Sparton Resources’ VanSpar unit holds 10% stake in VRB Energy, company says

Reuters03-12

Sparton Resources’ VanSpar unit holds 10% stake in VRB Energy, company says

Sparton reported that its 90%-owned subsidiary VanSpar Mining holds a 9.975% stake in VRB Energy, while Ivanhoe Electric holds 90.025%. VRB China’s Beijing Puneng unit is owned 49% by VRB Energy and 51% by Shaanxi Red Sun. VRB China said it commissioned a 50MW/200MWh energy storage pilot project in Hubei using 100 VRB Pod 500 units. It also cited a hybrid project at a cement plant in Jiangsu with 9.225MW/18.44MWh lithium iron phosphate batteries and 0.5MW/2MWh vanadium redox flow batteries. Beijing Puneng’s planned manufacturing capacity includes 3GWh, with stack assembly capacity of 300MW/year in Phase I and an additional 600MW/year in Phase II.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sparton Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202603120730ACCESSWRNAPR_____1146607) on March 12, 2026, and is solely responsible for the information contained therein.

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