RE:NEWS Lee Barker, commented: "Confirmation of the payment by State Grid after a rigorous commissioning program is another positive step forward for the Company. The funds to be received will ensure coverage of repayment for the debt financing we arranged to support this work. The ongoing maintenance program revenue over the next 3 years will also provide cash flow. As an extension to our subsidiary's success in assisting with the commissioning and maintenance program, we are continuing to pursue the opportunity to become directly involved in this industry. Advanced negotiations are underway, related to funding and potential acquisition of an international vanadium battery manufacturing group in association with strategic partners. Both of these opportunities arose out of our activities in pursuing vanadium exploration and mining opportunities in China. Those vanadium exploration and mining objectives continue to be part of Sparton and its subsidiaries' long-term plans."
the future seems promising .... good work lee