CA Market News
1週前
Sparton Resources Inc. Announces Adoption of Semi-Annual ReportingJune 3, 2026 2:05 PM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / June 3, 2026 / Sparton Resources Inc. ("SRI"-TSXV") (the "Company") announces that on April 13th, 2026, by Board Resolution, it has elected to rely upon Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933") and adopt semi-annual financial reporting. This news release is being filed pursuant to CBO 51-933.CBO 51-933 allows eligible venture issuers to voluntarily amend their disclosure from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on December 31st. Under the provisions of CBO 51-933, the Company can be exempted from the requirements to file quarterly financial statements for each of its first and third fiscal quarters, together with associated management's discussion and analysis ("MD&A"), for so long as it continues to meet all eligibility criteria under CBO 51-933. The Company confirms it meets this applicable eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million. Accordingly, the Company does not intend to file interim financial statements and associated MD&A for the three months ended March 31st, 2026, or the nine months ended September 30th, 2026. The Company will also not be required to file any interim financial statements and associated MD&A for any subsequent quarters for the periods ended March 31st and September 30th in each fiscal year, subject to ongoing availability of, and compliance with, CBO 51-933.For further information, please 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.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Sparton Resources Inc.View the original press release on ACCESS NewswireOriginal: Sparton Resources Inc. Announces Adoption of Semi-Annual Reporting
CA Market News
3月前
Sparton Provides An Update On VRB Energy Inc. ActivitiesMarch 12, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / March 12, 2026 / Sparton Resources Inc. ("Sparton" or the "Company") (TSXV:SRI) is pleased to report on news provided by VRB China through Beijing Puneng, a leader in battery energy storage manufacturing. Beijing Puneng is 49% owned by VRB Energy Inc. ("VRB Energy") and 51% by Shaanxi Red Sun. VRB Energy, in turn, is owned 90.025% by Ivanhoe Electric Inc. and Sparton's 90% owned subsidiary, VanSpar Mining Inc., owns 9.975% of VRB Energy Inc. Sparton President, A. Lee Barker, commented that the introduction of a Chinese partner into VRB Energy's Chinese operations late last year, appears to have opened the door to the larger Chinese domestic market, where most utilities are either state owned or controlled. The repatriation to the United States of a portion of the funds received on the sale of 51% of Beijing Puneng to Shaanxi Red Sun and the formation of VRB China, are being applied to the establishment of VRB USA Inc. which will focus on markets outside of Asia. Leveraging 18 years of research and development experience, VRB Energy is now applying its technology to a variety of commercial applications. The following achievements by VRB China have recently been reported recently on the VRB China website:Mining Application:Integrated Photovoltaic-Storage-Charging Project at Santa Cruz, Ivanhoe Electric's Arizona Copper MineLabelled "the photovoltaic-storage-charging integrated" energy storage project in Arizona, USA, the project focuses on long-term energy storage and aims to create a global benchmark for lowering carbon emissions from mining. The project directly addresses the harsh challenges of remote mining areas, weak power grid support, and extremely high ambient temperatures. Leveraging many of the advantages of vanadium redox flow batteries- safety, stability, reliability, high ambient temperature resistance, and long-term storage- it achieves efficient and stable output of photovoltaic green electricity across different time periods. In a fully off-grid mode, the system can provide continuous and clean power to critical mining equipment. With its ultra-long-life energy storage capability, it effectively hedges against the risks of grid cost and fossil fuel electricity price fluctuations, providing a reliable energy storage solution for the low-carbon transformation of mine-power needs worldwide. Independent Energy Storage:Hubei Province New Energy Storage Pilot Demonstration Project 50MW/200MWhThis project is equipped with 100 units of the Beijing Puneng VRB Pod 500 all-vanadium redox flow battery energy storage system. It supports 4 hours of long-term stable charging and discharging, can accurately smooth the peak-valley differences in electricity consumption and adjust the fluctuation of energy output. It perfectly adapts to the needs of large-scale energy storage scenarios on the main grid. Commissioned in January of 2026, it was built in less than 4 months. Industrial Energy Storage:Smart Energy Project at Xuzhou Cement Plant in Jiangsu ProvinceSignificant breakthroughs have been achieved in application and solution design. The project innovatively adopts a hybrid energy storage architecture of "lithium battery + vanadium redox flow battery", configuring 9.225MW/18.44MWh lithium iron