Sparton’s Vanadium Programs will help develop major deposits of this vital metal. Today, Vanadium is primarily used to stengthen steel alloys and is critical in building structures, aircraft, and tools. Vanadium is also emerging as vital in the manufacturing of large storage batteries for solar/wind as well as electric and hybrid vehicles.
The advantage of vanadium batteries over other large storage batteries is it's ability to be recharged at the same time that power is being withdrawn.
VanSpar Mining, a subsidiary of Sparton, has identified three World Class Vanadium Projects in Xiushui County Jiangxi Province, China. These projects have over US$ 5 billion in potential value and new drilling has been completed to increase the
size of these deposits as part of a due diligence program leading to acquisition.
To bring the first of these projects into production, VanSpar intends to use low cost open pit mining methods with low strip ratios and newly patented clean vanadium extraction technology.
To initially process first mine output, VanSpar plans to use its newly patented clean technology at a new nearby plant which will be acquired as a distressed asset and upgraded to the clean tech process.
There is additional potential value from by-product zinc and silver production.
VanSpar has the exclusive mandate from the local Xiushui government to consolidate other local deposits into
a much larger vanadium production operation.
Major financing for increased capacity to be achieved through the spin out of VanSpar into a new listed public vehicle.
For an overview of this program, click here for our brochure and click here to view the Independent Technical Report.
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