202611 releases
Strategic Metals Grants Incentive Stock Options
Incentive stock options covering up to 3,325,000 common shares have been granted to directors, officers, employees and consultants of Strategic Metals Ltd. (TSX-V: SMD), exercisable at $0.28 per share for five years. The options vest quarterly beginning three months from the grant date. Strategic reports a current cash position of approximately $5 million.
CorporateStrategic Metals and GGL Resources Property Transaction Approved
Final TSX Venture Exchange acceptance has been received for the Yukon copper-gold properties transaction with GGL Resources Corp., first announced July 27, 2026, with disinterested shareholder approvals obtained August 31, 2026 and GGL completing a four-for-one share consolidation. GGL can earn 70% in the Hopper, Kluane, Batt and Moraine properties in southwest Yukon by issuing 1,000,000 post-consolidation shares by October 31, 2026 and spending $10,000,000 by December 31, 2029, then 100% for a further $3,000,000, leaving Strategic a 2% NSR.
AcquisitionStrategic Metals Identifies Eight Stacked Skarn Horizons Flanking Suspected Porphyry Target at Harry Project, Yukon
Mapping and prospecting at the wholly-owned Harry Project, 75 km southeast of Whitehorse, Yukon, outlined eight stacked, foliation-parallel skarn horizons across roughly 325 m of stratigraphy, alongside a 1,200 m by 700 m molybdenum-in-soil anomaly interpreted as a porphyry-type target over a buried intrusion. Continuous chip samples returned 103 ppm W, 47 ppm Sn and 22 ppm Mo over 14.40 m, 0.12% Cu and 0.47% Zn over 8.70 m, and 0.16% Cu with 219 ppm W over 2.00 m. The 2026 work was supported by the Yukon Mineral Exploration Program.
Drill resultsStrategic Metals Ltd. announces acquisition of Control and Direction of Securities of Trifecta Gold Ltd. and Creation of 11 Additional NSR Royalties
Strategic Metals received 6,265,000 common shares of Trifecta Gold Ltd. on October 13, 2026 as the final payment under a Property Option Agreement under which Trifecta completed its acquisition of a 100% interest in Mt. Hinton, Rye and nine other gold and silver projects in the Yukon's Tombstone Gold Belt. Strategic retains a 2% NSR royalty on each project, which Trifecta can buy down to 1% for 1,500 ounces of gold or the cash equivalent. Strategic's holding rose from 2,031,579 shares (3.60%) to 8,296,579 shares (13.23%).
AcquisitionStrategic Metals – GGL Resources Property Transaction Approved by Shareholders
Disinterested shareholders of both Strategic Metals and GGL Resources Corp. approved the mineral property option transactions announced July 27, 2026, at special meetings held August 31, 2026. GGL was granted a two-staged option to acquire up to a 100% interest in the Hopper, Kluane, Batt and Moraine properties in southwestern Yukon. Because Strategic holds 30.35% of GGL, the deal is a related party transaction; it remains subject to a 4:1 GGL share consolidation and TSX Venture Exchange final acceptance.
AcquisitionStrategic Metals Ltd Advances its Division Mountain Project with a Scoping Study and a Preliminary Economic Assessment
A scoping study (dated July 28, 2026) and NI 43-101 PEA (effective August 17, 2026) were released for the wholly owned Division Mountain Coal Project, 90 km north of Whitehorse, Yukon, which hosts a measured resource of 52.5 million tonnes of High Volatile B Bituminous coal. The scoping study estimates power costs of $0.20/kWh for one 100 MW plant and $0.22/kWh for two 50 MW plants. The PEA outlines 500,000 tonnes/year clean coal for 30 years, coal operating cost $52/tonne, total capital $978.6 M, and an 8% after-tax IRR at about $194/MWh.
Study resultsStrategic Metals Options Yukon Copper-Gold Projects to GGL Resources Corp.
