Sparton Resources Inc. is pleased to announce that VRB Energy Inc. , in which the Company holds a significant indirect interest, reported, on January 11, 2019, the final commissioning of Phase 1 of the 40 Megawatt Hour vanadium-redox-battery energy-storage-system at Zaoyang, Hubei Province, China, with a 3 MW/12 MWh storage system commencing operation. Battery Modules Electrolyte Tanks Phase 1 is part of the larger 40 Megawatt Hour energy storage project awarded to VRB in 2017 with construction beginning in 2018. . The VRB-ESS is being used to integrate a large solar photovoltaic system into the local electricity grid, and the current 12Mwh installation is the largest VRB-ESS® built in China to date. Building on the valuable experience gained from the execution of this pr... [...]
Sparton Resources Inc. announced today that it has closed, effective December 14, 2018, a private placement financing totalling $50,000 through the sale of 714,286 flow through shares to the same institutional accredited investor that recently took down a $100,000 placement. Each Flow Through Common Share is priced at $0.07. The placement is non brokered and no finders fees or commissions are being paid. Proceeds will be [...]
Sparton Resources Inc. announced today that it has entered into, effective December 5, 2018, an agreement for a private placement financing totalling $50,000 through the sale of 714,286 flow through shares to one accredited investor. Each Flow Through Common Share. is priced at $0.07. The placement is non brokered and no finders fees or commissions are being paid. Proceeds will be used for expenditures on the [...]
Sparton Resources is pleased to announce that VRB Energy Inc., has reported, on October 31, 2018, the successful commissioning of the initial 1 megawatt hour vanadium-redox-battery energy-storage-system module of the Phase 1, 12 MWh energy storage project in Zaoyang, Hubei Province, China. Phase 1 is part of a larger 40 megawatt hour energy storage project awarded to VRB in 2017. . The VRB-ESS is being used to integrate a [...]
Sparton Resources Inc. announced today that, effective October 18, 2018, it has entered into an agreement for private placement financing totalling $100,100 through the sale of 1,430,000 flow through shares to one accredited investor. Each flow through common share is priced at $0.07. Proceeds will be used for expenditures on the Company’s Canadian Exploration Program including current drilling activities on the [...]
TORONTO, July 09, 2018 -- Sparton Resources Inc. announced today that it has closed, effective July 6, 2018, an agreement for a non-brokered private placement financing totalling $130,175 through the sale of 1,859,643 common share units to one accredited strategic investor. Each Common Share Unit is priced at $0.07 and consists of one common share and one common share purchase warrant to purchase one common share at $0.15 [...]
TORONTO, June 28, 2018 -- Sparton Resources Inc. is pleased to report that VRB Energy , formerly Pu Neng Energy, announced yesterday a Strategic Cooperation Framework Agreement with the Pangang Group Vanadium and Titanium Resources Co. Ltd. . Sparton’s 87.46% owned subsidiary VanSpar Mining Inc. owns an 18% equity interest in VRB. HPX Techco a private mineral exploration organization, and part of the I-pulse Group [...]
TORONTO, June 13, 2018 -- Sparton Resources Inc. announced today that it has entered into, effective June 13, 2018, an agreement for a private placement financing totalling $130,000 through the sale of 2,000,000 common share units to one accredited strategic investor. Each Common Share Unit is priced at $0.07 and consists of one common share and one common share purchase warrant to purchase one common share at $0.15 for [...]
TORONTO, May 28, 2018 -- Sparton Resources Inc. announced today that it has received final assay results from the initial three-hole drill program at on the Bruell Gold Property in Vauquelin Township, Quebec. Three holes all intersected significant gold mineralization and were completed for a total of 691 meters. One hole intersected a newly discovered broad altered shear zone grading 2.75 grams per ton over 6.67 meters [...]
LOS ANGELES, May 2, 2018 /PRNewswire/ -- FN Media Group Presents USA News Group News Commentary USA News Group - While the Li-ion energy storage market has seen unprecedented growth, to the point of element shortages, Vanadium may be the better technology for several grid-connected applications. It now appears that the vanadium has a shot a taking the lead in energy storage for grid-connected applications, large-scale [...]
TORONTO, March 22, 2018 -- Sparton Resources Inc. announced today that it has closed, effective March 22, 2018, agreements for private placement financing totalling $64,000 through the sale of 800,000 flow through shares to two accredited investors. Each Flow Through Common Share is priced at $0.08. Proceeds will be used for expenditures on the Company’s Canadian Exploration Program including current drilling [...]
TORONTO, March 16, 2018 -- Sparton Resources Inc. announced today that it has entered into, effective March 16, 2018, agreements for private placement financing totalling $64,000 through the sale of 800,000 flow through shares to two accredited investors. Each Flow Through Common Share is priced at $0.08. Proceeds will be used for expenditures on the Company’s Canadian Exploration Program including current drilling [...]
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