Sparton Resources Inc. reported today that construction of a world class 100MW/500MWh Storage system by VRB Energy Inc. has officially started. The project, launched in Xiangyang, Hubei Province, China, is being implemented by Hubei Province and the State Power Investment Group as part of China's national "Carbon Neutral and Carbon Peak Strategy". The total investment in the project is RMB 9.32 billion . RMB 5 billion will be invested in the construction of the 1GW wind power and photovoltaic power generation projects, and 4.32 billion will be invested in the construction of the initial 100MWh all-vanadium redox flow battery energy storage power station along with500MW of distributed rooftop photovoltaic installations. The Company currently owns, through its sub... [...]
Sparton Resources Inc. reported today that it has raised approximately $600,000 in new capital through the exercise of outstanding warrants and incentive stock options. Ninety-five percent of the outstanding warrants from the 2020 Company financing were exercised, as well as seventy-four percent of the outstanding incentive stock options. Funds [...]
Sparton Resources Inc. reported today that VRB Energy Inc. recently announced that it has been selected by the China State Power Corporation to install a 500KWh vanadium flow battery at the National Photovoltaic and Energy Demonstration Experimental Center in Daqing, north-eastern China. The Center has agreed to purchase a 125KW/500KWh all vanadium redox flow battery energy storage system from VRB Energy. The unit will be installed at the Center and used as an evaluation and demonstration unit to assist in developing the Peoples Republic of China's industrial energy storage policies and technical standards as part of the nation's commitment to carbon neutrality. The Center is PRC's first integrated photovoltaic and energy storage evaluation site approved by the ... [...]
Sparton Resources Inc. reported today on a major financing for its minority held subsidiary VRB Energy Inc. . The Company currently owns, through its subsidiary VanSpar Mining Inc., a 9.8% equity interest in VRB Energy", a leading manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation. . On July 2, 2021 VRB Energy announced an investment of US$24 Million by BCPG PLC - a Thailand-based public company and developer and owner of renewable energy projects in the Asia-Pacific region, with 900 megawatts in operation and a pipeline of over 2,200MW, across Southeast Asia, Japan and Australia. Investment The investment will support rollout of VRB Energy's Gen3 VRB-ESS? product , expanded manufacturing capa... [...]
Sparton Resources Inc. reported today on recent media articles related to large scale energy storage systems and energy storage technology. The Company currently owns, through its subsidiary VanSpar Mining Inc., a 9.8% equity interest in VRB Energy Inc. a leading manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation. . Possible Ban on Lithium Based Large Scale ESS in China As reported on June 25, 2021, by the Chinese Media Group "Caixing" and UK based "Energy Storage Publishing", "China is on the verge of banning the use of second-life lithium-ion batteries in large-scale energy storage systems amid a spate of fires this year". In January, an explosion at a China recycling plant owned by lithium-... [...]
Sparton Resources Inc. announced the beginning of the 2021 field programs in Ontario and Qu?bec, and detailed evaluation of a new poly metallic project in Ontario. D'OR EAST, QUEBEC Eldorado Gold has initiated field work at Bruell and will continue the comprehensive till / soil survey started in 2020 that will complete coverage of the entire 51 [...]
Sparton Resources Inc. announced initial drilling results for work completed in late 2020 at the Oakes Gold Project, near Matachewan, Ontario. Program Six core holes comprising a total of approximately 800 metres were diamond drilled at the sites of historical holes numbered DDH 2A, DDH 3 and DDH 5. . All holes, except number 6, were drilled to the [...]
Sparton Resources Inc. is pleased to announce that VRB Energy Inc. reported, on March 15, 2021 an agreement signed on March 4th, 2021, to build China's largest photo voltaic solar integrated battery system. Sparton owns a minority interest in VRB and was instrumental in organizing the acquisition and reactivation of VRB by the current majority shareholder, High Power Exploration . VRB's Chairman, Robert Friedland and CEO Mianyan Huang reported on the four-party agreement to build in phases, a 500 MWh PV and energy storage power station integrating VRB's vanadium flow battery energy storage system . The project will be located in Xiangyang, Hubei Province at a new industrial park complex that will include a VRB-ESS manufacturing "Gigafactory", and a vanadium flow... [...]
Sparton Resources Inc. provided today an update on the 2020 work program completed by Eldorado Gold Corp. on the Company’s Bruell Gold Property in Vauquelin Township, Quebec. Earlier work by the Company on the Bruell claim group discovered new gold mineralization contained in a number of shear zones and related quartz vein systems located in the [...]
Sparton Resources Inc. is pleased to announce that it has signed, effective November 17, 2020 a Memorandum of Understanding with the Matachewan First Nation related to its exploration program activities on the Sir Harry Oakes Gold Project near Matachewan, Ontario. MFN is a signatory to Treaty No. 9 and holds inherent aboriginal and treaty rights to [...]
Sparton Resources Inc. announced today that it has begun its initial 2000-metre drill program on the Sir Harry Oakes Gold Project near Matachewan, Ontario. A 3 km access road has been completed and drill site locations set out with proper environmental guidelines and setbacks from the nearby lake. The current plan is for a total of 10 holes to be [...]
Sparton Resources Inc. announced today that it has located a comprehensive data set of the past work carried out on the Oakes Gold Project, near Matachewan, Ontario. The information has been graciously provided by the family of the late Robert Peters, one of the former partners who managed the mining syndicate supported by the Harry Oakes interests [...]
