Strategic Resources Expands Leadership with New Board Appointment and Management Role

Strategic Resources Strengthens Leadership Team

In a significant move, Strategic Resources Inc. (TSXV: SR) has announced the addition of Mr. Terry Perles to its Board of Directors. This strategic appointment aligns with the company's ambition to expand its influence in the critical minerals market, particularly focusing on vanadium and titanium products. Terry Perles brings over 15 years of experience as the founder of TTP Squared, Inc., a consulting firm specializing in the vanadium sector.

Profile of Terry Perles

Terry Perles has an impressive background in the vanadium industry. As the current Chairman of the Vanadium International Technical Committee (VANITEC) Market Development Committee and a former Board Member of the International Titanium Association, Perles is well-respected in the industry. His past roles included significant positions at companies like US Steel and EVRAZ Group, where he honed skills in sales, marketing, and strategic planning across various segments of the vanadium sector. Holding both a B.Sc. in Mechanical Engineering from the University of Virginia and an MBA from the University of Pittsburgh, he merges technical knowledge with strategic business acumen.

Enhancing Company Growth

Sean Cleary, CEO of Strategic Resources, expressed optimism about this new appointment. He remarked, "There is an increased focus on critical minerals across North America, Europe and the Middle East. Strategic Resources is entering an important development phase for the BlackRock Project. Having Terry join the team deepens and broadens our management and board of directors and provides important market knowledge." Cleary's sentiments underscore the significance of Perles' role, particularly as the company navigates this pivotal juncture.

Perles himself noted, "I have been closely watching the BlackRock Project develop over the years. I believe that Strategic Resources is at an important inflection point, and it is the right time to join the team to help deliver the project and grow the Company."

Specific Responsibilities

As the Business Development Lead for vanadium and titanium products, Perles will be responsible for identifying potential joint ventures and collaboration opportunities among industry stakeholders. Furthermore, he will actively represent Strategic Resources at key conferences and events, fostering relationships and promoting the company’s interests. His role will also involve supporting management in investor relations, which includes preparing presentation materials and engaging with stakeholders.

Additionally, Perles will lead the examination of market trends related to vanadium and titanium, providing valuable insights to the corporate management team. This analytical approach is expected to facilitate data-driven decisions that could usher in new business opportunities.

Compensation Structure

In alignment with industry standards, Perles will receive a compensation package that includes a grant of 100,000 stock options. These options allow him to acquire the company's common shares at an exercise price of $0.29 per share, with a vesting period of three years. This structure not only aligns his interests with the company's success but also serves as an incentive for achieving strategic goals.

Strategic Resources' Vision

Strategic Resources is pursuing the development of critical minerals essential for sustainability and decarbonization efforts globally. The company's flagship project, the BlackRock Project in Quebec, aims to establish a 4 million tonne per year high-purity iron ore pelletizing operation. The project's strategic location grants it full access to the St. Lawrence Seaway, facilitating efficient transportation and distribution.

In closing, the addition of Terry Perles to Strategic Resources' leadership is poised to enhance the company's capabilities in navigating the complex landscape of the critical minerals industry. As worldwide demand for sustainable metals rises, his experience could prove invaluable in driving the company forward in its ambitious growth trajectory.