Business
Strategic Resources Signs Green Hydrogen Collaboration Agreement with Cipher Neutron
Strategic Resources Signs Green Hydrogen Collaboration Agreement with Cipher Neutron Ca...
About this update from Strategic Resources Inc.
[{"type":"text","content":"\n \n \n \n Strategic Resources Signs Green Hydrogen Collaboration Agreement with Cipher Neutron\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 MONTREAL\n \n \n ,\n \n \n Aug. 16, 2023\n \n \n /CNW/ -\n \n Strategic Resources Inc.\n \n (TSXV: SR) (the \"Company\" or \"Strategic\") and\n \n Cipher Neutron Inc. (\"Cipher Neutron\" or \"CN\")\n \n jointly announce that they have executed a collaboration agreement (the \"Collaboration Agreement\") to study supplying the BlackRock Project's metallurgical facility (owned by Strategic), located in Saguenay, Québec (\n \n Canada\n \n ) with Anion Exchange Membrane (\"AEM\") Electrolysers. These AEM Electrolysers manufactured by Cipher Neutron will be designed to produce Green Hydrogen in order to support the transition to Green Steel. As per Strategic's recent NI 43-101 Feasibility Study, Strategic plans on using natural gas for its Tenova HYL Energiron direct reduction plant, which can also use hydrogen. The Collaboration Agreement will enable Strategic to accelerate its hydrogen development roadmap and move towards producing near emissions free iron metallic products for use in electric arc furnaces and steel foundries.\n \n \n \n \n \n \n \n \n \n \n Collaboration Agreement – Green Hydrogen AEM Electrolyser Technology of Cipher Neutron\n \n \n \n The Collaboration Agreement allows Strategic to consider the use of AEM Electrolysers from CN for the BlackRock Project including its iron, titanium and vanadium production at its metallurgical processing plant to be located adjacent to the Port of Saguenay, Québec, in\n \n Canada\n \n . Cipher Neutron's innovative products, such as its proprietary AEM Electrolysers, have unique advantages over other Green Hydrogen production technologies and, more specifically, these are as follow:\n \n \n \n CN AEMs provide greater electrical efficiency versus its technology peers, leading to lower hydrogen costs.\n \n \n CN AEM Electrolysers are free of Platinum and Iridium materials, harmful PFAS (Polyfluoroalkyl Substanc...