Strategic Resources, a prominent player in the metallurgical sector, is embarking on an ambitious initiative to leverage cutting-edge technology in a bid to spearhead decarbonization efforts at its metallurgical facility, a vital component of its BlackRock Project. The company has set its sights on exploring the innovative LOOP technology offered by Levidian, with the goal of significantly reducing greenhouse gas emissions and advancing sustainability objectives.

Located in Saguenay, Québec, Canada, Strategic Resources' metallurgical facility serves as a pivotal hub for embracing state-of-the-art hydrogen production technology. This strategic move is expected to result in a substantial reduction in greenhouse gas emissions, aligning with the company's commitment to environmental stewardship. As part of the initial phase of the BlackRock Project, Strategic Resources envisions the establishment of a four-million-ton iron ore pellet operation. These emissions-free iron ore products are earmarked for utilization in electric arc furnaces and steel plants, underscoring the company's alignment with broader sustainability goals.

The integration of additional modules of the LOOP technology in subsequent project phases presents an exciting opportunity to further bolster the facility's decarbonization endeavors. The proposed LOOP system is specifically designed to capture carbon from methane, subsequently generating hydrogen while also yielding a valuable by-product in the form of graphene. Importantly, this innovative approach boasts a distinct net cost advantage, reinforced by the revenue potential associated with graphene production.

Should the collaboration between Strategic Resources and Levidian materialize, Levidian is poised to provide the design for the LOOP system and its accompanying modules. Additionally, the company will play a pivotal role in formulating a strategic blueprint for graphene marketing through offtake agreements. Notably, the anticipated rollout of the LOOP1000 system, which is expected to be a hundred times larger than its predecessor, the LOOP10, represents a significant milestone in the realm of sustainable technological advancements. The availability of the LOOP1000 system is projected by the end of 2024, signaling a potential watershed moment in the pursuit of decarbonization initiatives.

Distinguished by its utilization of the same electricity sources as electrolysis, the LOOP technology stands out for its ability to mitigate the adverse environmental impacts associated with water supply depletion. Furthermore, the technology addresses the CO2 potential of methane, a crucial aspect that is often overlooked by electrolysis. This unique attribute positions the LOOP technology as a transformative and environmentally conscious solution for decarbonization efforts within the metallurgical sector.

The strategic partnership between Strategic Resources and Levidian serves as a testament to their shared commitment to driving sustainable innovation within the metallurgical sector. By harnessing the transformative potential of the LOOP technology, Strategic Resources aims to not only reduce its environmental footprint but also set a pioneering example for industry-wide decarbonization initiatives. This visionary approach underscores the company's dedication to embracing sustainable practices and pioneering technological solutions that can deliver tangible environmental benefits.