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Stock impact report

Sparton Provides Further Information on the VRB Energy-Red Sun Transaction [Financial Post (Toronto, Ontario, Canada)]

Ivanhoe Electric Inc. (IE) 
Company Research Source: Financial Post
TORONTO, Oct. 15, 2024 (GLOBE NEWSWIRE) — Sparton Resources (TSX-SRI-V), (“the Company”) is pleased to report that Ivanhoe Electric Inc. announced today that definitive agreements have been signed between VRB Energy Inc. (“VRB Energy”), and a subsidiary of privately held Shanxi Red Sun Co., Ltd. (“Red Sun”), and certain other affiliates, finalizing the terms of the transaction announced on September 23 rd , 2024. (See Ivanhoe Electric Inc. website – Ivanhoe Electric Inc. | Ivanhoe Electric's VRB Energy Subsidiary and Red Sun Sign Definitive Agreements for Formation of New Grid Scale Battery Joint Sparton's interest in the flow battery industry is a 9.975% interest in VRB Energy held through Sparton's 90% interest in VanSpar Mining Inc. Full information regarding the history of the Company's VRB Energy investment is available in its various news releases and corporate filings available at www.sedarplus.ca and on the Sparton website at www.spartonresources.com The Chinese joint-v Show less Read more
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