Strategic Metals Ltd.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
510 – 1100 Melville Street Vancouver, BC Canada V6E 4A6 |
| Tel No.： | 604-687-2522 |
| Toll Free No.： | 1-888-688-2522 |
| Web Site： | www.strategicmetalsltd.com |
| E-mail： | rdrechsler@strategicmetalsltd.com |
| Contact Person： | Richard Drechsler |
| Position： | VP Communications |
| Traded Market： | TSX-V |
| Traded Symbol： | SMD |
| Outstanding Shares： | ~110.96 million |
| Public Float： | ~85.35 million |
| 52 Week High： | $ 0.38 |
| 52 Week Low： | $ 0.165 |
| Present Price： | Click Here |
Strategic Metals (“SMD”) is a project generator with 12 royalty interests, 15 projects under option to others and a portfolio of 85 wholly owned projects that are the product of over 50 years of focused exploration and research by a team with a record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.
Key Highlights
Strategic Metals is an experienced junior explorer that follows the generative model focused on early-stage acquisitions. SMD’s multifaceted assets include:
Quality Project Profile
- 85 wholly owned mineral projects located in Yukon, northern BC and western NWT.
- Widely diverse commodities and deposit types
- Net Smelter Return royalty interests in 12 projects
Project Partnerships
- Multiple projects under option or in joint ventures
- Benjamin Hill to earn 60% in Alotta Project – drill results pending
- Alpha Copper to earn 70% of Hopper Project – multiple impressive intercepts
- Trifecta Gold to earn up to a 100% interest in 11 projects located in central Yukon, namely Mt. Hinton, Rye, Lance, Liam, Lois, Leroy, Luke, Leah, Lisa, Husky and Naws. (See news release dated March 4, 2024)
Portfolio of Equity Investments
- An impressive portfolio of shareholdings in other junior companies and private investments with a current total value of ~CAD$33.2 million
- ~$2-million in cash and no debt
-
Large shareholdings in several active mineral exploration companies, including:
32.8 per cent (%) of Broden Mining Ltd.
33.4% of GGL Resources Corp.
29.6% of Rockhaven Resources Ltd.
16.2% of Silver Range Resources Ltd.
15.6% of Precipitate Gold Corp. and
15.2% of Honey Badger Silver Inc.
All these companies are engaged in promising exploration projects. - Strategic also owns 15 million shares (11.7%) of Terra CO2 Technologies Holdings Inc., a private Delaware corporation developing a cost-effective alternative to Portland cement, which recently announced a definitive agreement with Asher Materials for an exclusive market licence of Terra's first commercial-scale advanced processing facility.
Leading Yukon Focused Exploration Team
- Preferred access to a highly successful exploration team and one of western Canada’s largest private databases.
- 2 signed Exploration Agreements with local First Nations
Project portfolio by the numbers
- 85 projects held 100%
- Over 12,000 mineral claims covering a wide suite of commodities
- Modelled on nearby deposits
- 5 Class III drill permits in place
- Over $6.2 million accrued assessment credits
- Growing Royalty Portfolio
Critical Metals – Tin, Vanadium, Nickel, Cobalt, Tungsten
Strategic’s management team has been amassing high quality critical metals targets for over 30+ years
- Oli Project: Historical drill intercepts have included 1.0% Sn over 6.0 m, 0.31% Sn over 10.4 m, 44.6 g/t Ag over 6.4 m and 15.0% tin over 0.8 m.
- Bix Project: Historical drill intercept of 0.28% Sn over 7.62 m. 2020 grab sample graded 14.9% Sn.
- Rod Project: Drill hole returned 0.15% Ni, 0.43% V2O5 and 195 ppm Mo over 10.67 m which is underlain by another 48.77 m averaging 0.43% V2O5 within multi-square kilometre soil geochemical anomaly.
- Rye Project: Four chip samples taken along a 50 m strike length, averaged 0.76% Sn, 65.8 g/t Ag, 1.84% Pb, 1.02% Zn and 0.104% Cu over 2.47 m.
- Van Project: Sedimentary horizon averages 0.4 to 0.6% V2O5 over +50 m thickness, traced for 600 m strike and open. Drill confirmed.