phosphate batteries and 0.5MW/2MWh vanadium redox flow batteries, considering both system economy and long-term stable operation capability, and achieving the optimal balance between performance and cost. The test work covers integrated photovoltaic, energy storage, and charging systems; system uncertainty modeling; design of multi-stage robust optimization and scheduling solutions for green and low-carbon transformation in various industrial settings.Factory Application:Integrated Photovoltaic-Storage-Charging Project at a Glass Factory in ZhejiangAs the first commercial application of Beijing Puneng's new-generation modular energy storage system using the VRB Pod250, this demonstration project marks a significant breakthrough for vanadium redox flow technology in the field of distributed photovoltaic energy storage integration at the factory level. The project integrates photovoltaic power generation with long-duration energy storage systems. It relies on precise and efficient energy management to successfully achieve a large-scale commercial application of the high-proportion self-consumption of renewable energy and flexible grid interaction, officially opening a new chapter in the market application of vanadium redox flow long-duration energy storage.Campus Microgrid:A Campus Microgrid Project in Hami, XinjiangThis project establishes a multi-energy joint application of "photovoltaics + wind power generation + energy storage + charging". It sets a pioneering example for the integrated development of campus microgrids and long-term energy storage. Beijing Puneng's vanadium redox flow battery, with its core advantages of inherent safety, ultra-long cycle life, and stable operation across a wide temperature range, enables efficient absorption of distributed photovoltaic and wind power on campus and a stable all-weather energy supply. This is not merely a simple energy storage solution, but a successful use or an integrated model of "energy storage + education + user-application." It provides replicable and scalable long-term energy storage standards for the reliable operation of microgrids in high-altitude and remote areas and further helps to develop new energy storage business models.Integrated Development:An Independent Energy Storage Project in Shandong ProvinceSharing technology for a "Win-Win" outcome: This is an independent energy storage project in Shandong Province that innovatively adopted an integration model of "vanadium battery + lithium battery + supercapacitor" to achieve complementary advantages and coordinated development of energy-type and power-type energy storage. It has significantly improved the power station's flexible support and rapid response capabilities to the power grid and exploring a composite energy storage solution that balances high reliability operation and excellent economic efficiency.Highway Service Microgrid:Demonstration Project for Photovoltaic-Storage-Charging Microgrid in Japanese Highway Service AreasThe integrated "photovoltaic +energy storage + charging + cold start " project at a highway service area on a Japanese island that has been successfully put into operation, confirming the reliability of vanadium redox flow technology in emergency power supply under the harsh environment of high salt spray, high humidity and strong corrosion, and intermittent power outages on the island. It has opened a new opportunity for distributed energy storage applications. In response to the risk of power grid outages caused by extreme weather, the system can seamlessly switch to independent power supply mode to ensure uninterrupted operation of critical loads. With multiple operating modes, including off-grid, grid-connected, and cold-start usage, it has validated Beijing Puneng's system delivery capabilities.Intelligent Manufacturing as the Foundation for Connecting the Wider Industrial Application Chain, Strengthening the Overall Production Capabilities of Vanadium Redox Flow Units.The modern production base of Beijing Puneng's Shanxi Changzhi Lubao Industrial Park is the core of that company's manufacturing capacity strategy and a benchmark for large-scale intelligent manufacturing of long-duration energy storage systems. The base now has a planned capacity of 3GWh and fully integrates the entire industrial application chain from high-performance fuel cell stacks, R&D, and high-purity electrolyte preparation for system integration. This has achieved a one-stop production platform. It ensures quality and stable delivery of each energy storage system, provides a solid supply guarantee and technical support for the diversified needs of the global long-duration energy storage market.Fuel Cell Stack Assembly Plant: Phase I Capacity: 300 MW/year; Phase II Capacity: additional 600 MW/yearThe vanadium redox flow battery (VRB) stack assembly line is now producing third-generation VRB stacks. This line integrates a complete process, including raw material pretreatment, stack assembly, and performance testing. The manufacturing process utilizes an advanced automated production line system, enabling full-process monitoring and tracking. System Assembly Plant: Phase I capacity: 