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Sparton Resources Inc

Publié le 03 mars 2008

Receives Patent for the Extraction and Recovery of Uranium from Coal Ash in China

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Mots clés associés :   Copper | Germanium | Uranium |
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March 3, 2008  
     
 
 

SPARTON RESOURCES INC.

Sparton Receives Patent for the Extraction and Recovery of Uranium from Coal Ash in China

 
     
 
 

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") reported today that its 90% owned China based subsidiary, Beijing Sparton Mineral Resources Investment and Consulting Co. Ltd. has received notification from the State Intellectual Property Bureau of the Peoples Republic of China that it has been granted a Patent for the "Extraction and Recovery of Radioactive Uranium from Coal Ash". The Company will now complete the final registration documents for the Patent and is expected to receive the final Patent Certificate within the next 30 days.

This Patent represents a major milestone in Sparton's ongoing program to begin uranium production from waste ash sources in China. As a crucial development in the secondary uranium recovery program it now means that the Company and its operating partner ARCN, the China National Nuclear Corporation subsidiary, are positioned with commercial protection from competition in uranium production from waste coal ash material in PRC.

     

NEW JV OPERATING COMPANY

As previously reported (see news release dated January 29, 2008), a new operating company, Yunnan Sparton New Environ-Tech Consulting Co. Ltd. ("YSN") has been formed and is structured as an environmental solutions company which can utilize waste coal ash or other waste industrial material for the extraction of valuable materials including uranium. These activities are now encouraged for foreign investment by the PRC Central Government and are eligible for government and local financial institution funding assistance.

YSN will be responsible for all waste testing, development and production of uranium from waste ash material in Yunnan including the current programs evaluating the Lincang, and Xiaolongtan waste ash deposits.

 
LABORATORY PROGRAM FOR U
ANALYSES
AND LEACH TEST
RECOVERY OF URANIUM
     

DISCUSSION

This patent is a unique document and believed to be the first of its kind ever granted to a foreign company in China for the application of a specific application of process engineering technology. It reinforces Sparton's unique position as a pioneer in the utilization of readily available waste material such as coal ash as a source of clean energy fuel for the nuclear power industry.

Sparton and its Directors and strategic partners invite all interested parties to visit the Company Booth Number 2340 in the Investors Exchange, at the PDAC International Convention and Trade Show in the Metro Toronto Convention Centre South Building from March 1-5, 2008 for complete updates on all the Company activities.

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.

   

 

A. Lee Barker, President and CEO
Tel.: 416-366-3551 Mobile: 416-716-5762
Fax: 416-366-7421
E-mail: info@spartonres.ca
Charles Ge Director
Tel: 1+86 10 8559 0034(int'l)
Fax: 1+86 10 8559 0034(int'l) (Fax)
Email: Charlesge@vip.163.com

SPARTON RESOURCES INC. Company website: www.spartonres.ca
Listed:TSX Venture Exchange
Trading Symbol: SRI
.

The TSX Venture Exchange has not reviewed and does not accept responsibility for
adequacy or accuracy of the content of the information contained herein.

 
   
 

     
Other Recent Sparton Resources News:    
         
         
Update on New Brunswick Project   Sparton Begins Drilling Program On New Brunswick Copper-Uranium Project
         
     
Special Report
Management Discussion
February 8, 2008
 
LEE BARKER,
SPARTON PRESIDENT
Lee Barker   &  

MICHAEL VAUGHAN, BUSINESS JOURNALIST

Michael Vaughan
     
     
Sparton Signs Three Key Agreements for Uranium and Germanium Production in China   JOINT VENTURE CONTRACT SIGNED FOR OPERATING COMPANY
     
   
   
     

Sparton Resources Inc

EXPLORATEUR
CODE : SRI.V
ISIN : CA8472431029
Suivi et investissement
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Sparton Res. est une société d’exploration minière d'argent basée au Canada.

Sparton Res. détient divers projets d'exploration au Canada, au Mexique, en Chine et en Mongolie.

Ses principaux projets en exploration sont WEMINDJI, BLIZZARD et WHISKEY au Canada, SIERRA ROSARIO au Mexique, LUXI en Chine et TIANSHAN GOLD BELT en Mongolie.

Sparton Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,5 millions CA$ (3,3 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2004 à 1,05 CA$, et son plus bas niveau récent le 02 octobre 2015 à 0,01 CA$.

Sparton Res. possède 111 375 460 actions en circulation.

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