financetom
Business
financetom
/
Business
/
Sparton Resources Receives Permits and Commences Field Operations For Pense Critical Metals Project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sparton Resources Receives Permits and Commences Field Operations For Pense Critical Metals Project
Sep 8, 2025 11:15 AM

01:54 PM EDT, 09/08/2025 (MT Newswires) -- Sparton Resources ( SPNRF ) on Monday said it began field operations at the Pense Critical Metals Project, located near Englehart on the Ontario-Quebec border.

New exploration permits from both provinces have been secured, clearing the way for all planned activities, including drilling

The Pense 6,800-hectare claim block draws geological parallels to Finland's renowned Outokumpu massive sulfide deposits, according to the company. On the Ontario side, Sparton identified historical skarn-hosted mineralization at the Verrier and Gagne zones during recent sampling. These areas yielded grab sample values reaching 1.31% copper, 0.32% nickel, and 1.2% zinc-over widths of up to 1.5 meters.

Earlier in 2025, reconnaissance geophysical surveys uncovered new untested targets beyond the previously surveyed zones. Sparton is now conducting electromagnetic and magnetic surveys, while prospecting and sampling are actively ongoing.

"The Pense Property area has been overlooked in recent years and there is enough documented critical metals mineralization on the property to justify continuing the overall exploration program to test all the other targets, both on the Ontario and the Quebec claims", said chief executive Lee Barker.

Shares of Sparton Resources ( SPNRF ) were last seen up $0.01 to $0.03 on the TSX Venture Exchange.

Price: 0.03, Change: +0.01, Percent Change: +50.00

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Costco Fiscal Q3 Earnings, Revenue Increase
Costco Fiscal Q3 Earnings, Revenue Increase
May 29, 2025
04:36 PM EDT, 05/29/2025 (MT Newswires) -- Costco Wholesale ( COST ) reported fiscal Q3 net income late Thursday of $4.28 per diluted share, up from $3.78 a year earlier. Analysts polled by FactSet expected $4.24. Total revenue for the 12 weeks ended May 11 was $63.21 billion, up from $58.52 billion a year earlier. Analysts expected $63.13 billion. ...
Meyer Burger shuts down US solar panel factory in Arizona
Meyer Burger shuts down US solar panel factory in Arizona
May 29, 2025
May 29 (Reuters) - Switzerland's Meyer Burger shut down a U.S. solar panel factory in Arizona, cutting all 282 employees, the company said on Thursday. The company said it was in talks with a group of bondholders about restructuring, but that the future of the Goodyear, Arizona site was uncertain. ...
American Eagle Outfitters Shares Drop After Posting Disappointing Q1 Results
American Eagle Outfitters Shares Drop After Posting Disappointing Q1 Results
May 29, 2025
American Eagle Outfitters Inc. ( AEO ) shares are trading lower on Thursday in after-hours following the retailer’s report of weaker-than-expected financial results for the first quarter of fiscal 2025. What To Know: The company posted a net loss of $64.9 million or 36 cents per share, missing analyst expectations of a 23 cents profit. Revenue came in at $1.09...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved