Strategic Resources Signs Hydrogen and Graphene Collaboration Agreement with Levidian

MONTREAL, Feb. 6, 2024 /PRNewswire/ - Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") announces that it has executed a collaboration agreement (the "Collaboration Agreement") with Levidian, a British climate technology firm, to study supplying the BlackRock Project's metallurgical facility (owned by Strategic), located in Saguenay, Québec, Canada with the Levidian's patented LOOP decarbonization technology. This Collaboration Agreement enables Strategic to accelerate its hydrogen development roadmap and move towards producing near emissions free iron products for use in electric arc furnaces and steel plants.

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Levidian's LOOP system captures the carbon from methane to produce hydrogen and has a unique net cost advantage over other hydrogen production technologies due to graphene, a valuable by-product that can be used to boost the performance of batteries, superconductors, solar cells, and electronics. The Collaboration Agreement sets the path towards Levidian providing the design for the LOOP system and the LOOP modules as well as the strategic plan for the marketing of the graphene via offtake. The LOOP system was commercialized out of Cambridge University (UK) and is already being deployed to multiple locations globally, across a number of industries.

The BlackRock Project's leased industrial site at Port Saguenay, Québec provides an ideal location to deploy LOOP. Strategic can utilize hydrogen to significantly reduce GHG emissions in the event the Company moves forward with plans to install a 4 million tonne iron ore pellet operation as the first phase of the BlackRock Project. Additional modules of the technology could also be deployed in subsequent phases of the BlackRock Project. Strategic has an established business footprint in Québec and Levidian's supply of LOOP for the BlackRock Project is well-suited for all stakeholders and the North American market.

About Levidian

Levidian is a British climate technology business that is on a mission to decarbonise the world's hardest to abate sectors. Underpinned by its patented LOOP technology, Levidian offers a unique decarbonization service that captures the carbon from methane gas and creates a new source of clean hydrogen and solid carbon (graphene) that can be used as an additive to further decarbonise major industries as far ranging as batteries, thermoplastics, tyres and construction. The solution can be deployed anywhere with a methane source and is designed to function as a self-contained modular system that can quickly and easily be retrofitted to existing infrastructure. Further details are available on the Levidian's website at www.levidian.com.

About Strategic Resources

Strategic Resources Inc. (TSXV:SR) is a critical mineral exploration and development company focused on high-purity iron and vanadium projects in Canada and Finland. The Company is developing its flagship BlackRock Project, which is a fully permitted and ready to construct mine, concentrator and metallurgical facility located at a seaport in Québec with full access to the St. Lawrence Seaway. The Company's Head Office is in Montreal, Québec.

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/.