Ivanhoe Electric owns 90% of VRB Energy and..VRB Energy is the world leading grid scale vanadium flow battery business.
The small unknown company Sparton Resources on TSX owns the remaining approx. 10% of VRB Energy.
Sparton Resources has a very low Market Cap, only approx. 11 Mcad.
If Ivanhoe Electric maka a IPO of VRB Energy Sparton Resources will benefit enormous.
Sparton Resources
https://stockhouse.com/companies/quote?symbol=v.sri
Sparton Resources Inc is an exploration and development stage company and has interests in exploration and evaluation properties in Canada and China. It focuses on financing exploration for several resource projects and seeking new business for the drilling operation. Through its subsidiaries, it is also into the development of the vanadium redox flow battery. The company's other properties include Bruell Gold Property and Sir Harry Oakes Gold Property in Canada