On March 31, 2023, Strategic Resources Inc. (TSXV: SR) has announced the closure of the acquisition of BlackRock Metals Inc. and the conversion of subscription receipts to shares. The newly acquired assets make Strategic a significant player in high purity metallic iron and critical minerals, focusing on the decarbonizing of the foundry and steel industries. The company's near-term business plan includes leveraging opportunities in green steel and electrification of the iron and steel industry, with a focus on the BlackRock project, set to begin construction in 2024. Three main assets have been acquired: a metallurgical processing facility in Quebec, a mine and beneficiation plant also in Quebec, and the Mustavaara project in Finland. The transaction involved consolidating shares, raising gross proceeds through subscription receipts and convertible notes, and various appointments and resignations in the company's leadership. Post-acquisition, Strategic has approximately $12.7 million in available funds and plans to hold its Annual General Meeting on April 26, 2023. Investissement Québec and Orion Mine Finance are the key shareholders, each holding 40.81% of the company's shares.