Business
Strategic Resources Congratulates Port Saguenay for Receiving C$111 million of Federal and Provincial Funding for the New Conveyor System
Strategic Resources Congratulates Port Saguenay for Receiving C$111 million of Federal and Provin...
About this update from Strategic Resources Inc.
[{"type":"text","content":"\n \n \n \n Strategic Resources Congratulates Port Saguenay for Receiving C$111 million of Federal and Provincial Funding for the New Conveyor System\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 Highlights:\n \n \n \n \n The Governments of\n \n Canada\n \n and\n \n Quebec\n \n have demonstrated forward thinking by enhancing the capability of Port Saguenay with their commitments to funding the important new multi-user conveyor system.\n \n \n The conveyor system will allow material to be transported from the wharf to Strategic's planned operations at the Port of Saguenay industrial park, where it has a long-term lease agreement.\n \n \n Strategic is currently evaluating increasing the planned throughput of its pelletizer project component to four million tonnes of iron ore pellets per annum, which can be delivered to the wharf via the new conveyor.\n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Dec. 12, 2023\n \n \n /CNW/ -\n \n Strategic Resources Inc.\n \n (TSXV: SR) (the \"Company\" or \"Strategic\") is pleased to announce the Governments of\n \n Canada\n \n and\n \n Quebec\n \n are funding\n \n $111.2 million\n \n to the Saguenay Port Authority for the construction of a mechanized handling system intended for multi-user bulk materials. This conveyor, powered by hydroelectricity, will connect the maritime terminal to industrial storage and railway marshalling spaces located in the industrial-port zone (\"IP zone\") of Saguenay. Its commissioning is planned for 2025.\n \n \n \n Sean Cleary\n \n , CEO of Strategic Resources commented: \"This is a very positive announcement for both Port Saguenay and Strategic Resources. Our BlackRock Project will be able to benefit from this new conveyor system as we pursue the opportunity to build a four million tonne iron ore pellet plant. We would like to congratulate the Port and its team for this major investment.\"\n \n \n The Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development and Minister responsible for the Metropolis and t...