tiprankstipranks
Strategic Resources’ Iron Pellet Plant Boasts Strong Returns
Company Announcements

Strategic Resources’ Iron Pellet Plant Boasts Strong Returns

Strategic Resources (TSE:SR) has released an update.

Don't Miss our Black Friday Offers:

Strategic Resources Inc. has unveiled promising economic outcomes for its new Iron Pellet Plant Study, boasting an impressive after-tax IRR of 25% and the capacity to generate a substantial $173 million in annual EBITDA. The project, which will be situated at the Federal Port of Saguenay and benefit from existing infrastructure and government support, aims to supply the burgeoning green steel industry with direct reduction grade pellets. With an initial capital expenditure of $470 million and a 25-month construction timeline, this venture stands out as Canada’s sole advanced greenfield development in this sector.

For further insights into TSE:SR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskStrategic Resources Retracts Forward-Looking Statements
TipRanks Canadian Auto-Generated NewsdeskStrategic Resources Boosts Market Presence
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App