Sparton Resources turns to Q2 loss of CAD 2,630; revenue rises to CAD 125,394 in Q2 FY26
Reuters2026/08/27 16:06- Sparton Resources posted a net loss of CAD 147,157 for the six months ended June 30, 2026, versus net income CAD 88,334.
- Revenue turned to CAD 125,394 from no revenue, reflecting contract drilling activity; gross profit was CAD 10,412.
- Cash fell to CAD 869 at June 30, 2026 from CAD 284,485 at Dec. 31, 2025; working capital deficit widened to CAD 357,652.
- Long-term investment in VRB Energy was valued at CAD 1.66 million at June 30, 2026, up from CAD 1.6 million at Dec. 31, 2025.
- Sparton signed a binding letter of intent June 17, 2026 for a three-year option on the past-producing Morrison Silver Mine in Ontario.
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