Sparton Resources Inc.S
Sparton Resources Inc. (TSXV: SRI) explores for critical metals and gold in Ontario and Quebec and holds an investment in a vanadium-battery maker. Its Pense Critical Metals Project, about 9,000 hectares in 185 claims straddling the Ontario-Quebec border east of Englehart, Ontario, targets polymetallic sulphide mineralization in mafic-ultramafic systems, where historic work included a 1997 hole of 0.893% Cu, 1.30% Zn, 4.12 g/t Ag and 1.69 g/t Au, and 2026 work added an airborne electromagnetic survey and drilling on the Quebec side. It also holds the 100%-owned Oakes project near Matachewan, next to Alamos Gold's Young Davidson mine, where induced-polarization surveys outlined drill targets. In June 2026 it took a three-year option to acquire 100% of the past-producing Morrison silver mine near Gowganda, Ontario, and in September 2026 agreed that Glen Eagle Resources can earn 70% of Morrison by funding exploration, with Sparton as operator. Its shares have been halted since 1 September 2026; the exchange has conditionally accepted the Morrison transaction, and trading is to resume once an NI 43-101 technical report is filed. Its 90%-owned subsidiary VanSpar Mining owns 9.975% of VRB Energy Inc. No mineral resource has been estimated on any of its projects.
Notable vs. Peers
- Financials score of 0.6/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Jurisdiction (40%)9/10
Canada: scored 9 in line with the other Canadian companies on this site. Sparton names no single flagship; its anchor project, Pense, straddles the Ontario-Quebec border (both provinces map to 9 on the Fraser basis), so no single province is assigned. Its Oakes project near Matachewan, Ontario, is named as context and not blended into the score.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Pense Polymetallic Property, Ontario-Quebec border, Canada (checked Oct 5, 2026; recheck due Apr 3, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
A disclosed corporate action (not an acquisition or merger)
A corporate action of this kind says nothing about takeover susceptibility, so it isn't scored.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and a Director of Sparton Resources Inc. (TSXV: SRI). M.Sc.(Applied), P.Eng. A Professional Engineer, geologist and mineral industry consultant with nearly 60 years of experience at both junior and senior mineral industry companies. Holds a BA.Sc. in Applied Geology from the University of Toronto and an M.Sc. (Applied) in Mineral Exploration and Mineral Economics from McGill University. Well known in the industry, he has been directly involved in the discovery of more than 15 precious metal, specialty metal, industrial mineral and diamond deposits (including Diavik) that were successfully put into production.
Chief Financial Officer of Sparton Resources Inc. (TSXV: SRI). B.A., M.B.A., C.A. Has worked as a senior executive officer for a number of businesses in Canada, China and Hong Kong, with business experience in banking, trading, manufacturing, marketing, financial reporting and taxation in those jurisdictions. Fluent in Mandarin, Cantonese and English. Source: spartonres.ca/management/ (read from a Wayback capture).
A Director of Sparton Resources Inc. (TSXV: SRI). M.Sc., P.Eng., MBA. A mining executive and professional engineer with more than 40 years of global experience in the minerals industry, spanning exploration, engineering, project development, operations, corporate development, legal and capital markets. Has held numerous positions in the mining industry including at Canada Talc Limited, Derry Michener Booth & Wahl, Davey International, Bharti Engineering, GMP Securities and Inco Ltd., as VP Corporate Development of Breakwater Resources Ltd., VP Mining at Heenan Blaikie LLP, mineral consultant at Dorsey & Whitney LLP, Co-Chair of the Technical Committee at Sigma Lithium and most recently as CEO of Golden Share Resources. Serves as a director of several public and private mineral resource companies, and as a trusted advisor to Indigenous organisations in Canada, supporting negotiations on multiple commercial land access and impact benefit agreements for major mining operations in Nunavut and Northern Ontario. Holds a B.Sc. and M.Sc. in Mining Engineering from Queen's University, an MBA in Finance from the Schulich School of Business, and a Certificate in Mining Law from Osgoode Hall Law School. Source: spartonres.ca/management/ (read from a Wayback capture).
