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Sparton Resources ( (TSE:SRI) ) has shared an update.
Sparton Resources Inc. has secured $169,117.79 in funding from the Ontario Junior Exploration Program to support its Pense Critical Metals Project in Northern Ontario. The funding facilitated successful drilling operations, revealing promising mineralization results, including zinc, gold, copper, and nickel. The company has also exercised its option to acquire full ownership of the Pense property, indicating a strategic move to enhance its exploration capabilities. The positive outcomes from the drilling program are expected to lead to further exploration activities, potentially boosting Sparton’s position in the critical metals market and contributing to Ontario’s economic growth.
More about Sparton Resources
Sparton Resources Inc. operates in the mining industry, focusing on the exploration and development of critical metals. The company is engaged in projects that aim to uncover valuable mineral resources, with a particular emphasis on critical metals that are essential for various industrial applications.
YTD Price Performance: -16.67%
Average Trading Volume: 100,063
Technical Sentiment Signal: Buy
Current Market Cap: C$4.25M
For a thorough assessment of SRI stock, go to TipRanks’ Stock Analysis page.