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

Executive Summary

• Strategic Resources Inc. announced an amendment to its C$10 million non‑brokered private placement, authorizing the issuance of up to 40 million units at C$0.25 per unit.
• The offering is split into a LIFE Offering (up to 29.5 M units for up to C$7.375 M) and a Concurrent Offering (up to 10.5 M units for up to C$2.625 M), with closing expected around April 15, 2026.
• 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 Structure: Each unit = 1 common share + ½ of a common‑share purchase warrant; each whole warrant allows purchase of one additional common share at C$0.40, exercisable for 36 months post‑closing.
• Pricing: Unit price set at C$0.25.
• LIFE Offering: Up to 29,500,000 units → gross proceeds up to C$7,375,000; warrants not exercisable until 60 days after closing.
• Concurrent Offering: Up to 10,500,000 units → gross proceeds up to C$2,625,000; private placement to accredited investors (Canada, U.S., offshore) subject to a statutory hold period of four months + one day.
• Closing Timeline: Expected on or about April 15, 2026, possibly in multiple tranches; subject to regulatory approvals and customary closing conditions.
• Use of Proceeds: Primarily to fund final engineering and construction‑readiness activities for the BlackRock iron‑ore pellet plant, plus general working capital.
• Advisors & Finders: Integrity Capital Group Inc. engaged as placement agent; company may pay cash finder's fees and issue finder’s warrants in accordance with TSXV policies.
• Regulatory Notes: Securities not registered under U.S. securities laws; offering limited to exempt jurisdictions.

Notable Quotes

“The amendment provides us with the flexibility to secure the capital needed to move our BlackRock project toward construction readiness while maintaining a disciplined financing structure,” – Sean Cleary, CEO.