Strategic Resources Advances Iron Ore Pellet Plant at Port Saguenay

Strategic Resources ( (TSE:SR) ) just unveiled an announcement.

Strategic Resources Inc. has announced significant progress on its iron ore pellet plant at Port Saguenay, Quebec, including shortlisting engineering firms for a Feasibility Study and submitting environmental documentation for a facility with an annual production capacity of four million tonnes. The plant aims to leverage Quebec’s hydroelectric power and natural gas, offering a competitive advantage in servicing the Great Lakes and Atlantic markets. Construction of a bi-directional electric pipe conveyor system is underway, with commissioning expected by the end of 2025. The company is actively managing project risks and refining execution plans to ensure operational excellence.

More about Strategic Resources

Strategic Resources Inc. is a critical mineral development company focused on supplying green steel inputs. The company has metallurgical facility sites in Canada and high-purity iron and vanadium projects in Canada and Finland. Its flagship BlackRock Project includes a fully permitted mine, concentrator, and metallurgical facility in Québec, with access to the St. Lawrence Seaway.

Average Trading Volume: 7,372

Technical Sentiment Signal: Sell

Current Market Cap: C$20.73M

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