Strategic Resources Signs Green Hydrogen Collaboration Agreement With Cipher Neutron

Strategic Resources Inc., and Cipher Neutron Inc., jointly announce that they have executed a collaboration agreement to study supplying the BlackRock Project’s metallurgical facility (owned by Strategic), located in Saguenay, Québec (Canada) with Anion Exchange Membrane (AEM) Electrolysers.
These AEM Electrolysers manufactured by Cipher Neutron will be designed to produce Green Hydrogen to support the transition to Green Steel. As per Strategic’s recent NI 43-101 Feasibility Study, plans on using natural gas for its Tenova HYL Energiron direct reduction plant, which can also use hydrogen. The agreement will enable strategic to accelerate its hydrogen development roadmap and move towards producing near emissions free iron metallic products for use in electric arc furnaces and steel foundries.
The agreement allows Strategic to consider the use of AEM Electrolysers from CN for the BlackRock Project including its iron, titanium and vanadium production at its metallurgical processing plant to be located adjacent to the Port of Saguenay, Québec.
Strategic has completed a bankable feasibility of the fully-permitted BlackRock Project, which, along with it’s Environmental Certificates of Authorization from the Province of Quebec, demonstrate achievements of advanced greenhouse gas reduction with proven technologies.
The work contemplated by CN and Strategic for the first phase of the collaboration will consider the possibility of further advancing the GHG reduction achievements of Strategic towards even lower emissions. CN will provide the design for the initial implementation of approximately eighty-four (84) 250-Kilowatt AEM Green Hydrogen Electrolysers to produce approximately ten (10) tonnes of Green Hydrogen gas per day to be utilized in the reduction of iron and potentially other purposes for the BlackRock Project.
If the initial project phase is implemented, the supply of AEM Green Hydrogen Electrolysers could represent meaningful revenue to Cipher Neutron and subject to the supply of available electrical energy and other factors, could eventually scale up to over two hundred (200) 250-Kilowatt Electrolysers to produce up to thirty (30) tonnes of Green Hydrogen per day for the BlackRock Project.
“Cipher Neutron’s AEM technology has significant game-changing potential and is an excellent fit with the developing hydrogen strategy of Strategic’s BlackRock Project. We look forward to incorporating the AEM electrolyser technology, such as that of Cipher Neutron, to foster a greener and more sustainable future in line with global reduction of GHG,” said Sean Cleary, CEO of Strategic Resources. “Strategic Resources has a long history of fostering green and sustainable technology and we welcome the opportunity to be a part of the development of the growing Green Hydrogen Economy and support the transition to Green Steel for the Western World.”
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