11:05 AM EDT, 03/19/2026 (MT Newswires) -- Strategic Resources (SR.V), down 8.5% on last look, Thursday said it plans to raise up to $10 million through a private placement of share units.

Proceeds will be used to advance Strategic's iron ore pellet plant development activities.

The company will issue up to 40-million units at $0.25 apiece. Each unit consists of a share and one half of a three-year warrant to buy a share at $0.40.

The offering is expected to close on April 15.

Strategic's shares were lasts seen down $0.025, to $0.27, on the TSX Venture Exchange.

Price: 0.27, Change: -0.03, Percent Change: -8.47