A two-staged option has been granted to GGL Resources Corp. to acquire up to 100% of the Hopper, Kluane, Batt and Moraine properties in southwestern Yukon. GGL can earn 70% by issuing 1,000,000 post-consolidation shares by October 31, 2026 and incurring $10,000,000 in exploration expenditures by December 31, 2029, then the remaining 30% for $3,000,000, leaving Strategic a 2% NSR. The related-party deal requires GGL's 4:1 consolidation, disinterested shareholder approval and TSX-V acceptance.
AcquisitionStrategic Metals Options Yukon Copper-Gold Porphyry Property to GT Resources Inc.
GT Resources Inc. has been granted a staged option to acquire up to 75% of the CD copper-gold porphyry property in west-central Yukon, about 75 km southwest of Western Copper and Gold's Casino deposit. GT can earn an initial 60% by paying Strategic $225,000 in cash, issuing $225,000 in GT shares and spending at least $10 million by October 15, 2030, and a further 15% for $1 million by December 15, 2030. The property hosts an undrilled 1,200 m by 400 m soil anomaly with copper up to 1,485 ppm, gold up to 1,270 ppb and molybdenum up to 42 ppm, plus an epithermal vein target grading up to 6.29 g/t gold. TSX Venture Exchange acceptance is required.
AcquisitionStrategic Metals Closes Project Sale
The TSX Venture Exchange has accepted for filing a February 20, 2026 property purchase agreement under which Cascadia Minerals acquires a 100% interest in the Byng and Mars projects in southern Yukon near Whitehorse. Cascadia paid $125,000 in cash and issued 500,000 common shares at a deemed price of $0.25 to Strategic Metals, which retains a 2% NSR royalty. Cascadia may buy half of that NSR for $2,000,000, subject to CPI adjustment, before a production decision.
AcquisitionStrategic Metals Announces Project Deals and Updates Cash, Share and Royalty Holdings
An optional sales agreement was signed with Hertz Energy covering the Crag and Rod projects, and a sales agreement with Cascadia Minerals covering the Mars and Byng projects, with further project negotiations underway. Cash has grown to approximately $3.5 million through stock sales and property transaction payments. Holdings include 28% of Rockhaven Resources, which plans a bulk sample at its Klaza Deposit in south-western Yukon in summer 2026, 30.4% of GGL Resources, and 15 million shares of Terra CO2 Technologies.
AcquisitionStrategic Metals Appoints Vice President Of Energy Development
Sam Wallingham has been appointed Vice President of Energy Development at Strategic Metals Ltd., bringing 25 years of Yukon community affairs, First Nations governance, negotiation and training experience, including as a founding director of Alexco Resource Corp. He will support discussions with First Nations, local communities and the Yukon Territorial Government on the proposed Division Mountain energy project, a 370 km2 coal property 90 km northwest of Whitehorse with an NI 43-101 resource of 52.5 Mt of high Volatile B Bituminous coal.
Management
20257 releases
Strategic Metals Files Technical Reports for its Hopper and Division Mountain projects, Southern Yukon
Two NI 43-101 technical reports have been filed on SEDAR for the Hopper copper-gold project and the Division Mountain coal project in southern Yukon. Hopper covers 74 km2 in the Dawson Range Copper-Gold Belt, with Copper Castle skarn drill results including 1.41% copper and 0.532 g/t gold over 22.28 m (HOP21-01) and 1.87% copper and 1.04 g/t gold over 15.27 m (HOP22-03). Division Mountain spans 370 km2 and hosts a current resource of 52.5 Mt of high volatile B bituminous coal.
Study resultsStrategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which Will Expire on December 4, 2024
A new normal course issuer bid will allow Strategic Metals to purchase up to 8,500,000 common shares, about 10% of its public float of 85,129,616 shares, from December 5, 2025 to December 4, 2026. The company has 110,955,967 common shares issued and outstanding and purchased no shares under the prior bid, which expires December 4, 2025. Repurchased shares will be cancelled, with Ventum Financial Corp. conducting the bid.
Corporate