Strategic Resources provided an update from its Mustavaara Fe-V-Titanium project. The company advised that exploration permit applications to transition the project from reservation status were made in November 2021, an application to extend a water permit needed for future construction activities was filed with the authorities in February 2022 and an environmental baseline monitoring program was proposed in November 2021.
Due to a recent increase in prices for Pig Iron and Vanadium, the company is currently evaluating the initiation of a Pre-Feasibility study as well as permitting work to construct a smelter, outlined in a 2021 PEA. Decisions to commence a PFS are expected in Q2 2022.
