Strategic Resources Makes Significant Progress on Pellet Plant Permit Amendments at Port Saguenay

Advancing Towards Sustainable Development: Strategic Resources at Port Saguenay

Strategic Resources Inc., listed as TSXV: SR, recently announced notable progress in adjusting its environmental permit applications for the planned iron ore pellet plant at Port Saguenay, Quebec. Having successfully submitted necessary documentation to the Quebec Ministry of the Environment (MELCC), the company is now ensuring compliance with pertinent regulations while responding to the ministry's inquiries tailored to the modification request. This development is part of the company’s broader strategy assessed in the pre-feasibility study completed in March 2024, targeting an impressive output of 4 million tonnes of iron ore pellets annually.

Capitalizing on Quebec's Resources

The decision to establish the pellet plant in this particular region is driven by several strategic advantages. The abundant hydroelectric power and accessible natural gas provide a cost-effective foundation for energy-intensive operations. Furthermore, the proximity to marine access facilitates logistics, allowing effective transportation to essential markets in the Great Lakes and Atlantic regions. Thus, Strategic Resources aims to secure distinct competitive benefits over other Canadian pellet production sites.

Regulatory Engagement

To ensure the proposed plant aligns with environmental standards, the management team, along with competent external environmental advisors, is currently preparing comprehensive replies to the questions raised by the MELCC. This collaborative approach highlights the company’s commitment to maintaining high environmental management and monitoring practices. They anticipate addressing all queries within the regulatory timeline, which is expected to extend a few months.

The company's leadership regards this inquiry phase as an ordinary and constructive segment of the review process, reinforcing their optimism toward completing necessary permits for the plant.

Upcoming Developments

In preparation for the anticipated construction and operations, Strategic Resources continues its commitment to state-of-the-art environmental practices. They affirmed that the pellet plant would strive not only to meet but to exceed existing environmental regulations.

While moving forward, the Strategic Resources team emphasizes an efficient and transparent dialogue with regulators, aiming for a smooth permitting journey. In addition, the company plans to unveil further details during the upcoming PDAC 2026 conference set for March 1-4 in Toronto, engaging with investors and stakeholders for valuable insights.

Infrastructure Progress

Amidst the permit procedures, an electric pipe conveyor system designed for various products, including direct reduction-grade iron ore concentrate, is nearing completion at Port Saguenay. The conveyor system serves as an essential logistical component for the new operations, supporting the future pellet plant by streamlining iron ore pellet exports to the company’s partners. With commissioning slated for spring, the infrastructure emphasizes Strategic Resources' readiness to integrate advanced technology into its operations.

Commitment to Sustainability

Strategic Resources is not just another mining company—it's a critical mineral development firm dedicated to fostering essential metals like vanadium, high-purity iron, and titanium, all crucial to advancing global decarbonization efforts. Their flagship projects, including the BlackRock Project in Quebec and the Mustavaara mine in Finland, underscore their commitment to providing sustainable energy solutions.

To learn more about Strategic Resources Inc. and stay updated on their initiatives, you can visit their official website or follow them on LinkedIn and Twitter. The journey ahead looks promising as they aim to redefine iron ore production in harmony with the environment.