Sparton Resources , , is pleased to announce that news of positive developments continues to flow from China following the signing of Definitive Agreements between the Company's 9.98%-owned V
RB Energy Inc. , a subsidiary of privately held Shanxi Red Sun Co., Ltd. , and certain other affiliates, finalizing the terms of the transaction announced previously. The chronology of progress to date is as follows: On October 15, 2024, the parties signed the definitive agreements for the formation of the VRB China joint venture. On October 18, 2024, a ground breaking ceremony was held in Changzi, Shanxi Province, China, marking the construction of a 3GWh capacity vanadium flow battery manufacturing base. On December 11, 2024, the signing of a strategic cooperation agreemen...
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