sparton News Release dated January 2, 2018. Yao Wan Vanadium Project The Vanadium mineralization is strata bound and similar to other [...]
Sparton Resources Inc. announced today that it has signed a drill contract with Edcor Drilling Services for a minimum of 1,000 metres of core drilling on the Bruell Gold Property in Vauquelin Township, Quebec. The work is expected to start in the third week of January 2018 and requires a minimum of 3-4 weeks to complete. DRILLING PROGRAM The initial 1,000 metre program will involve testing an area on the east part of the [...]
Sparton Resources Inc. is pleased to announce that it has approved a Memorandum of Understanding for the advanced evaluation and possible acquisition of a 70% interest in the 16 square km. Yao Wan Polymetallic Exploration License, in the Zhen'an area of Shaanxi Province, China. MOU Agreement The Memorandum of Understanding has been entered into by a newly incorporated subsidiary of the Company, VStar Industries Inc. , and [...]
Sparton Resources Inc. is pleased to announce that Pu Neng Energy has announced, on December 4th, 2017, the appointment of John Wang as its new Chief Executive Officer, effective immediately. Mr. Wang is an experienced technology industry executive and entrepreneur with a wide range of international management experience. The appointment compliments and expands Pu Neng's management and technical team and will advance Pu [...]
Sparton Resources Inc. is pleased to announce that in relation to the news release issued earlier today where under PuNeng Energy announced has been awarded a contract for construction of a 12-megawatt hour vanadium flow battery as Phase 1 of a larger 40- megawatt hour energy storage project in Hubei Province China the following information regarding the Company's minority interest held in PuNeng is as follows: Sparton's [...]
Sparton Resources Inc. is pleased to announce that Pu Neng Energy has been awarded a contract for construction of a 12-megawatt hour vanadium flow battery as Phase 1 of a larger 40-megawatt hour energy storage project in Hubei Province, China. This is a major milestone for Pu Neng and represents significant value to the Company. Sparton's 89.8% owned subsidiary, VanSpar Mining Inc. holds a minority interest in Pu Neng [...]
Sparton Resources Inc. is pleased to report that that the Chinese Central Government has recognized battery technology as the key technology in the transition from fossil fuels to renewable energy. On September 22, 2017 the China National Development and Reform Commission and the National Energy Commission , jointly released Document 1701, "Guidance on the Promotion of Energy Storage Technology and Industry Development [...]
Sparton Resources Inc. announced today that it has closed, effective September 27, 2017 a private placement financing totalling $265,000 through the sale of 5,300,000 Units to five accredited investors. Each Unit is priced at $0.05 and consists of one Flow Through Common Share, and one Common Share Purchase Warrant. Each Common Share Purchase Warrant entitles the holder to purchase on non - flow through common share of [...]
TORONTO, ONTARIO--(Marketwired - Aug. 11, 2017) - Sparton Resources Inc. (TSX VENTURE:SRI) ("Sparton" or the "Company") announced today that it has entered into an option agreement with two independent prospectors (the "Vendors") to explore the 20 claim Bruell Property ("the Property") in Vauquelin Township, Quebec. The Bruell claims are located approximately 35 kilometers east of the prolific Val d'Or gold exploration [...]
TORONTO, ONTARIO--(Marketwired - Jul 28, 2017) - Sparton Resources Inc. (TSX VENTURE:SRI) ("Sparton" or the "Company") wishes to announce that it has received TSX Venture Exchange approval for debt settlement agreements (the "Agreements") with five creditors (which include the current President and CFO of the Company), as disclosed in the Company news release dated April 11, 2017. The Company has issued an aggregate of [...]
TORONTO, ONTARIO--(Marketwired - Jul 24, 2017) - Sparton Resources Inc. (TSX VENTURE:SRI) ("Sparton" or the "Company") announced today that its 89.8% owned subsidiary VanSpar Mining Inc. has received a Financing Notice and Subscription Agreement from JD Holding Inc. ("JDH") whereunder JDH will raise US $5 million through the sale of 38,759,690 Shares at a deemed value of USD$0.129 per share. JD Holding Inc. is the parent [...]
TORONTO, ONTARIO--(Marketwired - Jun 9, 2017) - Sparton Resources Inc. (TSX VENTURE:SRI) ("Sparton" or the "Company") is pleased to report that Company President, Lee Barker, attended the 6th International Energy Storage Conference and Expo ("CNESA"), held in Beijing, China from May 22 - 24, 2017, where Pu Neng Energy ("PN"),18% owned by Company subsidiary VanSpar Mining Inc., presented its latest vanadium flow battery [...]