TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Sparton Resources (TSX-SRI-V), ("the Company"), is pleased to announce that news of positive developments continues to flow from China following the signing of Definitive Agreements (the "Agreements") between the Company's 9.98%-owned VRB Energy Inc. ("VRB Energy"), a subsidiary of privately held Shanxi Red Sun Co., Ltd. ("Red Sun"), and certain other affiliates, finalizing the terms of the transaction announced previously. The chronology of progress to date is as follows: "The combination of Red Sun's ability to execute the Joint Venture programs very quickly, and VRB Energy's advanced technological inputs, have resulted in these incredible achievements in a very short time. It is very rewarding to see this progress and we congratulate the Joint Venture on these accomplishments," remarked Company President A. Lee Barker.