Strategic Resources Announces C$10 Million Non-Brokered Private Placement

Executive Summary

• Strategic Resources Inc. launched a non‑brokered private placement of up to 40 million units at C$0.25 per unit, targeting gross proceeds of up to C$10 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at C$0.40 for an additional share within 36 months).
• Net proceeds are earmarked to advance the BlackRock iron‑ore pellet plant development (final engineering, construction‑readiness) and for general working capital.

Key Details

• Units Offered: Up to 40 000 000 units at C$0.25 per unit → Maximum gross proceeds: C$10 000 000.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant gives the right to buy one additional common share at C$0.40).
• Warrant Terms: Exercise price C$0.40; exercisable for 36 months from closing date.
• Offering Structure: Private placement to accredited investors in Canada, U.S. investors under applicable exemptions, and eligible offshore purchasers.
• Statutory Hold Period: Four months and one day from the applicable closing date (per Canadian securities legislation).
• Closing Timeline: Expected on or about April 15 2026, possibly in multiple tranches; subject to customary conditions, regulatory approvals, and TSXV consent.
• Finder’s Fees/Warrants: Company may pay cash finder's fees and issue finder's warrants to eligible arm‑length parties per TSXV policies.
• Use of Proceeds: Primarily to fund iron‑ore pellet plant development (final engineering, construction‑readiness plan) and for general working capital.
• Regulatory Notes: Units not registered under the U.S. Securities Act; sales in the United States require registration or an applicable exemption.

Notable Quotes

“The net proceeds of this offering will enable us to move forward with critical engineering work and construction‑readiness activities for our BlackRock Project, positioning Strategic Resources to meet growing demand for high‑purity iron ore,” – Sean Cleary, CEO