- Batt Project: Surface grab samples up to 19% Cu, 1.4% Co and 4.54 g/t Au.
- Boot Project: Multiple drill holes returned intervals better than 1% WO3 including 1.95% WO3 with 0.6 g/t Au over 5.18 m.
Critical Metals – Zinc
- The Crag belt is a 14 km CRD belt centered on the open-ended Craig Deposit
- Craig Deposit historical mineral resource estimate of 874,980 tonnes averaging 123.4 g/t silver, 8.5% lead and 13.5% zinc
Critical Metals – Copper
Selected Highlights:
- Mint Project: 0.2 g/t Au over 331 m (entire hole) including 0.6 g/t Au over 53 m at the bottom of the hole.
- Nikki Project: historical drilling returned 0.15% Cu over 150 m and 0.12% Cu over 140 m, and chip samples of 0.47% Cu and 0.2 g/t Au over 8 m.
- Alotta Project (under option): 4 x 1.5 km soil anomaly sits above a magnetic low with coincident IP chargeability anomaly.
- Hopper Project (under option): drill results from stacked skarn horizons include 1.94% copper and 0.87 g/t gold over 18.59 m. Untested porphyry potential marked by a large chargeability anomaly.
- Mars Project (class 3 permitting underway): drill results including 0.27 g/t Au, 0.16% Cu over 23 m and 0.17 g/t Au, 0.25% Cu over 14.75 m from near the bottom of a hole that was terminated short of target depth.
- CD Project (class 3 permit valid until March 2033): undrilled 1,200 m by 400 m area of coincident, highly anomalous copper and gold geochemistry with strong chargeability support.
Alotta – Under Option to Benjamin Hill Mining
- Large scale copper-gold porphyry target marked by a broad magnetic low, coincident anomalous geochemistry and 30m chargeability anomaly.
- Located 40 km south-east of the Casino Au/Cu porphyry deposit (amongst the largest undeveloped Gold/Copper deposits in the World).
- Benjamin Hill can earn 60% by spending $11 million by the end of 2027 and paying Strategic $500,000
- Maiden drill program returned 0.46 g/t gold over 211.65 metres
Upcoming Catalysts
- Rockhaven Resources – updated resource estimate and a Pre-Feasibility Study to be published in 2024.
- Broden Mining – expects to sign property transfer agreements and release an updated resource and a preliminary economic assessment (PEA).
- Terra CO2 Technologies – progressing towards commercialization.
- Option partner Benjamin Hill – Follow-up drilling at Alotta.
- GGL Resources advancing Le Champ porphyry in Nevada’s Walker Lane.
Management and Directors
W. Douglas Eaton, B.A., B.Sc., President, CEO and Director
Partner of Archer, Cathro & Associates since 1981.
Exceptional knowledge of Yukon geology and contributor to several important discoveries.
In 2012 Mr. Eaton was a co-recipient of the H.H. Spud Huestis Award.
Ian J. Talbot, B.Sc., LLB., COO
Geologist and lawyer. Practiced exclusively in mining and securities law.
Former in-house counsel with BHP Billiton World Exploration Inc.
Larry Donaldson, CPA, CA, CFO
Chartered Professional Accountant
Extensive experience in public company audits, and in accounting and tax planning for mineral exploration companies.
Glenn R. Yeadon, B.Comm., LLB., Secretary and Director
Barrister and solicitor practicing primarily in the field of securities law.
Partner or associate with Tupper Jonsson & Yeadon since 1983.
Richard Drechsler, B.Sc., VP, Communications
Investor relations manager; First Nations and community liaison.
Worked in the mining/mineral exploration industry since 2005.
CEO of Trifecta Gold Ltd.
Independent Directors:
Bruce A. Youngman, B.Sc.
Former President of Canplats Resources, acquired by Goldcorp for $300 million in 2010.
Former President and VP of Northern Dynasty Minerals
Lee A. Groat, B.Sc, Ph.D.
Geology Professor, University of British Columbia
Director of Terra CO2
Rachele Gordon, CPA, CA
Chartered Professional Accountant and Senior Manager in Taxation Services with MNP LLP.
Ryan E. Schedler, B.Sc, MBA
Investment Professional, Managing Director of Condire Investors.
