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Bullboard - Stock Discussion Forum Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and... see more

TSXV:SRI - Post Discussion

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Post by jomby on Jul 14, 2021 8:30am

big new

Sparton Announces That VRB Energy’s Vanadium Redox Battery System Has Been Selected for National Evaluation in China
 

TORONTO, July 14, 2021 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV: SRI) ("Sparton" or the "Company") reported today that VRB Energy Inc. (“VRB Energy”) 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 (“the 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 (“PRC”) 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 National Energy Administration. Its mandate is to produce systematic scientific research data on the practical operation of integrated photovoltaic energy generation and energy storage technology. The operating performance of the system will be fully evaluated and assist in setting technical standards and industry policies for future installations in the PRC.

The Center and the battery system are scheduled to be completed and fully functional by September 26th, 2021. Once operational, the Center will evaluate performance and promote technological innovation, and the application of scientific protocols within the entire energy storage industry chain. This work will include evaluation of the integration of photovoltaic/vanadium battery storage systems into diversified industries according to their power needs and provide guidance for new and larger scale photovoltaic and energy storage projects. Locally it will promote urban transformation and development, and the revitalization of the Daqing Area and all of north-eastern China.

VRB Energy has been selected for the project amongst several competitors and is being recognized as the supplier of choice in China for this evaluation of vanadium redox battery energy storage systems. It has advanced technology and the ability to deliver reliable, efficient, and safe installations.

“Sparton is delighted with this news,” stated Lee Barker, Sparton CEO. “This is a clear recognition that VRB Energy is the leading vanadium flow battery manufacturer in China and bodes well for new future sales. The new Gen3 system nearing completion in development will be another milestone in VRB Energy’s technical development journey.”

The Company owns a minority interest in VRB Energy through its subsidiary, VanSpar Mining Inc.

Information regarding the Company’s interest held in VRB Energy is as Follows:

Sparton’s 89.8% owned subsidiary, VanSpar Mining Inc., registered in the British Virgin Islands, owns 9.8% of VRB Energy which is registered in the Cayman Islands, which in turn owns 100% of VRB Energy Systems, registered in China, and is the vanadium flow battery manufacturer. Full information regarding the history of the VRB Energy investment interest held by Sparton is in its various news releases and available at www.sedar.com in its corporate filings.

For more information contact:

A. Lee Barker, M.A Sc., P. Eng.
President and CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca Website: www.spartonres.ca

Comment by kewlmoed on Jul 14, 2021 9:39am
Nice update. VRB setting the standard.
Comment by bantaly on Jul 14, 2021 9:56am
THI IS HUGE DOLLLARS , BUY NOW OR MISS THE FLIGHT , JUST MARK MY WORDS , MORE NEWS ABOUT 5 BUCKING CONTRACTS COMING SOON ,NEWS COULD BE TOMMOROWS
Comment by bantaly on Jul 14, 2021 10:18am
PLEASE, DO NOT SELL DUE TO PEOPLE SCARE YOU ON THIS BOARD , DO YOUR OWN DD , BELIEVE IN THE FACT OF NEWS , HOLD ON YOUR SHARES,TO MY DD I WOULD SAY  SRI IS ON THE RISE
Comment by bantaly on Jul 14, 2021 10:20am
AND REMEMBER 5 MORE BUCKING CONTRACTS ARE ON THE WAY LIKE MR: LEE PARKER SAID ON THE INTERVEW VIDIEO
Comment by bantaly on Jul 14, 2021 10:35am
AND SRI COULD BE TRADING INTO DOLLARS BY THE END OF END-YEAR, HEY GERMAN WHAT DO YOU SAY ?
Comment by GermanFlower on Jul 14, 2021 12:23pm
Hey bantaly,  I'm on vacation and I'm happy about the good news.  I think there will be regular news now because VRB wants to grow and go public.  1 dollar is the goal
Comment by bantaly on Jul 14, 2021 1:41pm
AND GOOD TO SEE YOU BACK GERMAN
Comment by Dollarmover87 on Jul 14, 2021 1:02pm
Agreed bants. Ive been saying that since .04...what about your claim to spmt?? Wtf is happening there?
Comment by bantaly on Jul 14, 2021 1:40pm
I STILL HOLD SPMT DOLLARS , GOOD TO ADD MORE , ERIC SPROTT WILL DO ANOTHER PP FOR THEM , LOOK AT NFG IN NEWFOUNLAND PLAYER 
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