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  • Sparton Resources (SRI) announced it has secured financing for its minority subsidiary VRB Energy Inc
  • Through its subsidiary VanSpar Mining, the company currently owns a 9.8 per cent equity interest in VRB Energy
  • VRB Energy is a manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation
  • VRB Energy announced an investment of US$24 Million by BCPG PLC, a Thailand-based public company and developer
  • Sparton Resources is up 62.5 per cent, trading at C$0.13 at 3:21 pm ET

Sparton Resources (SRI) announced it has secured financing for its minority subsidiary VRB Energy Inc.

Through its subsidiary VanSpar Mining, the company currently owns a 9.8 per cent equity interest in VRB Energy.

VRB Energy is a leading manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation.

VRB Energy announced an investment of US$24 Million by BCPG PLC, a Thailand-based public company and developer and owner of renewable energy projects in the Asia-Pacific region.

“BCPG is a leader in Asia’s green energy revolution, and this investment reinforces our belief that VRB Energy’s game-changing technology will be a catalyst for integration of massive amounts of renewable energy around the region. Countries around the world are now committed to net-zero carbon solutions, which will require vast capital investment over the next 25 years in energy storage. We’re extremely proud to be bringing forward vanadium-based batteries as a key solution for this global transformation,” said VRB Energy Chairman Robert Friedland.

VRB Energy is a privately-held clean technology innovator. The company has developed the most reliable, longest-lasting vanadium flow battery in the world, with more than 40 megawatt-hours installed and in construction worldwide, and more than 800,000 hours of demonstrated performance.

Sparton Resources is up 62.5 per cent, trading at C$0.13 at 3:21 pm ET.

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