Strategic Resources (TSX.V: SR) Webinar

Strategic Resources owns 100% of the BlackRock project, which is comprised of a mine site in Chibougamau, Quebec and a metallurgical complex at Port Saguenay, Quebec. The company just announced a potential way to phase the capital by building a 4 million tonne direct reduction grade merchant iron pellet project first. The project could be built for US$470M and demonstrated a 25% IRR and almost US$1 billion of NPV (8%). As the world moves to more electric arc furnaces, Strategic’s existing permits and plans to produce green iron products will make it a key player in the green steel value chain.