Sparton Provides An Update On VRB Energy Inc. Activities

About this update from Sparton Resources Inc.

Sparton Provides An Update On VRB Energy Inc. ActivitiesTORONTO, ON / ACCESS Newswire / March 12, 2026 / Sparton Resources Inc. ("Sparton" or the "Company") (TSXV:SRI) is pleased to report on news provided by VRB China through Beijing Puneng, a leader in battery energy storage manufacturing. Beijing Puneng is 49% owned by VRB Energy Inc. ("VRB Energy") and 51% by Shaanxi Red Sun. VRB Energy, in turn, is owned 90.025% by Ivanhoe Electric Inc. and Sparton's 90% owned subsidiary, VanSpar Mining Inc., owns 9.975% of VRB Energy Inc. Sparton President, A. Lee Barker, commented that the introduction of a Chinese partner into VRB Energy's Chinese operations late last year, appears to have opened the door to the larger Chinese domestic market, where most utilities are either state owned or controlled. The repatriation to the United States of a portion of the funds received on the sale of 51% of Beijing Puneng to Shaanxi Red Sun and the formation of VRB China, are being applied to the establishment of VRB USA Inc. which will focus on markets outside of Asia. Leveraging 18 years of research and development experience, VRB Energy is now applying its technology to a variety of commercial applications. The following achievements by VRB China have recently been reported recently on the VRB China website:Mining Application:Integrated Photovoltaic-Storage-Charging Project at Santa Cruz, Ivanhoe Electric's Arizona Copper MineLabelled "the photovoltaic-storage-charging integrated" energy storage project in Arizona, USA, the project focuses on long-term energy storage and aims to create a global benchmark for lowering carbon emissions from mining. The project directly addresses the harsh challenges of remote mining areas, weak power grid support, and extremely high ambient temperatures. Leveraging many of the advantages of vanadium redox flow batteries- safety, stability, reliability, high ambient temperature resistance, and long-term storage- it achieves efficient and stable output of photovoltaic green electricity across different time periods. In a fully off-grid mode, the system can provide continuous and clean power to critical mining equipment. With its ultra-long-life energy storage capability, it effectively hedges against the risks of grid cost and fossil fuel electricity price fluctuations, providing a reliable energy storage solution for the low-carbon transformat...

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