Sparton Provides Further Information on the VRB Energy-Red Sun Transaction
Provided By GlobeNewswire
Last update: Oct 15, 2024
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 23rd, 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).
