Strategic Resources Announces C$10 Million Non Brokered Private Placement
Strategic Resources Announces C$10 Million
Non
Brokered Private Placement
MONTREAL
,
March 19, 2026
/CNW/ -
Strategic Resources Inc.
(TSXV: SR) ("Strategic" or the
"Company") announces that it has launched a non
brokered private placement of units of the
Company (the "Offering").
Under the terms of the Offering, Strategic intends to issue up to 40,000,000 units of the Company
(the "Units") at a price of C$0.25 per Unit for aggregate gross proceeds of up to C$10,000,000.
Each Unit will consist of one common share of the Company (a "Common Share") and one
half of
one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle
the holder to acquire one additional Common Share at an exercise price of C$0.40 for a period of 36
months from the closing date.
The Units will be offered by way of private placement to accredited investors and other eligible
purchasers (i) in all provinces of Canada pursuant to applicable prospectus exemptions, (ii) in the
United States on a private placement basis pursuant to exemptions from the registration
requirements of the United States Securities Act of 1933, as amended, and (iii) in such offshore
jurisdictions as may be agreed by the Company pursuant to available exemptions under applicable
securities laws. Unless otherwise exempted, all securities issued under the Offering will be subject
to a statutory hold period of four months and one day from the applicable closing date in accordance
with Canadian securities legislation.
The closing of the Offering is expected to occur on or about April 15, 2026, or on such other date or
dates as may be determined by the Company, and may occur in one or more tranches. Completion
of the Offering is subject to the execution of definitive subscription documentation, the receipt of all
necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV"),
and other customary closing conditions. There is no assurance that the Offering will be completed,
whether in whole or in part.
In connection with the Offering, the Company may pay cash finder's fees and issue finder's warrants
to certain eligible arm's length parties, all in accordance with the policies of the TSXV and applicable
securities laws.
The net proceeds of the Offering are expected to be used to advance the Company's iron ore pellet
plant development activities, including final engineering and the construction readiness plan and also
for general working capital purposes.
No securities of the Company offered in the Offering have been or will be registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold within the United
States absent registration or an applicable exemption from registration requirements. This news
release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
About Strategic Resources
Strategic Resources (TSXV: SR) is a critical mineral development company focused on vanadium,
high-purity iron and titanium; metals needed to decarbonize the global economy. Our main projects
are the construction-ready BlackRock Project in Quebec and the previously operated Mustavaara
mine in Finland. Phase 1 of the BlackRock Project envisages a 4 million tonne per year high-purity
iron ore pelletizer at Port Saguenay, Quebec with full access to the St. Lawrence Seaway. The
Company's Head Office is in Montreal, Québec.
Further details are available on the Company's website at
https://strategic-res.com/
.
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STRATEGIC RESOURCES INC.
Signed:
"Sean Cleary"
Sean Cleary
, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information within the meaning of
applicable securities laws. Often, but not always, forward-looking statements or information can be
identified by the use of words such as "will" or "projected" or variations of those words or
statements that certain actions, events or results "will", "could", "are proposed to", "are planned to",
"are expected to" or "are anticipated to" be taken, occur or be achieved.
Although management of the Company believes that the assumptions made and the expectations
represented by all forward-looking statements or information are reasonable, there can be no
assurance that a forward-looking statement or information herein will prove to be accurate.
Forward-looking statements and information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may cause the Company's actual
results, performance or achievements, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements or
information. These factors include, but are not limited to: risks associated with the business of the
Company; business and economic conditions in the mining industry generally; the supply and
demand for labour and other project inputs; changes in commodity prices; changes in interest and
currency exchange rates; risks relating to inaccurate geological and engineering assumptions
(including with respect to the tonnage, grade and recoverability of reserves and resources); risks
relating to unanticipated operational difficulties (including failure of equipment or processes to
operate in accordance with specifications or expectations, cost escalation, unavailability of
materials and equipment, government action or delays in the receipt of government approvals,
industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters); risks relating to adverse weather conditions; political risk and social
unrest; changes in general economic conditions or conditions in the financial markets; and other
risk factors as detailed from time to time in the Company's continuous disclosure documents filed
with Canadian securities administrators. Strategic does not undertake to update any forward-
looking information, except in accordance with applicable securities laws.
SOURCE Strategic Resources Inc.
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For further information:
Direct other inquiries to [email protected]
CO: Strategic Resources Inc.
CNW 07:45e 19-MAR-26