{"id":388883,"date":"2020-11-26T07:03:16","date_gmt":"2020-11-26T12:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388883"},"modified":"2020-11-26T07:03:16","modified_gmt":"2020-11-26T12:03:16","slug":"strategic-resources-streamlines-portfolio-by-relinquishing-its-akanvaara-option","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/strategic-resources-streamlines-portfolio-by-relinquishing-its-akanvaara-option\/","title":{"rendered":"Strategic Resources Streamlines Portfolio by Relinquishing its Akanvaara Option"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n VANCOUVER, BC<\/span>, Nov. 26, 2020<\/span> \/PRNewswire\/ –\u00a0Strategic Resources Inc.<\/b> (TSXV: SR)\u00a0(the “Company” or “Strategic”)\u00a0announces that it has terminated its agreement with Magnus Minerals OY to acquire the Akanvaara project in Finland<\/span>. Strategic is relinquishing its option to acquire Akanvaara in order to focus on the Mustavaara and Silasselk\u00e4 projects. Strategic was required to spend C$750,000<\/span> by June 2021<\/span> and, to acquire a 100% interest of the Akanvaara project, another C$1,000,000<\/span> before June 2022<\/span>. In addition, Strategic was required to issue an additional 0.7 million common shares of the Company by June 2022<\/span>.<\/p>\n

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.<\/p>\n

\n About Strategic Resources<\/b>\n <\/p>\n

Strategic Resources Inc. (TSXV:SR) is a Vancouver, Canada<\/span> based mineral exploration and development company that is focused on vanadium projects in Finland<\/span> and Peru<\/span>. The company is primarily focused on its flagship Mustavaara vanadium-iron-titanium project in Finland<\/span>. The Company continues to evaluate new opportunities that are related to the electrification of the economy.<\/p>\n

Further details are available on the Company’s website at\u00a0https:\/\/strategic-res.com\/<\/a>.<\/p>\n

To follow future news releases, please sign up at\u00a0https:\/\/strategic-res.com\/contact\/<\/a>.<\/p>\n

\n STRATEGIC RESOURCES INC.<\/b>\n <\/p>\n

Signed: “Scott Hicks<\/span><\/i>” <\/p>\n

\n
\n Scott Hicks<\/span>
\n <\/b>, CEO<\/p>\n

\n 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.<\/i>\n <\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/strategic-resources-streamlines-portfolio-by-relinquishing-its-akanvaara-option-301180874.html<\/a><\/p>\n

SOURCE Strategic Resources Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire VANCOUVER, BC, Nov. 26, 2020 \/PRNewswire\/ –\u00a0Strategic Resources Inc. (TSXV: SR)\u00a0(the “Company” or “Strategic”)\u00a0announces 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 Silasselk\u00e4 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 … <\/p>\n

Continue reading “Strategic Resources Streamlines Portfolio by Relinquishing its Akanvaara Option”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388883","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nStrategic Resources Streamlines Portfolio by Relinquishing its Akanvaara Option - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strategic-resources-streamlines-portfolio-by-relinquishing-its-akanvaara-option\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic Resources Streamlines Portfolio by Relinquishing its Akanvaara Option - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, Nov. 26, 2020 \/PRNewswire\/ –\u00a0Strategic Resources Inc. (TSXV: SR)\u00a0(the “Company” or “Strategic”)\u00a0announces 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 Silasselk\u00e4 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. 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