Strategic Resources

Primary ticker: TSXV: SR
Stage of development: Development
Primary minerals: Direct reduction iron pellets, pig iron, vanadium and titanium
Project to promote: BlackRock Project
Project location: Quebec, Canada
Website: www.strategic-res.com

Strategic Resources is planning to be a North American supplier of green steel inputs. Phase 1 will build a 4Mtpa direct reduction iron pelletizer at Port Saguenay. Construction is planned for H2 2025. Phase 2 will look to develop hot briquetted iron production. Phase 3 will produce high-purity pig iron, vanadium and titanium.

Cash: CAD$7M
Debt: N/A

Major shareholders:
Quebec Government – 41%
Orion Mine Finance – 41%
Ross Beaty’s Lumina Group – 4.5%
Cree Nation – 2.6%
Aurion Resources – 2.3%
Management Ownership – 0.70%

Financials

Management Profile

Sean Cleary, CEO & Director

Mr. Cleary co-founded BlackRock Metals in 2008 and has significant experience in financing mining projects, mergers and acquisitions, corporate financing and scaling up companies. He was Executive Chairman & Head of Corporate Development of Groupworks Financial Corp., (now People Corporation), Senior Vice-President of Quest Capital (now Sprott Resource Corp.) and co-founder and Chief Financial Officer of Caratax Management Ltd., a Canadian mining fund. He also served as director of private and public companies. He holds an MBA from the Richard Ivey School of Business and a Bachelor of Arts Degree (History) from the University of Western Ontario.

What is your rationale for taking part in 121 Mining Investment?

Market awareness and potential project financing / partnerships.

What recent news would you like to highlight to investors attending?

March 2024 – Announces Robust Economic Results from its Iron Pellet Plant Study

July 2024 – Strategic Resources Engages Lead Bank for its Construction Financing Package

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Securing third party iron ore concentrate feed.

6 Months:
Feasibility study on the Phase 1 pellet plant.-

12 Months:
Debt and equity financing package to start construction.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Completing the project financing to start construction in 2025.

What do you think makes your company such a compelling investment?

Permitted project in a great jurisdiction with government support.

What are the top 3 key investor takeaways?

Phase 1 offers a high margin business with a lower initial capital.

The government support at the port and for the project capital is unique to Strategic.

Two mining projects and a permitted hot briquetted iron project offer upside to the Phase iron pelletizer.