Strategic Resources (TSE:SR) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into TSE:SR stock, check out TipRanks’ Stock Analysis page.