VANCOUVER, BC, Nov. 26, 2020 /CNW/ - Strategic Resources
Inc. (TSXV: SR) (the "Company" or
"Strategic") announces that it has terminated its agreement
with Magnus Minerals OY to acquire the Akanvaara project in
Finland. Strategic is
relinquishing its option to acquire Akanvaara in order to focus on
the Mustavaara and Silasselkä projects. Strategic was required to
spend C$750,000 by June 2021 and, to acquire a 100% interest of the
Akanvaara project, another C$1,000,000 before June
2022. In addition, Strategic was required to issue an
additional 0.7 million common shares of the Company by June 2022.
The Company is continuing its ongoing work on its Mustavaara
Preliminary Economic Assessment and evaluation of other projects
related to the continued electrification of the global economy.
About Strategic Resources
Strategic Resources Inc. (TSXV:SR) is a Vancouver, Canada based mineral exploration
and development company that is focused on vanadium projects in
Finland and Peru. The company is primarily focused on its
flagship Mustavaara vanadium-iron-titanium project in Finland. The Company continues to evaluate new
opportunities that are related to the electrification of the
economy.
Further details are available on the Company's website
at https://strategic-res.com/.
To follow future news releases, please sign up
at https://strategic-res.com/contact/.
STRATEGIC RESOURCES INC.
Signed: "Scott Hicks"
Scott Hicks, CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
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SOURCE Strategic Resources Inc.