Strategic Resources Expands its Board of Directors and Management Team

Core Viewpoint - Strategic Resources Inc. has appointed Mr. Terry Perles to its Board of Directors and as Business Development Lead for Vanadium and Titanium Products, aiming to enhance its market presence and business development efforts in critical minerals [1][3]. Company Overview - Strategic Resources is focused on the development of critical minerals, specifically vanadium, high-purity iron, and titanium, which are essential for decarbonizing the global economy [5]. - The company is advancing the BlackRock Project in Quebec, which is construction-ready and includes a planned 4 million tonne per year high-purity iron ore pelletizer [5]. Appointment of Terry Perles - Mr. Perles brings 15 years of experience from TTP Squared, Inc., a vanadium industry consulting firm, and has held significant roles in various companies within the vanadium sector [2]. - His background includes positions in sales, marketing, strategic planning, and senior management at notable firms such as US Steel and EVRAZ Group [2]. - Perles will focus on driving business development for vanadium and titanium products, including identifying joint ventures and collaboration opportunities [3]. Strategic Importance - The appointment of Mr. Perles is seen as a strategic move to deepen the management team and enhance the company's credibility and market knowledge, particularly as the focus on critical minerals increases globally [3]. - Perles has expressed confidence in the potential of the BlackRock Project and the timing of his involvement to help grow the company [3]. Compensation Details - As part of his compensation, Mr. Perles will receive 100,000 stock options at an exercise price of $0.29 per share, with a vesting period of three years [4].