Strategic Metals and Trifecta Gold Property Transaction Approved
Strategic Metals and Trifecta Gold Property Transaction Approved
Vancouver, B.C. – July 9, 2024 – Strategic Metals Ltd. (TSX -V: SMD) ( “Strategic”) announces
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.
About Strategic Metals Ltd.
Strategic is a project generator with 13 royalty interests, 14 projects under option to others, and
a portfolio of 82 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. 7 million and large shareholdings in
several active mineral exploration companies including 32.8% of Broden Mining Ltd., 33.4% of
GGL Resources Corp., 29.6% of Rockhaven Resources Ltd., 16.2% 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 CO 2 Technologies Holdings
Inc. (“Terra”), a private Delaware corporation developin g a cost-effective alternative to Portland
2
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.