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Sparton
Resources Inc. ( SRI )(the "Company") is pleased
to announce that it has been selected to join the
Ontario Environmental Mission to China to be led
by Ontario Premier Dalton McGuinty from October 26
- November 6, 2008. The Mission will focus on linking
Ontario based environmental business groups with
Chinese organizations involved in environmental programs
such as water treatment, alternative energy, and
various forms of waste cleanup and recycling projects.
The Government of Ontario has taken the lead in promoting
the development of new environmentally related business
opportunities in China with its initiative to organize
and coordinate this Mission to the world's fastest
growing economy. |
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Ontario Premier, Honourable
Dalton McGinty and Lee Barker, Sparton's President,
at the launch of the Mission |
The Mission group will participate in environmental forums
in the cities of Shanghai, Nanjing, Beijing and Chonquing,
and the Ontario group will be joined in Beijing by four
other Canadian Provincial Premiers as representatives of
the Canada China Business Council. Over 250 China based
business and governmental organizations with environmental
projects are expected to meet with the Mission representatives. Chosen as one of seventeen companies to represent Ontario
from a selection process involving over 50 candidates, Sparton
was recognized for its unique development programs in China
to extract uranium fuel from radioactive waste coal ash,
and as an emerging producer of germanium, a metal with significant
uses in environmental applications such as solar energy and
high efficiency fibre optics data transmission.
The Company, through is China based joint venture is expected
to sign a contract in Beijing with a subsidiary of the China
National Nuclear Corporation for the construction of a bulk
sample plant and the final feasibility evaluation of the
cleanup of the radioactive waste piles in the Lincang area
in Yunnan Province. The complete contract, valued at over
$US4 million, will have the facility to be extended into
the construction of the commercial production plant for uranium
oxide and waste cleanup at Lincang, following completion
of the bulk sample testing and final plant design.
DISCUSSION
Sparton is delighted to be chosen as part of the Mission
and welcomes the opportunity to demonstrate its unique projects
to a variety of PRC based technical, regulatory and financial
organizations, as well as its Canadian colleagues.
Sparton's international exploration and evaluation programs
are being carried out under the direct supervision of A.
Lee Barker, P. Eng., P Geol., the Company's President and
CEO who is a Qualified Person under National Instrument 43-101.
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