Summary:“Cipher Neutron Inc. and Strategic Resources Inc. announce a pioneering collaboration to explore the integration of Anion Exchange Membrane (AEM) Electrolyzers, designed by Cipher Neutron, into Strategic's BlackRock Project. With a focus on producing Green Hydrogen, this endeavor aims to revolutionize steel production for a sustainable future. The partnership holds the potential to significantly lower hydrogen production costs, reduce emissions, and foster the transition to Green Steel, aligning with global efforts to combat climate change.”Cipher Neutron Inc. (CN) of Toronto and Strategic Resources Inc. of Montreal are joining hands in an innovative partnership that seeks to usher in a new era of sustainable steel production. This dynamic collaboration is set to explore the incorporation of cutting-edge Anion Exchange Membrane (AEM) Electrolyzers, developed by Cipher Neutron, into Strategic's BlackRock Project, positioned in Saguenay, Québec, Canada. With a firm focus on producing Green Hydrogen, this endeavor holds the promise to catalyze the shift toward environmentally friendly steel manufacturing.The core objective of this partnership is to harness the groundbreaking potential of CN's AEM Electrolyzers to propel the production of Green Hydrogen, a pivotal element in enabling the transition to Green Steel. Strategic's BlackRock Project, with its vision of sustainability, aims to leverage this technology to create near emissions-free iron metallic products, thereby contributing to the reduction of carbon emissions in electric arc furnaces and steel foundries.Advantages of CN's AEM Electrolyzers:Enhanced Efficiency: CN's AEMs demonstrate superior electrical efficiency, translating to reduced hydrogen production costs.Eco-Friendly Composition: CN AEM Electrolysers eliminate platinum, iridium, and harmful chemicals, promoting lower costs and environmental benefits.Longevity: CN's AEM membranes exhibit extended lifespans, thereby reducing both operational and capital expenses.Optimized Pressure: CN's Green Hydrogen is produced at pressures up to 30 bar, mitigating the need for excessive power-consuming compressors.Strategic's visionary plans extend to integrating CN's AEM Electrolyzers into their BlackRock Project's metallurgical facility, poised near the Port of Saguenay. By utilizing Green Hydrogen in their hydrogen-ready Tenova HYL Energiron direct reduction plant, Strategic aims to produce high-purity, clean metallic iron products—a crucial ingredient in realizing the potential of Green Steel.Strategic's commitment to sustainability is evidenced by its bankable feasibility study and Environmental Certificates of Authorization. This collaboration with CN further solidifies their intent to lead in reducing greenhouse gas emissions, while advancing advancements in Green Hydrogen technology.The forward trajectory of this collaboration encompasses the deployment of approximately eighty-four (84) 250-Kilowatt AEM Green Hydrogen Electrolyzers, paving the way to produce ten (10) tons of Green Hydrogen daily. As the initial phase progresses, the potential to scale up emerges, with the capacity to accommodate over two hundred (200) 250-Kilowatt Electrolyzers, producing up to thirty (30) tonnes of Green Hydrogen daily.Conclusion: Pioneering the Green Steel RevolutionCipher Neutron and Strategic Resources' alliance embodies a transformative step towards sustainable steel production. By synergizing cutting-edge technology and visionary goals, they stand at the forefront of reshaping steel manufacturing with the potential to reduce carbon emissions, lower operational costs, and usher in the era of Green Steel, a pivotal move in combatting climate change.