Strategic Metals Ltd. Options the Lance and Lois Projects and Renews Normal Course Issuer Bid
STRATEGIC METALS LTD. OPTIONS THE LANCE AND LOIS PROJECTS AND RENEWS
NORMAL COURSE ISSUER BID
Vancouver, B.C. – November 28, 2018 – Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) is pleased to
announce it has granted West Pacific Ventures Inc . (“ West Pacific ”) the optional right to purchase a
100% interest in Strategic’s Lance and Lois projects, located in the Lansing area of central Yukon.
Lance and Lois Option
The Lance and Lois are promising intrusion related gold targets located adjacent to Goldstrike Resources
Ltd.’s P lateau Property in central Yukon , where Newmont Mining Corp. has been funding exploration
efforts since 2017.
Under the terms of the option to purchase agreement, West Pacific can earn its 100% interest by paying
Strategic $400,000 over 4 years, and issuing Strategic 100,000 common shares of West Pacific upon West
Pacific becoming a publicly traded company.
Upon earn-in, Strategic will retain a 2% net smelter return royalty in any commercial production, half of
which (1% of the net smelter royalty interest) can be purchased by West Pacific for $1,000,000 any time
prior to the commencement of commercial produc tion. Strategic shall be entitled to receive a one -time
cash payment of $2.00 for each ounce of gold (or equivalent in other metals) identified as a measured or
indicated mineral resource, and an additional $2.00 for each ounce of gold (or equivalent in o ther metals)
identified as a proven or probable mineral reserve.
Normal Course Issuer Bid
Strategic is making a new Normal Course Issuer Bid (the "New Bid") pursuant to the provisions of TSX
Venture Exchange Policy 5.6, to succeed its existing Normal Cou rse Issuer Bid (the "Old Bid"), as
accepted by the TSX Venture Exchange on November 30, 2017.
Strategic has purchased no shares under the Old Bid, which will expire on November 30, 2018. The New
Bid will consist of the acquisition by Strategic of up to 5,900,000 common shares of its capital stock,
representing approximately 10% of the "public float" of 59,237,635 common shares upon the date of
commencement of the New Bid. (There are currently 89,440,151 common shares of Strategic issued and
outstanding.) The New Bid will commence on December 3, 2018, and will expire on December 2, 2019.
Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate
of 7,100,000 common shares), because it is of the opinion that fluctuating global market conditions
periodically (and currently) may result in unwarranted reductions in Strategic’s share price that do not
reflect the underlying value of its assets. Strategic will utilize unallocated cash resources to effect
purchases under the N ew Bid with a view to capitalizing on these potential price weaknesses. Shares
purchased under the New Bid will be made at Management’s discretion based on market conditions, and
will be returned to Strategic’s treasury for cancellation.
The New Bid will be conducted on behalf of Strategic by PI Financial Corp., of Suite 1900 - 666 Burrard
Street, Vancouver, B.C.
About Strategic Metals Ltd.
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Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50
years of focussed exploration and research by a team with a track record of major discoveries. Current
projects include 118 wholly-owned, 5 joint ventures, 4 under option a nd 8 royalty interests. Projects
available for option, joint venture or sale include drill -confirmed prospects and drill -ready targets with
high-grade surface showings, geochemical anomalies and geophysical features that resemble those at
nearby deposits.
Strategic has a strong cash posi tion and large shareholdings in a number of active mineral exploration
companies including 45.3% of GGL Resources Corp., 41.8% of Rockhaven Resources Ltd., 30.2% of
Precipitate Gold Corp., 17.8% of Silver Range Resources Ltd., 9. 1% Trifecta Gold Ltd., and 6.9% of
ATAC Resources Ltd.
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
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 re sults may differ materially from the expected
results.