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Sparton Resources ( (TSE:SRI) ) has issued an announcement.
Sparton Resources has announced significant progress in its joint venture with VRB Energy and Lubao Group in China. Key developments include the establishment of a vanadium flow battery manufacturing base, a strategic partnership for a storage project in Hunan Province, and the successful quality inspection and shipment of standardized products to the global market, notably enhancing the company’s market position and ensuring stable power supply integration with renewable energy sources.
More about Sparton Resources
Sparton Resources is involved in the flow battery industry through its 9.98% ownership of VRB Energy. The company holds this interest via a 90% stake in VanSpar Mining Inc., equating to an indirect 4.4% interest in the VRB China joint venture. Sparton Resources focuses on energy storage solutions, which are crucial for integrating renewable energy sources like solar power.
YTD Price Performance: 0%
Average Trading Volume: 149,486
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$5.1M
Learn more about SRI stock on TipRanks’ Stock Analysis page.