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Sparton Resources Inc. is a diversified mineral exploration and resource development company focusing on precious metals exploration and energy storage using specialty metals storage systems.
Recognizing the inherent value of precious metals, particularly gold, the Company recently made a new discovery while evaluating an advanced gold project in the heart of Quebec’s major gold producing area near Val d’Or. The property has caught the interest of a nearby mid tier gold producer Eldorado Gold Corporation.
Eldorado has optioned the property, made a cash payment to Sparton and Sparton will have either a full reimbursement of exploration expenditures plus a production royalty or be eligible to participate with a 25% equity interest in further development of the property.
In addition, Sparton has recently acquired over 1500 acres of mining claims and three mining leases in the Matachewan gold mining area of Ontario west of Kirkland Lake. The leases were formerly explored briefly by Sir Harry Oakes, the discoverer of the Lakeshore mine in Kirkland Lake, before he left Canada in the mid 1930s. There is a shaft and several very encouraging drill holes with good gold values on the leases and little or no definitive work has been done since 1936. Sparton will undertake a detailed exploration program on the leases and surrounding claims to evaluate the mineralization discovered by Oakes and hopefully duplicate his success at Lakeshore. The Oakes Leases are nearby to Alamos Gold’s 200,000 ounces per year producing Young Davidson Gold Mine.
Past and current developments in the energy storage and the increased acceptance of vanadium flow batteries as the most effective platforms for grid scale electricity storage are hoped to bring shareholder value through Sparton’s minority ownership in VRB Energy, one of the worlds most advanced builders of VRB (Vanadium Redox Battery) storage systems. Sparton’s subsidiary companies have also been closely involved in the exploration and development of a number of high grade vanadium opportunities particularly in China. The value of VRB Energy to Sparton is expected to grow along with VRB’s battery manufacturing business.
The Company continues to investigate similar exploration opportunities in these key commodities in domestic and international venues.
Strategic objectives are to monetize these opportunities by developing them to a stage where they can be marketable to nearby producers seeking to increase their local resources or spun out into higher value assets through Sparton’s subsidiary companies. |
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A. LEE BARKER
M.Sc.(Applied), P.Eng.
PRESIDENT AND CHIEF EXECUTIVE OFFICER, DIRECTOR
Lee Barker, a Professional Engineer, Geologist, and mineral industry consultant has nearly 60 years of experience at both junior and senior mineral industry companies. Barker holds a BA Sc. in Applied Geology from the University of Toronto and an MSc. (Applied) in Mineral Exploration and Mineral Economics from McGill University.
Well-known in the industry, he has been directly involved in the discovery of more than 15 precious metal, specialty metal, and industrial mineral and diamond deposits (Diavik) that were successfully put into production.
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WINFIELD DING
B.A., M.B.A., C.A.
CHIEF FINANCIAL OFFICER
Winfield Ding has worked as a senior executive officer for a number of successful businesses in Canada, China and Hong Kong, and has strong business experience in banking, trading, manufacturing, marketing, financial reporting and taxation in these jurisdictions. Fluent in Mandarin, Cantonese and English, he brings unique business and linguistic capabilities to Sparton.
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G. WESLEY ROBERTS
M.Sc., P.Eng., MBA
DIRECTOR
Wes Roberts is a professional mining engineer with over 35 years of experience specializing in the economic evaluation and development of mineral deposits. Mr. Roberts is Co-Chair Technical Committee at Sigma Lithium, Director of Empress Royalty, Golden Share and Canadian Gold Miner. Over his career, Mr. Roberts has gained extensive experience in mineral exploration, mining operations, Project engineering and management as well as diverse mining engineering experience that includes precious metals, base metals, iron ore and industrial minerals. Mr. Roberts has held numerous positions in the mining industry, which include Canada Talc Limited, Derry Michener Booth & Wahl, Davey International, Bharti Engineering, GMP Securities, Inco Ltd, Breakwater Resources Ltd (VP Corporate Development) and VP Mining to the Canadian law firm Heenan Blaikie LLP. Since then, Mr. Roberts has held positions as Mineral Engineering Consultant with the American law firm Dorsey & Whitney LLP, Mineral Engineer for Gravitas Mining Corp and most recently as Mining Engineer at Principle Capital Partners.. Mr. Roberts holds a B.Sc. (Mining Engineering) and M.Sc. (Mining Engineering) from Queen’s University, and an M.B.A. (Finance) from the Schulich School of Business (York University). |
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RICHARD D. WILLIAMS
B.A., LLB
DIRECTOR
Richard Williams, a lawyer, and mining industry consultant. A senior level mining executive with broad, in-depth experience in international and corporate and commercial affairs and securities law. A strong background in mine finance, and resource company corporate management, is currently President, CEO and a director of Waseco Resources Inc., and a director of Terreno Resources Corp. and Canadian Premium Sand Inc.
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DENISE CUMMINGS-LUCKIE
B.A . LL.B., LL.M
DIRECTOR
Ms. Cummings-Luckie is an accomplished lawyer and compliance professional with over 20 years of experience in private practice relate to company/commercial/corporate, mining and exploration law and general securities law. specializing in providing advisory services to listed companies, she has extensive experience in financial market compliance, data privacy/anti-spam legislation, IT security including information protection, data breaches, and ransomware attacks. She is fully versed in corporate governance. and has held past positions with several mining related organizations, including the Heenan Blaikie Global Mining Group, BMO Capital
Markets, and National Bank Financial.
As part of the Global Mining Group at Heenan Blaikie, Ms. Cummings-Luckie has supported clientele as a corporate secretary and has provided pro bono work involving corporate social responsibility (CSR) issues for industry associations. |
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