04:29 PM EDT, 03/23/2026 (MT Newswires) -- Strategic Resources (SR.V) after trade on Monday detailed changes to its C$10 million non-brokered private placement.

The company said it plans to issue up to 40-million units at C$0.25 each. Each unit includes a share and one half of a three-year warrant to buy a share for C$0.40.

The company added that nearly C$7.4 million will be done as a LIFE Offering, where the warrants cannot be exercised for the first 60 days. The remaining about C$2.6 million will be raised through a concurrent offering.

The deal is set to close around April 15, pending approvals, the company said, adding, "there is no assurance that the offering will be completed, whether in whole or in part."

The funds will be used to advance the company's iron ore pellet plant project and for general working capital, it said.

The company's shares closed unchanged at C$0.27 on the TSX Venture Exchange.