Strategic Metals Acquires the Division Mountain Thermal Coal Deposit, Yukon
Strategic Metals Acquires the Division Mountain Thermal Coal Deposit, Yukon
Vancouver, B.C. – May 7, 2025 – Strategic Metals Ltd. (TSX -V: SMD) ( “Strategic” or the
“Company”) is pleased to announce that it has acquired two coal licenses covering the Division
Mountain thermal coal deposit, located 90 km northwest of Whitehorse, Yukon. It lies within the
Traditional Territories of Champagne and Aishihik , Little Salmon/Carmacks and Kwanlin Dün
First Nations and the Ta’an Kwäch’än Council (collectively “the local First Nations”).
“Division Mountain represents a tremendous opportunity for a made -in-Yukon solution to
Yukon’s current and increasing energy problem” states Doug Eaton, Strategic ’s President and
CEO. “ The deposit is road accessible and lies near existing Yukon Energy Corporation
transmission lines. It contains a historical measured resource of 52.5 Mt of bituminous coal1,
which is envisioned to supply a state-of-the-art, clean coal fired electrical generation plant that
would replace the Yukon’s existing and proposed diesel power generators. The resource at
Division Mountain represents a local thermal coal supply that would be sufficient to provide
baseload power for a generation or more. In the coming weeks Strategic intends to work closely
with local First Nations to establish a cooperative structure that would facilitate evaluation and, if
warranted, development of this timely opportunity.”
The Division Mountain area is underlain by primarily Jurassic to Cretaceous sedimentary rocks of
the Laberge Group and Tantalus Formation. Coal occurrences occur within a 50 m interval in the
Tanglefoot formation of the Lab erge Group. Exploration at Division Mountain occurred
intermittently since 1972, and work included : 10.2 km of excavator trenching; 11,442 m of
diamond drilling in 68 holes; 1869 m of reverse-circulation (RC) drilling in 20 holes; and 124.7 m
of rotary -air-blast (RAB) drilling in 4 holes. This work has work has identi fied a historical
measured resource of 52.5 Mt of high volatile “B” -grade bituminous coal , which includes a
historical proven reserve of 26.4 Mt1. Reserves were calculated on the basis of coal being surface
mined using conventional truck and shovel practices. In addition, the deposit remains open to the
north, west and southeast.
Recent reporting by the Yukon Energy crown corporation has forecasted a 50% peak demand
increase for non-industrial electricity uses by 20352. This surge is further amplified by major mine
projects that are advancing in the territory. As there are no crude oil pipelines, crude -by-rail
facilities, or natural gas pipelines in the Yukon, virtually all of the fuel for thermal power
generation is delivered to communities by truck from Alberta and British Columbia. The Division
Mountain deposit is located 20 km west of a major electrical transmission line and ideally situated
to provide feedstock to a local power plant.
1Reserves and resources were defined by Norwest Corporation in 2008, and may not be NI 43-101
compliant. Therefore, they are considered historical in nature. A qualified person on behalf of
Strategic has not done sufficient work to review and update the historical estimate as current
mineral resources or reserves and the issuer is not treating the historical estimate as current mineral
resources or reserves.
2Source: Building a Resilient and Renewable Energy Future, Yukon Energy Corporation, 2025;
retrieved from: https://yukonenergy.ca/energy-in-yukon/energy-future/electricity-planning
Technical information in this news release has been approved by Strategic’s Vice President
Exploration, Jackson Morton, P.Geo., a qualified person as defined under the terms of National
Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 16 royalty interests, 12 projects under option to others, and a
portfolio of 83 wholly owned projects that are the product of over 50 years of focussed exploration
and research by a team with a track 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.
Strategic has a current cash position of approximately $ 1.2 million and large shareholdings in
several active mineral exploration companies including 31.9% of Broden Mining Ltd., 33.4% of
GGL Resources Corp., 28% of Rockhaven Resources Ltd., 15.6% of Silver Range Resources Ltd
and 15.6% of Precipitate Gold Corp. All these companies are engaged in promising exploration
projects. Strategic also owns 15 million shares of Terra CO2 Technologies Holdings Inc. (“Terra”),
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 license
of Terra's first commercial-scale advanced processing facility.
ON BEHALF OF THE BOARD
“W. Douglas Eaton”
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our
website at www.strategicmetalsltd.com or contact:
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
http://www.strategicmetalsltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward looking statements based on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration
and other risk factors beyond its control, and actual results may differ materially from the expected results.