Sparton Resources Inc (TSX-V:SRI, OTC:SPNRF) president and CEO Lee Barker talked with Proactive's Stephen Gunnion about the company's assets and future plans at Resourcing Tomorrow 2024. Barker detailed Sparton's four key assets, including a 10% stake in VRB Energy Inc, known for its grid-scale vanadium flow batteries, and mineral exploration projects focused on critical metals and gold.
Sparton holds a royalty interest in the Bruell gold project, currently optioned to Eldorado Gold, and 100% of the Oakes gold property near Alamos Gold’s operating mine. The company's Pense critical metals project near the Ontario-Quebec border has shown promising results, including copper, nickel, cobalt, and zinc, with untapped drilling targets. Barker also mentioned the company’s captive drilling business, Edcore Drilling, as a key advantage for rapid project execution.
Sparton's current market cap stands at C$6 million, with shares trading at C$0.04. Barker emphasized the undervaluation of their assets and expressed optimism about realizing significant shareholder value, particularly through developments in VRB Energy and continued success in exploration.