#Canada #Montreal #Strategic Resources #BlackRock Project #Major Projects Office

Strategic Resources Submits Project Proposal to Canada's Major Projects Office

On December 1, 2025, Strategic Resources Inc., a company listed on the TSX Venture Exchange under the symbol SR, made an important announcement regarding their BlackRock Project. They have officially filed a project intake request with the Canadian Federal Government's newly established Major Projects Office (MPO). The MPO serves as a central hub aimed at advancing major projects across Canada while providing expert guidance and leadership for initiatives that are referred to them. Their goal is to address policy challenges, structure necessary financing, and mitigate risks, thereby ensuring that these projects remain viable from development through to full operation.

The BlackRock Project stands out as a fully permitted vanadium mine, concentrator, and multi-metal metallurgical facility, making it the only project of its kind in Canada. Designed as a multi-billion-dollar investment, this initiative is considered a strategically crucial effort in the realm of critical minerals. Its aim is to secure a stable supply chain for vanadium and titanium, ultimately bolstering the integrity of high-purity iron for Canadian and allied markets. Notably, it is also the first permitted project at the Port of Saguenay, where the Canadian government is investing heavily to facilitate large-scale industrial endeavors like that of the BlackRock Project.

Strategic Resources is currently at the forefront among projects at Port Saguenay and proudly holds a long-term lease in the newly developed industrial park on-site. The project is further strengthened by a partnership agreement with local First Nations, including the Cree Nation of Québec and the Innu Nations of Mashteuiatsh, Essipit, and Pessamit, emphasizing its commitment to community collaboration and socio-economic responsibility.

An initial phase of the BlackRock Project includes plans for establishing a high-purity iron pellet plant. This facility will process iron ore concentrates sourced from the Labrador Trough, significantly increasing their value before they are delivered to steel manufacturers situated in Canada, the US, and across Europe. Iron ore pellets are essential feedstock for producing steel products using clean Electric Arc Furnaces, which are progressively replacing the more conventional Blast Furnaces in North America and Europe.

In the coming weeks, the management team at Strategic Resources intends to engage fully with the MPO. They aim to be recognized as a major project under the MPO's newly defined mandate, which will open up further opportunities for development and collaboration in the Canadian mining landscape.

About Strategic Resources

Strategic Resources Inc. is a forward-looking company focused on the development of critical minerals. With an eye towards sustainable practices, the company seeks to become a key supplier of green steel inputs. Currently, they have an operational metallurgical facility planned in Canada, along with high-purity iron, vanadium, and titanium projects both within Canada and Finland. Their flagship initiative, the BlackRock Project, is designed with full construction permissions, located advantageously at a deep seaport in Québec, offering complete access to the strategic St. Lawrence Seaway. The first phase of the project envisions an impressive capacity to produce 4 million tonnes of high-purity iron pellets annually at Port Saguenay, underpinning the future advancement of iron manufacturing in North America.

For more detailed information, interested parties are encouraged to visit the company website at strategic-res.com. Those looking to stay updated on the latest news releases can sign up at strategic-res.com/contact/. Furthermore, Strategic Resources maintains a presence on LinkedIn and Twitter, where they share updates and insights about their initiatives and industry developments.

Ultimately, as Strategic Resources Inc. progresses with this noteworthy project in collaboration with the Major Projects Office, the implications for the Canadian mining sector and its commitment to sustainable practices will be closely watched by stakeholders nationwide.

Cautionary Note Regarding Forward-Looking Information

It is important to recognize that certain statements made by the company may include forward-looking information as defined under applicable securities laws. These statements are based on management's beliefs and assumptions, and while reasonable, there can be no assurance that these projections will prove to be correct. The company is committed to transparency and will continue to provide updates as necessary, adhering to applicable securities laws.