MONTREAL, July 12, 2024 /PRNewswire/ – On March 12, 2024, Strategic Sources Inc. (“Strategic” or the “Company”) (TSXV: SR) issued a information let fall pronouncing sure effects from a find out about known as the “Pre-feasibility Class 5 level engineering study conducted by BBA” (the “Study”) for its proposed 4,000,000 metric tonne in keeping with generation service provider pelletizer plant (the “Project”). Strategic want to explain sure knowledge disclosed on this earlier information let fall with regards to the Find out about.
The Mission shall be situated at the Corporate’s present hired section on the Federal Port, the place the Provincial and Federal Governments are lately construction a C$111 million multi-user conveyor gadget which the Mission would make the most of. The Mission will center of attention on direct aid (“DR”) grade pellet feed that shall be impaired within the inexperienced metal trade and would be the simplest greenfield construction mission of its sort in Canada.
The March 12, 2024, information let fall contained knowledge extracted from the Find out about ready by way of an separate engineering company which incorporated ahead shopping knowledge at the provide of uncooked fabrics for the Mission.
In step with division 4A.2 of Law 51-102 Respecting Steady Disclosure Tasks, forward-looking knowledge must now not be disclosed except the issuer has an inexpensive foundation for the forward-looking knowledge. Following a assessment of the Corporate’s information let fall dated March 12, 2024, the Autorité des marchés financiers (Québec) has the view that the issuer does now not have such affordable foundation for the forward-looking knowledge.
Accordingly, to bring to agree to division 4A.2 of Law 51-102, the Corporate retracts from its information let fall dated March 12, 2024, the forward-looking knowledge as to the availability of uncooked fabrics and the guidelines flowing therefrom.
Readers are cautioned that the time period “pre-feasibility study” impaired by way of the Corporate to please see this Find out about isn’t the similar as the only impaired for mineral tasks as outlined below Nationwide Software 43-101 respecting requirements of disclosure for mineral tasks (“NI 43-101”), and this Find out about must due to this fact now not be seen as equating to a “pre-feasibility study” as outlined below NI 43-101 for the reason that Mission isn’t a mineral mission however in lieu an business mission and due to this fact isn’t ruled by way of NI 43-101.
Traders must now not depend at the future-oriented monetary knowledge made by way of the Company in its information let fall to steer them of their funding choices.
This information let fall is issued on the request of the Autorité des marchés financiers (Québec).
About Strategic Sources
Strategic Sources Inc. (TSXV: SR) is a vital mineral exploration and construction corporate involved in high-purity iron and vanadium tasks in Canada and Finland. The Corporate is creating its flagship BlackRock Mission, which is a completely accepted and able to produce mine, concentrator and metallurgical facility situated at a seaport in Québec with complete get entry to to the St. Lawrence Seaway. The Corporate’s Head Place of job is in Montreal, Québec.
Additional main points are to be had at the Corporate’s site at https://strategic-res.com/. To apply destiny information releases, please enroll at https://strategic-res.com/contact/.
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STRATEGIC RESOURCES INC.
Signed: “Sean Cleary”
Sean Cleary, CEO & Director
Neither the TSX Challenge Trade nor its Law Products and services Supplier (as that time period is outlined in insurance policies of the TSX Challenge Trade) accepts accountability for the adequacy or accuracy of this let fall.
SOURCE Strategic Sources Inc.