On October 23, 2024, Strategic Metals Ltd. portfolio holding Terra CO2 Technology Holdings Inc. has been selected as a recipient of $52.6-million (U.S.) in funding from the Department of Energy Manufacturing & Energy Supply Chains Office to establish a new manufacturing facility to produce an innovative high-performing supplementary cementitious material in Magna, Utah, United States.
Project description - Terra will establish a new manufacturing facility in Magna, Utah, dedicated to producing an innovative high-performing supplementary cementitious material (SCM), a low-emission, cost-effective replacement for traditional ordinary Portland cement (OPC). The project will use local, above-ground mine tailings from Rio Tinto's Kennecott mine as feedstock to produce 240,000 tonnes per year of local SCM, at lower cost and 70 per cent lower emissions versus OPC production, reducing carbon emissions by 150,000 tonnes per year."
The facility in Magna, Utah, is in addition to the Cleburne project, a state-of-the-art processing facility, where Terra has partnered with Asher Materials to supply SCM in the Dallas-Fort Worth market.
Strategic currently holds 15 million shares or 11.7 per cent of Terra.
On July 09, 2024, The TSX Venture Exchange has accepted for filing documentation the property option agreement dated March 21, 2024, between the company and a non-arm's-length party. Pursuant to the terms of the agreement, the company has granted the purchaser the option to acquire up to a 100-per-cent interest in the Mt. Hinton project and 10 other gold projects over two-stage earn-in phases according to the following payment schedule.
First option: 70-per-cent interest:
- 305,000 common shares of the purchaser;
- Exploration expenditures of $6-million, which may be accelerated at the purchaser's discretion:
- $500,000 on or before Dec. 31, 2024;
- $1-million on or before Dec. 31, 2025;
- $1.5-million on or before Dec. 31, 2026;
- $3-million on or before Dec. 31, 2027;
- The company will be granted a 1-per-cent net smelter royalty (NSR) return;
- Upon the exercise of the first option and the termination of the second option, the parties will be deemed to have entered into a joint venture agreement.
Second option: 30 per cent (total of 100 per cent):
- An additional share issuance to be the number of shares equal to 9.99 per cent of the issued and outstanding shares following the issuance of those shares, subject to a maximum of 8.92 million shares;
- Second option must be fulfilled on or before Feb. 28, 2028;
- Upon exercise of the second option, the company will be granted an additional 1-per-cent net smelter return (NSR) royalty. The purchaser may repurchase the second option NSR for 1,500 ounces of gold or the cash equivalent at the time of repurchase.
On July 09, 2024, Further to its March 1, 2024 news release, Trifecta Gold Ltd. has received final approval from the TSX Venture Exchange to acquire up to 100 per cent of Mount Hinton and 10 other highly prospective, intrusion-related gold projects located in Yukon's Tombstone gold belt. Under a two-stage earn-in agreement with Strategic Metals Ltd., Trifecta can acquire up to a 100-per-cent interest in all 11 properties. Highlights:
- Trifecta Gold secures option to acquire up to 100-per-cent interest in Mount the Hinton gold-silver project, next to Hecla's Keno Hill mines, as well as 10 other highly prospective projects.
- All 11 projects show characteristics of reduced intrusion-related gold systems, like Snowline Gold's recent Valley discovery.
On July 09, 2024, Strategic Metals Ltd. announced that it has received final Exchange Approval for the Tombstone Belt transaction with Trifecta Gold Ltd. ("Trifecta") as announced by Strategic on March 4, 2024, and approved by disinterested shareholders as announced on June 25, 2024, pursuant to which Trifecta has the right to acquire up to 100% interest in the Mount Hinton and ten other highly prospective, intrusion-related gold projects located in the Tombstone Gold Belt of Yukon Territory.
Under the terms of the option agreement Trifecta can acquire an initial 70% interest in the properties (the "First Option") by incurring aggregate exploration expenditures of $6 million by December 31, 2027 and issuing 305,000 Trifecta shares to Strategic. Following the exercise of the First Option, Strategic will retain a one percent (1%) net smelter return royalty interest in the properties.
