TORONTO, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Sparton Resources (TSX-SRI-V), ('the Company”), is pleased to provide additional information that has been brought to our attention regarding the recently announced investment by Red Sun in the Chinese battery production operations of VRB Energy Inc. (or 'VRB Energy”) and the establishment of a Joint Venture between Red Sun and VRB Energy's operating company in China (see Sparton News Release dated 23-09-24). This information should provide additional information and a better understanding of the scope and importance of this investment and its value to the Company.

Sparton's interest in the flow battery industry is a 9.975% interest in VRB Energy held through Sparton's 90% interest in VanSpar Mining Inc. Full information regarding the history of the Company's VRB Energy investment is available in its various news releases and corporate filings available at www.sedarplus.ca, and on the Sparton website at www.spartonresources.com.