Sparton Resources Inc.

Sparton Resources , , is pleased to announce that news of positive developments continues to flow from China following the signing of Definitive Agreements between the Company's 9.98%-owned VRB Energy Inc. , a subsidiary of privately held Shanxi Red Sun Co., Ltd. , and certain other affiliates, finalizing the terms of the transaction announced previously. The chronology of progress to date is as follows: On October 15, 2024, the parties signed the definitive agreements for the formation of the VRB China joint venture. On October 18, 2024, a ground breaking ceremony was held in Changzi, Shanxi Province, China, marking the construction of a 3GWh capacity vanadium flow battery manufacturing base. On December 11, 2024, the signing of a strategic cooperation agreemen... [...]

Sparton Resources Inc. is pleased to report a number of material events: Sparton has received assay results from the initial drilling program on the Pense Critical Metals Project in northeastern Ontario, confirming the presence of critical metals and also gold mineralization on the property. The Company has exercised its option to acquire a 100% interest in the Pense Property. VRB Energy Inc. has reported progress in establishing operations in the United States and positive developments with its battery manufacturing Joint Venture in China. Pense Project The Company is pleased to report that it has exercised its option to acquire 100% ownership in the Pense property. Assays, from four diamond drill holes, totalling 822 meters, were recently obtained on the Ontar... [...]

Sparton Resources , is pleased to report that Ivanhoe Electric Inc. announced today that definitive agreements have been signed between VRB Energy Inc. , and a subsidiary of privately held Shanxi Red Sun Co., Ltd. , and certain other affiliates, finalizing the terms of the transaction announced on September 23rd, 2024. . 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. The Chinese joint-venture, which will receive a US $35 million ca... [...]

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 [...]