Strategic Resources Submits Responses to Québec’s Environment Ministry, Advancing Port Saguenay Iron Ore Pellet Plant Project

Press Release

May 26, 2026

Montreal, Québec – Strategic Resources Inc. (TSXV:SR) (FSE: UI8N) (“Strategic” or the “Company”) announced today that it has submitted all responses to the questions received from Québec’s Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the “Ministry”) in connection with the proposed modification of the existing Certificate of Authorization for the Company’s metallurgical facility at Port Saguenay, which enables the development of a 4 million tonnes (mtpa) per year iron ore pellet plant.

The Company has already obtained a full Certificate of Authorization for the BlackRock Project, including its Metallurgical Plant at Port Saguenay and its mine and concentrator at Chibougamau. In 2025, the Company filed for an amendment to the permitted 1.5 mtpa pellet plant that is a part of the BlackRock Project and has been in a review process with the Ministry to enable the Company to build and operate at 4 mtpa iron ore pellet plant at the same site.

The Company received questions regarding the application from the Ministry earlier this year and has worked closely with its engineering and environmental advisors to prepare detailed, technically supported responses. Strategic has also engaged in technical dialogue with the Innu Nations as part of our existing Development Agreements with the Innu and in keeping with the broader review process and the Company’s ongoing commitment to constructive engagement with regulators, First Nations communities and stakeholders.

“The submission of our responses is an important milestone in the environmental amendment process for the Port Saguenay pellet plant project, and we continue to anticipate a positive decision on the Certificate of Authorization amendment in the coming months,” said Sean Cleary, Chief Executive Officer of Strategic Resources.

The completion and submission of these responses represent a meaningful step forward for the Port Saguenay pellet plant. While the timing and outcome of the regulatory process are subject to the Ministry’s discretion and applicable requirements, Strategic believes that delivering thorough and timely responses helps reduce project execution risk associated with the permit amendment and supports the Company’s broader development plans for Phase 1 of the BlackRock Project.

About Strategic Resources

Strategic Resources (TSXV:SR) is a critical mineral development company focused on vanadium, high-purity iron and titanium; metals needed to decarbonize the global economy. Our main projects are the construction-ready BlackRock Project in Quebec and the previously operated Mustavaara mine in Finland. Phase 1 of the BlackRock Project envisages a 4 million tonne per year high-purity iron ore pelletizer at Port Saguenay, Quebec 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/.

STRATEGIC RESOURCES INC.
Signed: “Sean Cleary”
Sean Cleary, CEO

Direct other inquiries to info@strategic-res.com

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