Trifecta can acquire the remaining 30% interest in the properties (the "Second Option") by issuing additional Trifecta shares to Strategic equal to 9.99% of the then outstanding Trifecta share capital at any time after the exercise of the First Option and prior to February 28, 2028, which number of shares to be issued to Strategic will not include any shares of Trifecta then held by Strategic, but will be subject to a maximum of 8,920,000 shares of Trifecta. Following the exercise of the Second Option, Strategic will retain an additional one percent (1%) net smelter return royalty interest. Trifecta can purchase the second royalty interest from Strategic for the payment of 1,500 ounces of gold or the cash equivalent.
If Trifecta exercises the First Option only, the parties shall form a joint venture to further explore and develop the properties.
On June 25, 2024, At a special meeting of its shareholders held on June 24, 2024, disinterested shareholders of Strategic Metals Ltd. approved a related party transaction with Trifecta Gold Ltd., pursuant to which Trifecta has the right to acquire up to 100-per-cent interest in the Mount Hinton and 10 other highly prospective, intrusion-related gold projects located in the Tombstone gold belt of Yukon, as announced by Strategic on March 4, 2024.
On May 16, 2024, Strategic Metals Ltd. has terminated the option agreement on the Hopper copper-gold project with Alpha Copper Corp. Upon termination, Strategic regains full ownership of the Project, without any underlying royalty interest.
The Project consists of 365 mineral claims covering a 74 km2 area in southern Yukon, within the Traditional Territory of the Champagne and Aishihik First Nations. Exploration targets at Hopper, which covers a copper-gold porphyry and skarn system, are fully permitted and accessible via a network of roads and trails.
On May 09, 2024, Strategic Metals Ltd. has released results from a recently completed reinterpretation of geological, geophysical and geochemical data from its wholly owned CD project, in southwestern Yukon. The Project lies within the Dawson Range Gold Belt, a metallogenic province that hosts several major deposits including Western Copper and Gold Corporation's Casino porphyry copper-gold deposit (Figure 1), 85 km to the northwest; Newmont Corporation's Coffee gold deposit, 120 km to the northwest; and Rockhaven Resources' Klaza epithermal gold-silver deposit, 20 km to the east.
Strategic's Vice President Exploration, Jack Morton commented, "The geophysical and geochemical anomalies identified at CD are similar in size and tenor to those identified at the Alotta Project, which is situated 54 km northwest of CD, in the Dawson Range Gold Belt. On May 7, 2024, Strategic's partner Forge Resources Corp. announced that it plans to commence 2,500 m of diamond drilling at Alotta to follow up encouraging drill intercepts from its maiden campaign, including 0.46 g/t gold over 211.65 m from surface (see news release dated February 29, 2024).The Strategic team consider the Maloney Zone at CD to be one of the Yukon's foremost untested porphyry targets."
On April 24, 2024, Strategic Metals Ltd. announced that Jackson Morton, PGeo, has been appointed as vice-president, exploration, of Strategic Metals Ltd. Mr. Morton has over a decade of experience managing mineral exploration programs across North America as a former principal and senior geologist with the consulting firm of Archer, Cathro & Associates (1981) Ltd. A significant amount of Mr. Morton's Yukon experience has been acquired while working on Strategic projects.
"Jack has a deep knowledge of Yukon geology and considerable familiarity with Strategic's projects," states Doug Eaton, president and chief executive officer. "He will work closely with the rest of Strategic's management team to find optionors and purchasers for our outstanding portfolio of exploration projects, maintain our strong financial position, and expand our royalty holdings."
Strategic also announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those individuals to purchase up to a total of 2.95 million common shares at a price of 19 cents per share for a period of five years. All options will vest on a quarterly basis commencing three months from the date of grant.
March 4, 2024, Strategic Metals Ltd. announced that it has granted Trifecta Gold Ltd. (“Trifecta”) (TSX-V: TG; OTCQB: TRRFF), the right to earn up to a 100% interest in 11 projects located in central Yukon, namely Mt. Hinton, Rye, Lance, Liam, Lois, Leroy, Luke, Leah, Lisa, Husky and Naws.
February 29, 2024, Strategic Metals’ Partner Benjamin Hill Mining Intercepts 211.65 Metres of 0.46 Grams/Tonne Gold in Maiden Drill Program at the Alotta Gold-Copper-Molybdenum Project, Yukon.