Core Insights - Sparton Resources has announced positive developments in its investment in VRB Energy, following the signing of definitive agreements with Shanxi Red Sun Co., Ltd. and affiliates, finalizing previously announced transaction terms [1] Group 1: Company Developments - VRB Energy has successfully passed strict quality inspections for its flow battery systems, with a unit shipped to a customer in Okinawa, Japan, marking its entry into the global market for standardized products ranging from 100kW to 1000kW configurations [2] - The collaboration between Red Sun and VRB Energy has led to rapid advancements in the joint venture, showcasing effective execution and technological integration [3] - Sparton holds a 9.98% interest in VRB Energy through a 90% stake in VanSpar Mining Inc., translating to an indirect 4.4% interest in the joint venture [4] Group 2: Project Timeline - On October 15, 2024, definitive agreements for the formation of the VRB China joint venture were signed [6] - A groundbreaking ceremony for a 3GWh capacity vanadium flow battery manufacturing base took place on October 18, 2024, in Changzi, Shanxi Province, China [6] - A strategic cooperation agreement with Huadian Group was announced on December 11, 2024, which includes the development of a 10 MWh storage project in Hunan Province [6] - Initial production was achieved in the first phase of the new facility in Changzi on December 25, 2024 [6] - VRB China has entered into a joint venture with Chengde Vanadium Titanium Co., Ltd., ensuring a stable supply of vanadium resources for future projects [6]

Core Viewpoint - Sparton Resources Inc. has made significant progress in its mining operations, particularly with the Pense Critical Metals Project, confirming the presence of critical metals and gold mineralization, while also advancing its joint venture with VRB Energy in battery manufacturing in China [1][2][12]. Group 1: Pense Project Developments - The company has exercised its option to acquire a 100% interest in the Pense Property, which is located in northeastern Ontario [2][3]. - Recent drilling results from four diamond drill holes totaling 822 meters have confirmed the presence of critical metals, including significant values of zinc, gold, copper, and nickel [4][5][6]. - Hole P24-01 intersected a 38-meter mineralized zone with notable values: 1.73% zinc over 19.7 meters, 0.81g/t gold over 8.2 meters, and 0.14% copper over 27.7 meters [4][6]. Group 2: Historical Context and Future Potential - Historical drilling in the area has reported interesting values of critical metals, indicating the potential for further exploration and development [6][7]. - The mineralization at Pense is characterized by massive to semi-massive sulphide mineralization, suggesting a rich geological environment that warrants continued drilling [9][10]. - The presence of significant gold mineralization is highlighted as an added feature for the critical metals opportunity, especially with current gold prices at all-time highs [12]. Group 3: VRB Energy Developments - VRB Energy Inc. is advancing its operations in the United States and has established a joint venture in China aimed at reducing corporate energy consumption and promoting renewable energy development [15][16]. - The joint venture includes a strategic cooperation agreement in Guzhang County, Yunnan Province, focusing on vanadium battery energy storage and high-performance electrolytes [15]. - The collaboration with a Chinese partner is seen as a catalyst for generating new sales of storage units in China and other regions [16].

Core Insights - Stoneridge, Inc. will participate in the Stephens Annual Investment Conference on November 19, 2024, featuring a fireside chat with key executives [1] - The company will showcase its Innovation Truck, highlighting advanced technologies in vision systems, cockpit design, and connected trailer capabilities [2] Group 1: Innovation Truck Features - The Innovation Truck aims to redefine commercial driving with advanced touchscreen displays and driver assistance technologies, enhancing visibility and safety [3] - Key features include: - MirrorEye® camera monitor system for eliminating blind spots [3] - Integrated Driver Assistance Technologies using AI and machine learning for real-time hazard awareness [3] - Intelligent Connected Trailer System providing real-time insights into trailer and cargo conditions [3] - Enhanced Cockpit Displays with 360-degree visibility and adaptive views based on driving maneuvers [3] - Multi-Feature Camera Wing for improved safety during dark conditions [3] Group 2: Vision and Commitment - The company's vision for the future cockpit focuses on reducing driver stress and enhancing safety during challenging maneuvers [4] - Stoneridge continues to invest in advanced vehicle safety, efficiency, emissions reduction, and driver comfort [4] Group 3: Company Overview - Stoneridge, Inc. is a global designer and manufacturer of engineered electrical and electronic systems for various vehicle markets, including automotive and commercial [5]

Q3 2024 Results October 31, 2024 stoneridge.com © 2024 Q3 2024 Results Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the ability of our suppl ...

MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 2024 Third Quarter Results Sales of $213.8 million Gross profit of $44.5 million Adjusted gross profit of $44.6 million (20.9% of sales) Operating income of $0.3 million Adjusted operating income of $0.7 million (0.3% of sales) Adjusted EBITDA of $9.2 million (4.3% of sales) ...

NOVI, Mich., Oct. 28, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced the availability of its next MirrorEye® Camera Monitor System program on Daimler Truck North America's (DTNA) new fifth generation Freightliner Cascadia, which begins series production in mid-2025. The MirrorCam System, DTNA's branded camera monitor system is built on Stoneridge's industry-leading MirrorEye technology and is designed to enhance driver awareness by augmenting traditional mirrors with external cameras and ...

NOVI, Mich., Oct. 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that DB Schenker, a global leader in supply chain management and logistics, is piloting its MirrorEye® Camera Monitor System (CMS) on its North American fleet. The initial pilot program is underway and includes 75 trucks. Assuming a successful pilot program, DB Schenker intends to expand the implementation of MirrorEye across its entire North American fleet. DB Schenker is piloting Stoneridge’s MirrorEye® Camera Monitor ...

NOVI, Mich., Oct. 17, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its third quarter 2024 earnings conference call live on Thursday, October 31, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath. The webcast can be accessed on the Presentations & Events page of the Investors section of the Company's website, www.stoneridge.com. Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of ...

NOVI, Mich., Sept. 4, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the CL King's 22nd Annual Best Ideas Conference with a fireside chat at 2:45 p.m. ET on Monday, September 16, 2024. Details on how to join the presentation via webcast will be posted to the "Presentations & Events" section of the Company's website (www.stoneridge.com) prior to the presentation. About S ...

TORONTO, Aug. 21, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM), the world's largest manager of natural capital with over $16 billion in assets under management in timberland and agriculture1, has recently released three reports detailing how it incorporates financially material climate- and nature-related investment considerations into its asset management and portfolio construction capabilities. Interested market participants can use the insights from Manulife IM's Natural Capital Susta ...