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An announcement from Integrated Rail & Resources Acquisition Corp. Class A ( (IRRX) ) is now available.
On May 7, 2025, Integrated Rail & Resources Acquisition Corp (IRRX) entered into a 7-year Crude Oil Supply, Offtake, and Processing Agreement with Shell Trading (US) Company (STUSCO). Under this agreement, STUSCO will exclusively supply crude oil to and purchase refined products from IRRX’s facility in Vernal, Utah. The facility, which will initially process 15,000 barrels of crude oil per day, is expected to start operations by December 31, 2026, with potential expansion to 50,000 barrels per day. This agreement marks a significant step for IRRX in establishing its business and enhancing its refining and marketing capabilities, supporting the Uinta Basin’s development.
More about Integrated Rail & Resources Acquisition Corp. Class A
Integrated Rail & Resources Acquisition Corp (IRRX) is a blank check company focused on mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. While it may target any industry, it primarily focuses on natural resources, railroads, and railroad logistics companies.
Average Trading Volume: 671
Technical Sentiment Signal: Buy
Current Market Cap: $73.2M
See more insights into IRRX stock on TipRanks’ Stock Analysis page.