Strategic Resources Inc. proposes to extend the expiry date of previously issued warrants to purchase up to 3,585,000 common shares at an exercise price of $0.55 per share. These warrants were issued in connection with a non-brokered private placement completed on October 20, 2020 and are scheduled to expire on April 20, 2022. If accepted by the TSX Venture Exchange, the Company will extend the expiry date of the share [...]
Strategic Resources Inc. is pleased to announce the results of its annual general meeting of shareholders held on February 7, 2022, in Vancouver . Strategic's shareholders voted in favour of each of the matters considered at the Meeting, including electing each of Scott Hicks, Timo Mäki, Michael Moore and Mark Serdan as directors of the Company to hold office for the ensuing year, appointing BDO Canada LLP as the [...]
Strategic Resources Inc. announces that it has granted incentive stock options under the Company's stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 860,000 common shares of the Company. The options are exercisable at a price of $0.35 per share, will expire on November 16, 2026, and will vest in three equal parts over the first two years after [...]
Strategic Resources Inc. is pleased to announce that it has transferred existing environmental permits for its 100% owned vanadium-iron Mustavaara project in Finland. The transfer was from the Ferrovan Oy bankruptcy estate to Strategic Explorations Oy and includes the environmental and water permits issued to Mustavaaran Kaivos Oy in 2016 by the Regional State Administrative Agency for Northern Finland . The water permit [...]
Strategic Resources Inc. is pleased to announce it has commenced joint hydro-metallurgical testing with VanadiumCorp Resource Inc. using their patented and proprietary green recovery process named VanadiumCorp Electrochem Process Technology on titanomagnetite concentrate from Strategic's wholly-owned Mustavaara Project in Finland. The ongoing testing campaign is being performed by Electrochem Technologies & Materials inc [...]
Strategic Resources Inc. is pleased to announce it has received positive results from the Preliminary Economic Assessment , prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects , for its 100%-owned Mustavaara Project . The PEA outlines a long-life economic project in current market conditions. Scott Hicks, CEO and Director, commented: "I am extremely pleased that we have [...]
Strategic Resources Inc. announces that it has hired Jukka Pitkäjärvi as Vice President Finland Operations. Mr. Pitkäjärvi has worked for more than 30 years in the international mining and metallurgical industry. Most recently he was CEO of Ferrovan Oy, a private company developing the Mustavaara project and other vanadium projects in Finland. Mr. Pitkäjärvi holds a M.Sc in Geology and Mineralogy from University of Oulu [...]
Strategic Resources Inc. announces that it has terminated its agreement with Magnus Minerals OY to acquire the Akanvaara project in Finland. Strategic is relinquishing its option to acquire Akanvaara in order to focus on the Mustavaara and Silasselkä projects. Strategic was required to spend C$750,000 by June 2021 and, to acquire a 100% interest of the Akanvaara project, another C$1,000,000 before June 2022. In addition [...]
Strategic Resources Inc. announces that it has granted incentive stock options under the Company's stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 1,040,000 common shares of the Company. The options are exercisable at a price of $0.37 per share, will expire on November 19, 2025, and will vest in three equal parts over the first two years after [...]
Strategic Resources Inc. is pleased to announce that the Company has filed an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects supporting the mineral resource estimate for its Mustavaara vanadium-iron-titanium project located in Finland on SEDAR. The results of the mineral resource estimate were previously reported in the Company's news [...]
Strategic Resources Inc. is pleased to announce that it has closed its previously announced non-brokered private placement. A total of 7,170,000 units were sold at a price of $0.35 per Unit, for aggregate gross proceeds of approximately $2.5 million . Each Unit is comprised of one common share of the Company and one-half of one Common Share purchase warrant of the Company. Each Warrant entitles the holder thereof to [...]
Strategic Resources Inc. is pleased to announce that it has increased the size of its proposed non-brokered private placement previously announced on September 29, 2020, to up to 7,170,000 units at a price of $0.35 per Unit, for aggregate gross proceeds of up to approximately $2.5 million . Each Unit shall be comprised of one common share of the Company and one-half of one Common Share purchase warrant of the Company [...]
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