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An announcement from Strategic Resources ( (TSE:SR) ) is now available.
Strategic Resources Inc. has announced a collaboration agreement with Tacora Resources to explore using Tacora’s iron ore concentrate for Strategic’s planned High-Purity Iron Pelletizer project at Port Saguenay. The agreement allows Strategic to potentially purchase up to 25% of Tacora’s expanded throughput capacity, which could provide 25% to 40% of the required iron ore concentrate feed for the project. This collaboration aims to enhance the development of clean, green steel inputs in Canada and support the transition to a low-carbon economy, offering potential growth opportunities in the global steel industry.
More about Strategic Resources
Strategic Resources Inc. is a critical mineral development company focused on becoming a supplier of green steel inputs. They have high-purity iron and vanadium projects in Canada and Finland, and are developing the BlackRock Project in Québec, which includes a plan to construct a 4 million tonne per year high-purity iron ore pelletizer in Port Saguenay. The company’s head office is located in Montreal, Québec.
YTD Price Performance: -15.28%
Average Trading Volume: 11,483
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$22.36M
Find detailed analytics on SR stock on TipRanks’ Stock Analysis page.
