Sparton Resources Inc.: VRB Energy Announces Strategic Vanadium Supply Agreement
Date: Jun 29, 2018
Sparton Resources Inc. (TSXV:SRI) (“Sparton” or the “Company”) is pleased to report that VRB Energy (“VRB”), formerly Pu Neng Energy, announced yesterday a Strategic Cooperation Framework Agreement with the Pangang Group Vanadium and Titanium Resources Co. Ltd. (“Pangang V&T”).
Sparton’s 87.46% owned subsidiary VanSpar Mining Inc. owns an 18% equity interest in VRB. HPX Techco (“HPX”) a private mineral exploration organization, and part of the I-pulse Group of technology companies (“I-Pulse”), owns 82% of VRB.
Pangang V&T is the world’s largest producer of vanadium oxide and a listed subsidiary of Panzhihua Iron and Steel, one of the world’s leading steel producers since 1971.
