Strategic Resources (TSE:SR) has released an update.
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Strategic Resources has inked a deal with Javelin Global Commodities to supply and sell four million tonnes of high-purity iron ore pellets annually, backed by a $150 million working capital facility. This agreement marks a major step forward for Strategic’s BlackRock Project in Quebec, positioning the company to start construction of its High Purity Iron Pellet Plant in 2025.
For further insights into TSE:SR stock, check out TipRanks’ Stock Analysis page.