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