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Sparton Resources Inc. (SRI:TSX-V) (the "Company") is pleased to announce that World Finance Magazine (www.worldfinance.com) has given Sparton its 2010 Best Clean Technology - Asia Award for the Company’s innovative technology that can economically source nuclear fuel while resolving the issue of dealing with certain types of radioactive waste. |
Sparton’s subsidiary company Sparton Energy Inc. (“SEI”) received the award through a nomination process initiated by World Finance’s subscribers and adjudicated by an independent panel of judges. The current award follows increasing international recognition of Sparton’s secondary uranium recovery programs in China which were previously highlighted in the April 8, 2010 issue of the Economist Magazine, and the February 22, 2010 edition of the Wall Street Journal.
The announcement of the Award and a detailed description of Sparton’s programs, which focuses on the unique joint venture with the China National Nuclear Corporation to extract uranium from waste coal ash and other forms of uranium bearing waste, may be read in the virtual or hard copy editions of the July-August issue of World Finance, and on the Sparton Company website (click here).
At the present time Sparton is the only foreign company permitted to produce uranium from any type of source material in China.
About World Finance
World Finance is a leading financial magazine, produced every two months by World News Media from its global Headquarters in London England. The publication generates a timely and comprehensive information package of international financial, and socio-economic news and provides in depth analyses of current economic and technology trends
Sparton Resources Inc. is a Canadian mining and exploration company presently operating (through SEI) a producing germanium mine in China, and developing a secondary uranium recovery business in China and Canada from radioactive waste such as coal ash, mine waste and tailings, and other types of material.
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| Award presented to Sparton |
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This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to exploration and development, the environment, local and foreign government regulation, currency fluctuation infrastructure, capital markets and additional funding requirements and the departure of key executives as well as those factors discussed in the Company's documents filed on SEDAR (www.sedar.com).
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on Sparton Resources Inc. is available at www.sedar.com.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein. |
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