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Update- NEWS Page
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Recent Developments provided by VRB Energy / Beijing Puneng
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Sparton is pleased to share recent developments provided by VRB Energy Inc. and its operating Chinese subsidiary (Beijing Puneng).
On October 15, 2024, the Red Sun / Lubao Group signed the joint venture contract with Beijing Puneng, VRB Energy’s operating entity in China.
A video was made of the joint venture signing ceremony and may be viewed from the VRB Energy company website by clicking the picture below: |
click picture below to view video |
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Subsequently the Red Sun/Lubao management team organized a formal integration meeting with all Beijing Puneng employees to introduce themselves and to review the objectives of the joint venture going forward. This meeting is documented in the review posted on the Beijing Puneng and Lubao Group China news sites and follows below.
VRB Energy also reported recently on X that VRB USA is scaling up its business by adding to its engineering and manufacturing staff and ramping up operations in Arizona.
These are very positive developments for the value of Sparton’s minority ownership in VRB Energy Inc. and we are looking forward to future updates as operations are scaled up in China and North America. |
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For questions or additional information please contact: |
A. Lee Barker, M.A.Sc., P. Eng., President and CEO Tel./Fax: 647-344-7734 or Mobile: 416-716-5762 anytime Email: info@spartonres.ca Website:www.spartonres.ca |
Exchanges: TSX.V “SRI” Frankfurt: WKN727532 OTC: SPNRF.PK |
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