SPARTON RESOURCES INC.: VRB Energy Inc. Achieves Milestone Global Certification for its Third Generation Vanadium Redox Flow Batteries
31 8월 2023 - 8:00PM
Sparton Resources (TSX-V: SRI) (“the Company”) is
pleased to report today that Ivanhoe Electric (NYSE American IE,
TSX IE) announced, on August 30, 2023, that its 90% owned
subsidiary, VRB Energy Inc., has received Underwriters Laboratories
(“UL”) 1973 certification for its third generation Energy Storage
System (“Gen3 VRB-ESS®”).
UL 1973 is an internationally recognized global
standard for commercially available battery energy storage.
This is a major achievement for VRB Energy as
the "Gen3 VRB-ESS®" is the only battery system currently
available that is certified at the UL 1973 Standard for a
1-Megawatt Hour power module. This is the basic VRB Energy building
block for its electricity storage systems.
Sparton’s interest in VRB Energy is held through
a 90% interest in VanSpar Mining Inc. which in turns owns 9.975% of
VRB Energy. Full information regarding the history of the Company
VRB Energy investment is available in its various news releases and
available at www.sedar.com in its corporate filings, or on the
Sparton website at www.spartonresources.com.
About UL 1973
The UL 1973 certificate addresses major battery
issues such as safety, reliability and operating uses. Included in
this certification are testing protocols involving materials,
vibration tests, high temperature operation, over charging, short
circuiting, and physical drop tests.
The work was undertaken by VRB Energy with the
CSA Group, formerly the Canadian Standards Association and the
safety testing done using the International Organization for
Standardization (“ISO”) protocols 13849-1, and 13849-2 2012
standards.
About VRB Energy
VRB Energy is a fast-growing, privately held
clean technology innovator. The company has developed the most
reliable, longest-lasting vanadium flow battery in the world, with
more than 500 megawatt-hours installed or in development worldwide,
and more than 1,000,000 hours of demonstrated performance. The
recent UL Certification sets it apart from other energy storage
system providers.
VRB Energy’s vanadium redox battery systems
store energy in liquid electrolyte in a patented process based on
the reduction and oxidation of ionic forms of the element vanadium.
This is a repeatable process that is safe, reliable, and non-toxic.
The electrolyte can be recycled at end-of-life, dramatically
improving lifecycle economics and environmental benefits compared
to lithium-ion and other battery types.
VRB Energy is majority-owned by Ivanhoe
Electric, a North American, minerals exploration and development
company that also invests in minerals-dependent, high-growth
emerging technologies. Ivanhoe Electric is a global leader in
developing innovative commercial applications for exploration
technologies and is focusing on development of electric metal
producing projects in North America and elsewhere.
Commentary
“Sparton is delighted to see this major
development in VRB Energy’s technical achievements," stated A. Lee
Barker, Company CEO. "We believe vanadium Redox flow batteries are
clearly superior to lithium-Ion batteries for grid scale energy
storage applications, and infinitely safer. The UL Certification
will provide global recognition of the Gen3 VRB-ESS® system and
provide VRB Energy with a very strong marketing tool for new
business going forward.”
About Sparton
Sparton is a mineral exploration Company
currently focused on exploring gold projects near producing mines
on or near the major gold producing trends in northeastern Ontario
and northern Quebec where it holds interests in three exploration
prospects. The Bruell Property, hosts a new gold discovery, is now
being explored by Eldorado, which owns the nearby producing Lamaque
Mine the west. The Oakes and Pense Properties near
Matachewan and Englehart in Ontario are in close proximity to
Alamos Gold’s producing Young Davidson Mine and the prolific
Kirkland Lake gold producing area.
The VRB Energy equity share asset is a keystone in the Company’s
value base.
The full version of the Ivanhoe Electric News Release may be
seen at www.ivanhoeelectric.com, and
https://ivanhoeelectric.com/news/ivanhoe-electrics-90-owned-subsidiary-vrb-energy-achieves-milestone-global-safety-certification-for-its-third-generation/.
For more information contact:A. Lee Barker, M.A Sc., P.
Eng.President and CEOTel./Fax: 647-344-7734 or Mobile:
416-716-5762Email: info@spartonres.ca Website:
www.spartonres.ca
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking StatementsInformation set forth
in this news release involves forward-looking statements under
applicable securities laws. The forward-looking statements
contained herein include, but are not limited to, financings and
transactions being pursued, and all such forward-looking statements
are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this news
release are made as of the date hereof and the Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation. Although the Company believes that the expectations
represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be
correct and, accordingly, undue reliance should not be put on such
forward-looking statements. This news release does not constitute
an offer to sell or solicitation of an offer to buy any of the
securities described herein.
We Seek Safe Harbour
Ivanhoe Electric (AMEX:IE)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Ivanhoe Electric (AMEX:IE)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024