Chief Executive Officer and a Director of Terreno Resources Corp. (TSXV: TNO.H); also a director of Sparton Resources Inc. Attended the University of Western Ontario for a B.A. in political science and then the University of Ottawa for his LL.B. President of Blackwell Investor Relations Corp. and a senior-level executive with broad in-depth experience in international, corporate and commercial affairs and securities law, with experience as a director and officer of several public companies as well as serving on audit and compensation committees. NOTE: a distinct live Person row also named Richard D. Williams (CEO and Director of Winshear Metals Corp.) is a professional geologist -- B.Sc Hons Geology, Portsmouth University; M.Sc Mineral Exploration, Queen's University; nine years as CEO of Cornish Metals -- and is a different man.
A Director of Sparton Resources Inc. (TSXV: SRI). B.A., LL.B., LL.M. An accomplished lawyer and compliance professional with over 20 years of experience in private practice relating to company, commercial and corporate law, mining and exploration law, and general securities law. Specialising in advisory services to listed companies, she has extensive experience in financial market compliance, data privacy and anti-spam legislation, and IT security including information protection, data breaches and ransomware attacks, and is fully versed in corporate governance. Has held past positions with several mining-related organisations including the Heenan Blaikie Global Mining Group, BMO Capital Markets and National Bank Financial. As part of the Global Mining Group at Heenan Blaikie she supported clientele as corporate secretary and provided pro bono work on corporate social responsibility issues for industry associations. Source: spartonres.ca/management/ (read from a Wayback capture).
A Director of Sparton Resources Inc. (TSXV: SRI) and, in addition to his board position, the company's Senior Vice President of Sustainable Development. B.A., M.A. A former elected member of the Ontario Provincial Parliament and a seasoned consultant providing business-to-business and government relations consulting services to numerous clients in diverse sectors. Elected to the board at the company's annual general meeting held on 6 August 2025, with over 99% of votes cast in favour. Source: Sparton's own 2 September 2025 news release announcing the AGM results.
A Director of Sparton Resources Inc. (TSXV: SRI) and Chairman of the company's Audit Committee. CPA, CA. A Chartered Professional Accountant with over 30 years of financial management and auditing experience, having been a Partner with Collins Barrow LLP and a Partner with MNP LLP. Elected to the board at the company's annual general meeting held on 6 August 2025, with over 99% of votes cast in favour. Source: Sparton's own 2 September 2025 news release announcing the AGM results.
PhD. More than 30 years of experience in the mining and exploration industry, with over 10 years working in the Sudbury Basin for FNX Mining, Quadra FNX and KGHM. Holds a PhD in Structural Geology from the National Polytechnic Institute of Lorraine (France) and was a key member in the discovery of numerous deposits at the McCreedy West Mine during his tenure. Previously held senior exploration and mining geologist roles in Quebec and Northern Ontario for TVX Gold Inc., EXALL Resources Limited, Barrick Gold, Inco Technical Services, the Ontario Geological Survey, First Nickel and Laurentian University. Was Chief Geologist at Alamos Gold's Young-Davidson Mine in charge of all exploration and mine geology activities, playing a key role in resource expansion and implementing mine geology best practices, and is currently Vice President Exploration for Magna Mining Inc. based in Sudbury, Ontario. Source: spartonres.ca/management/ (read from a Wayback capture).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Sparton Resources explores for critical metals and gold in Ontario and Quebec and holds an investment in a vanadium-battery maker. Its Pense Critical Metals Project, about 9,000 hectares in 185 claims straddling the Ontario-Quebec border east of Englehart, targets polymetallic sulphides in mafic-ultramafic rocks, and 2026 work added an airborne electromagnetic survey and drilling on the Quebec side. It also holds the 100%-owned Oakes project near Matachewan and, since June 2026, an option on the past-producing Morrison silver mine near Gowganda, in which Glen Eagle Resources can earn 70% by funding exploration. Its shares have been halted since 1 September 2026, and trading is to resume once a technical report on Morrison is filed. No mineral resource has been estimated on any of its projects.