300 MW/year; Phase II Capacity: additional 600 MW/yearThe system assembly plant is the core of Beijing Puneng's full-industry chain intelligent manufacturing system. It has been developed in two phases with a tiered production capacity layout: Phase I established a fully automated energy storage system assembly line with an annual capacity of 300MW; Phase II expanded and upgraded capacity, increasing the annual capacityto an additional 600MW, for a total initial planned annual capacity of 900MW. Relying on standardized assembly processes and a comprehensive quality control system, the production line achieves efficient and highly consistent mass production of vanadium redox flow storage systems. This comprehensively ensures the large-scale and timely delivery of the company's projects across all scenarios both domestically and internationally, providing intelligent manufacturing support for the full-domain commercialization of vanadium redox flow technology and the expansion of the global long-duration energy storage market.Electrolyte Preparation Plant: Phase I Capacity: 10,000 m3/year; Phase II Capacity: 60,000 m3/yearThe vanadium redox flow battery electrolyte production line undertakes the important task of Beijing Puneng's self-developed and self-produced high-quality vanadium redox electrolyte. The production line covers the entire chain of core processes, including pure water preparation, vanadium pentoxide reduction, electrolysis, and precise formulation, and builds a closed-loop full-process production system from basic raw materials to finished electrolyte. The production process is rigorous and standardized, with a high degree of automation throughout. Combined with precise quality control throughout the entire process, it ensures the availability of high purity, high stability, and high chemical consistency electrolyte. It can be mass-produced as high-standard and standardized electrolyte products, laying a solid foundation for the availability of core materials necessary for long-term energy storage in vanadium flow battery systems.Intelligent Partner Collaboration:Close Collaboration Between Government, Academia, and Research Provides Innovation Momentum Going ForwardIn 2025, Beijing Puneng's scientific research strength won dual recognition from the official government and academic communities. The company was recognized as a "Beijing Foreign-Invested R&D Center," marking the integration and synergistic progress of its global R&D system and local innovation ecosystem. During this period, the company's products continued to perform and be enhanced. It won a number of third-party certifications. Furthermore, the successful approval of the collaborative innovation project jointly applied for by Beijing Puneng and Tsinghua University is not only an affirmation of the company's deep commitment to the field of vanadium redox flow battery development, but also signifies that the company has built a highly efficient collaborative innovation mechanism integrating government, academia, and industrial enterprises, and is accelerating the transformation of cutting-edge academic achievements into core industrial forces that empower energy transformation.Conclusion: In 2026, Beijing Puneng will continue to lead the vanadium redox flow storage industry with a global vision, full-chain production strength, and comprehensive application scenarios. It will continue to push technological boundaries, solidify its manufacturing foundation, and expand its global footprint, writing a new chapter in energy transformation with its core technology and production strength.The full VRB China News Release and additional photos may be seen in Chinese and English at:https://www.vrbenergy.com.cn/Home/news/news_detail/id/927.htmlA. Lee Barker, M.A.Sc., P.Eng.
President & CEO
Tel: (647)-344-7734 Cell: 416-716-5762 Email: info@spartonres.ca Website: www.spartonres.caNeither TSX Venture Exchange nor its Regulation Services Provider (as defined in TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains forward-looking statements under applicable securities laws, including references to proposed financings and transactions. All such statements are qualified in their entirety by this cautionary notice. The Company does not undertake to update or revise forward-looking statements except as required by law. While the Company believes expectations outlined in these statements are reasonable, there is no assurance that such expectations will be met. Investors should not place undue reliance on these statements. This release does not constitute an offer to sell or solicitation to buy any securities described herein.We Seek Safe HarbourSOURCE: Sparton Resources Inc.View the original press release on ACCESS NewswireOriginal: Sparton Provides An Update On VRB Energy Inc. Activities
futrcash
5年前
Sparton Resources Inc. Announces Possible China Ban on Lithium Based Large Scale Energy Storage Systems
7:30 am ET June 30, 2021 (Globe Newswire) Print
Sparton Resources Inc. (TSXV: SRI) ("Sparton" or the "Company") reported today on recent media articles related to large scale energy storage systems ("ESS") and energy storage technology.
The Company currently owns, through its subsidiary VanSpar Mining Inc., a 9.8% equity interest in VRB Energy Inc. ("VRB") a leading manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation. (See Sparton News Release dated March 16, 2021).
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 (ESS) amid a spate of fires this year".
In January, an explosion at a China recycling plant owned by lithium-ion battery giant Contemporary Amperex Technology (CATL) killed one person and injured 19 more.
In April, two firefighters died when they were putting out a fire in an energy storage power station in Fengtai District of Beijing, according to the China Daily news outlet.
The halt is expected to continue until a "breakthrough in battery consistency management technology and a sound power battery performance testing and evaluation system" is developed" according to Caixing,
The ceasing of lithium secondary battery use follows the National Energy Administrationissuance of a draft report entitled 'Regulations for the Management of New Energy Storage Projects' on June 22, 2021.
Vanadium flow batteries produced by VRB which are an alternative ESS technology to lithium, are not explosive or a fire hazard, and are fully recyclable.
Please see the link below for his information.
https://www.bestmag.co.uk/content/china-verge-banning-large-scale-esss-using-second-life-lithium-ion-batteries#.YNmRazpx9Pk.twitter
Recent ESS Research Report
On June 21,2021, Fortune Business Insights(TM) Pvt. Ltd., an Asian based research group, released a comprehensive report ("Battery Energy Storage Market, 2020-2027 by Fortune Business Insight") mentioning key players in the ESS space and projecting that these companies could generate up to US$19.7 billion of energy storage business by the year 2027. The report also mentions VRB as one of the leading players and comments on the slowdown in the industry due to the Covid 19 pandemic situation which is now easing. The report provides a detailed analysis of several factors such as the key drivers and restraints that will impact ESS growth. Additionally, the report provides insights into the regional analysis that covers different geographic regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships and collaborations that will further contribute to the market growth.
The full report is available at the following link:
https://www.fortunebusinessinsights.com/enquiry/customization/battery-energy-storage-market-100489
Discussion
"These announcements are expected to be very beneficial to VRB's energy storage business", stated Lee Barker, Company CEO. "Clearly the safety concerns associated with large scale, lithium-based energy storage installations are now a major concern to the Chinese authorities and are being addressed by the halt in approval of new Li type installations, and the orders to implement new safety regulations for their use". "The market for large scale ESS is expected to grow rapidly as countries and industrial enterprises begin to focus on the global use of renewable energy systems and VRB is expected to be a key player in the ESS business in China as well internationally going forward".
There are a growing number of 100MW renewable energy and flow battery projects under development in many provinces in China. Many of these provinces are mandating minimums of 5-20% storage capacity to be integrated with new solar and wind power projects. Vanadium flow batteries have been recommended by the China Central Government as the technology of choice for large scale integrated battery installations.
VRB Energy is now the leading contender for multiple 100 MW-class projects scheduled under China's infrastructure investment program, which is being accelerated as part of post-COVID economic stimulus. On the international front VRB is in discussions with a number of developers and utilities in the U.S., Australia, and South Africa for large 100 MW-class systems. The energy storage industry and VRB are clearly supporting the ongoing worldwide green energy revolution.
Information regarding the Company's interest held in VRB is as Follows:
VRB is majority owned by High Power Exploration ("HPX") which is a subsidiary of I-Pulse, a private innovative technology development company.
Sparton's 89.8% owned subsidiary, VanSpar Mining Inc., registered in the British Virgin Islands, owns 9.8% of VRB 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 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
futr
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
nowwhat2
4年前
メールアドレスで登録
