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Announced

Strategic Resources to acquire BlackRock Metals for $140m.

Synopsis

Strategic Resources, a mineral exploration and development company, agreed to acquire BlackRock Metals, a mining company, for $140m. "This Transaction is the third step in the Company's mission to add large-scale vanadium resources in Tier 1 global jurisdictions. The combination of these assets provides a path to being a globally significant producer and will help unlock value for shareholders. Our team is extremely excited to welcome BlackRock's shareholders as large institutional shareholders and long-term partners of the Company," Scott Hicks, Strategic Resources CEO and Director.

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