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Aurion Provides an Update on its Investment in Strategic Resources
Aurion Provides an Update on its Investment in Strategic Resources Canada NewsWire ...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n \n \n \n Aurion Provides an Update on its Investment in Strategic Resources\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 15, 2022\n \n \n /CNW/ -\n \n Aurion Resources Ltd.\n \n (TSXV: AU) (OTCQX: AIRRF)\n \n (\"Aurion\" or the \"Company\")\n \n reports an update on its investment in Strategic Resources (\"Strategic\"), which is listed on the TSX Venture under the ticker SR. Strategic announced on\n \n December 13, 2022\n \n , that it has entered into an agreement to merge with BlackRock Metals, which owns a 100%-interest in the BlackRock Vanadium-Titanium-Iron Project in\n \n Quebec\n \n .  In the view of Strategic, the transaction would create a leading critical minerals company in tier one global mining jurisdictions.\n \n \n \n \n \n \n \n \n \n \n Strategic's Summary\n \n \n \n \n \n Strategic Resources (TSXV: SR) merging with BlackRock Metals\n \n \n \n \n Transaction constitutes a reverse takeover of Strategic\n \n \n Implied share price of\n \n CAD$0.50\n \n per share represents a premium of approximately 56% to the 20-day VWAP\n \n \n \n \n Exposure to world class Vanadium-Titanium-Iron Project\n \n \n \n \n Feasibility Study on the BlackRock Vanadium-Titanium-Iron project shows an after-tax Net Present value at an 8% discount of\n \n CAD$1.93 billion\n \n \n \n \n \n Creating a leading critical minerals company in Tier one jurisdictions\n \n \n \n \n BlackRock project in\n \n Quebec\n \n \n \n Mustavaara and Silasselkä vanadium projects in\n \n Finland\n \n \n \n \n \n Link to Strategic press release here:\n \n https://strategic-res.com/news/2022/leading-critical-minerals-company-blackrock-metals-to-merge-with-strategic-resources/\n \n \n \n Aurion Resources owns eight million shares of Strategic by way of an earn-in agreement on the Silasselkä vanadium project in northern\n \n Finland\n \n . Link to the press release here:\n \n https://www.aurionresources.com/news/2019/aurion-options-silasselka-vanadium-project-to-strategic-resources-inc/\n \n \n \n \n Comments\...