Sparton Resources Inc. VRB China Announcement [Yahoo! Finance]
Ivanhoe Electric Inc. (IE)
Company Research
Source: Yahoo! Finance
TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Sparton Resources (TSX-SRI-V), (“the Company”), is pleased to report news from VRB China. It was announced September 5, 2025, that Beijing Puneng Century Technology Co. Ltd. (“BJP”) has successfully won the bid to construct a 50 Megawatt, 200-Megawatt Hour all-vanadium liquid flow battery energy storage power station in Longzhouping Town, Changyang, Hubei Province PRC. This announcement marks a significant milestone in the progress of the VRB China Joint Venture, which is 51% owned by Shanxi Red Sun Co., Ltd. (“Red Sun”) and 49% owned by VRB Energy Inc. (“VRB Energy”) through its 100% ownership of BJP. Sparton's interest in the flow battery industry is a 9.975% interest in VRB Energy Inc. held through Sparton's 90% interest in VanSpar Mining Inc. This translates into an indirect 4.4% interest held by the Company in the VRB China Joint Venture. Ivanhoe Electric Inc. (“IE”) owns 90.025% of VRB Energy which owns 100% of BJP. The Joint Vent
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