Strategic Resources Inc. is pleased to announce that it has signed a Collaboration Agreement with Tacora Resources Inc. that will explore using Tacora's iron ore concentrate to feed Strategic's planned Phase 1 High-Purity Iron Pelletizer project at Port Saguenay. The Agreement will focus on testing of Tacora's iron ore concentrate to determine the suitability for the direct reduction grade pellets that Strategic plans to [...]
Strategic Resources Inc. is pleased to announce the results of its annual general meeting of shareholders held on December 12, 2024 in Montreal . Strategic's shareholders voted in favour of each of the matters considered at the Meeting, including electing each of Sean Cleary, Amyot Choquette, Scott Hicks, Michael Moore, Mark Serdan and Victor Flores as directors of the Company to hold office for the ensuing year [...]
Strategic Resources Inc. is pleased to announce that it has signed definitive agency agreements with Javelin Global Commodities PTE Ltd, a subsidiary of Javelin Global Commodities to procure approximately four million tonnes of direct reduction grade iron ore concentrate and sell up to four million tonnes a year of DR grade iron pellets from Strategic's planned High Purity Iron pelletizer facility at Port Saguenay, Québec [...]
Strategic Resources Inc. is pleased to announce that it has engaged Societe Generale to lead the project financing debt package to fund development of the project. The Company has initiated work with Societe Generale to put together a senior debt package for the BlackRock project in Québec. The Company is targeting an approximately US$300 million senior debt financing package to fund the US$470 million initial capital [...]
On March 12, 2024, Strategic Resources Inc. issued a news release announcing positive results from a study referred to as the "Pre-feasibility Class 5 level engineering study conducted by BBA" for its proposed 4,000,000 metric tonne per year merchant pelletizer plant . Strategic would like to clarify certain information disclosed in this previous news release in relation to the Study. The Project will be located on the [...]
Highlights: A robust economic project with an after-tax IRR of 25%. Ability to generate US$173 million of annual EBITDA assuming a US$70/t DR grade pellet premium. An initial capital cost of US$470 million to build the project . A 25-month construction timeline with commissioning starting in month-27. Pelletizing conversion costs of $16.31 per tonne of pellets. Strategic Resources Inc. is pleased to announce results from [...]
Strategic Resources Inc. is pleased to announce that it has entered into a services agreement with Red Cloud Financial Services Inc. pursuant to which, among other things, RSFC has agreed to provide certain promotional services to the Company in accordance with Policy 3.4 of the TSX Venture Exchange . RCFS' engagement is for an initial term of three months . The Agreement will transition to a month-to-month basis [...]
Strategic Resources Inc. announces that it has executed a collaboration agreement with Levidian, a British climate technology firm, to study supplying the BlackRock Project's metallurgical facility , located in Saguenay, Québec, Canada with the Levidian's patented LOOP decarbonization technology. This Collaboration Agreement enables Strategic to accelerate its hydrogen development roadmap and move towards producing near [...]
Strategic Resources Inc. announces that that the Mustavaara Project in Finland has been selected to be part of AVANTIS, a €5 million study on vanadium and titanium funded by the European Union . The EU has recognized its weak position in the vanadium and titanium supply chains. Currently there is no primary vanadium extraction in the EU and 100% of titanium metal and vanadium is imported, with the majority coming [...]
Strategic Resources Inc. announced that during the last quarter of 2023 the Company completed initial rounds of discussions with iron ore traders and potential strategic partners regarding its plans for a four million tonne per annum iron ore pellet plant at Port Saguenay. Based on the initial feedback on the pellet project, the Company has decided to prioritize the construction of a 4 mtpa iron ore pellet plant at Port [...]
Strategic Resources Inc. is pleased to announce the results of its annual general meeting of shareholders held on December 14, 2023 in Montreal . Strategic's shareholders voted in favour of each of the matters considered at the Meeting, including electing each of Sean Cleary, Scott Hicks, Michael Moore, Mark Serdan, Amyot Choquette and Kurt Wasserman as directors of the Company to hold office for the ensuing year [...]
Highlights: The Governments of Canada and Quebec have demonstrated forward thinking by enhancing the capability of Port Saguenay with their commitments to funding the important new multi-user conveyor system. The conveyor system will allow material to be transported from the wharf to Strategic's planned operations at the Port of Saguenay industrial park, where it has a long-term lease agreement. Strategic is currently [...]
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