Strategic Metals Options Yukon Copper-GOLD Projects to GGL Resources Corp.
STRATEGIC METALS OPTIONS YUKON COPPER-GOLD
PROJECTS TO GGL RESOURCES CORP.
Vancouver, B.C. – July 27, 2026 – Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) announces
that it has granted GGL Resources Corp. (TSX-V: GGL) (“GGL”) a two-staged option to acquire
up to a one hundred percent (100%) interest in the Hopper, Kluane, Batt and Moraine mineral
properties (the “Properties”), all located in the southwestern Yukon Territory.
GGL can earn an initial seventy percent (70%) interest in the Properties by completing all of the
following by December 31, 2029 (the “First Option”):
• issuing 1,000,000 post -consolidation GGL shares to Strategic on or before October 31,
2026;
• incurring $10,000,000 in exploration expenditures on the Properties as follows:
o $2,000,000 on or before December 31, 2027;
o $3,000,000 on or before December 31. 2028; and
o $5,000,000 on or before December 31, 2029;
• included in the initial $2,000,000 exploration expenditure requirement is the
reimbursement of Strategic of up to $250,000 related to a 2026 exploration program on the
Properties.
GGL can acquire an additional thirty percent (30%) interest in the Properties for a total interest of
one hundred percent (100%) by making an additional payment to Strategic of $ 3,000,000 on or
before the earlier of: (i) March 31, 2030; and (ii) 90 days following the exercise of the First Option
(the “Second Option”).
Following the exercise of the Second Option, Strategic will retain a two percent (2%) net smelter
return royalty interest in all future commercial production of all commodities from the Properties.
GGL will have the right to purchase one-half (1/2) of the Strategic royalty interest for $3,000,000
at any time prior to the commencement of commercial production from any of the Properties.
If GGL elects to exercise the First Option only, GGL and Strategic will form a 70/30 joint venture
to explore and develop the Properties.
This transaction is subject to: (i) GGL completing a share consolidation at a ratio equal to four (4)
pre-consolidation common shares for one (1) post-consolidation common share; and (ii) each of
GGL and Strategic obtaining shareholder approval and TSX Venture Exchange acceptance of the
transaction.
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The transaction requires the approval of the disinterested shareholders of each of Strategic and
GGL at a special meeting of shareholders as Strategic currently holds 30.35% of the GGL issued
share capital and the transaction is a “related party” transaction as defined in M ultilateral
Instrument 61-101 and the TSX Venture Exchange policies. The special meeting of the
shareholders of each company will be held on or before the end of August 2026. There are no
finder’s fees associated with the option agreement.
Hopper Property
Strategic holds a one hundred percent ( 100%) interest in the Hopper property, a copper–gold
exploration pro ject located in southwestern Yukon. The property is comprised of 365 quartz
mining c laims and is accessible via a network of existing roads and trails. It is situated
approximately 22 km north of the Otter Falls hydroelectric generator and 320 km from the deep -
sea port of Haines, Alaska.
The project hosts both copper –gold skarn and porphyry -style mineralization within the Dawson
Range Copper–Gold Belt. Exploration programs including geological mapping, soil geochemical
surveying, airborne and ground geophysical surveying, trenching and diamond drilling have
identified multiple copper–gold targets associated with a large hydrothermal system. A 3,600 m
by 1,000 m copper-in-soil anomaly encompasses the principal Copper Castle, Northern Skarn and
Hopkins North targets.
The Copper Castle target comprises at least 11 stacked copper-gold skarn horizons that have been
partially delineated over approximately 1,200 m of strike length and a vertical extent of 425 m.
Drilling confirmed continuity of mineralization along strike and at depth, with intercepts including
1.87% Cu and 1.04 g/t Au over 15.27 m in hole HOP22-03 and 1.41% Cu and 0.53 g/t Au over
22.28 m in hole HOP-21-DDH-01. The skarn system remains open along strike and down dip.
The Northern Skarn target hosts skarn-style mineralization similar to the Copper Castle system but
has received only limited exploration.
The Hopkins North target comprises porphyry -style copper –gold–molybdenum mineralization
associated with a hydrothermal alteration system measuring approximately 650 m by 2,300 m. The
target lies within the Late Cretaceous Hopper Pluton, a granodiorite intrusion emplaced during the
same 75 Ma metallogenic episode resp onsible for the Casino copper -gold porphyry deposit.
Diamond drilling intersected broad intervals of copper mineralization, including 0.22% Cu over
114.38 m in hole HOP-21-DDH-06 from surface and 0.17% Cu over 162.85 m in hole DDH-15-
05. Despite its size and extent, the target remains largely untested by drilling. For more
information, please see the Hopper Property Technical Report filed on SEDAR December 11,
2025, authored by Jean Pautler, P.Geo.
Kluane Property
Subject to a one percent (1%) net smelter return royalty interest held by an arm’s length third party,
Strategic holds a one hundred percent ( 100%) interest in the Kluane property, a gold exploration
property located 46 km north of Haines Junction, Yukon. The property is comprised of 245 quartz
mining claims.
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The Kluane property hosts multiple high-grade gold-bearing quartz–carbonate vein systems within
metamorphic rocks of the Kluane Schist and associated intrusive rocks of the Ruby Range Suite.
Gold occurs as native gold and in association with arsenopyrite. Exploration to date has identified
numerous gold -bearing vein zones through prospecting, geochemical surveying, geophysical
surveying, trenching and diamond drilling, including the Rikus, Ross, Malou and Delor zones.
Chip sampling from multiple mineralized exposures along a 400 m section of the Rikus Zone
returned an average grade of 3.85 g/t Au over 2.76 m, including a best result of 7.36 g/t Au over
9.5 m. Drill intercepts include up to 5.32 g/t Au over 2.75 m. (Rockhaven Resources Ltd. News
Release June 17, 2009) Additional soil geochemical and geophysical anomalies remain only
partially tested.
Batt Property
Strategic holds a one hundred percent ( 100%) interest in the Batt property, a copper–cobalt–gold
exploration project located 68 km south of Haines Junction, Yukon. The property is comprised of
52 quartz mining claims and encompasses prospective volcanic and sedimentary rocks of the
Wrangellia Terrane that hosts volcanogenic massive sulphide (VMS) and structurally controlled
mineralization.
Exploration to date has identified multiple mineralized zones through geological mapping,
prospecting, geochemical surveying and trenching. Trench and surface sample results include
0.71% Cu, 0.21% Co and 1.18 g/t Au over 5.7 m; 8.72% Cu, 0.05% Co and 19.9 g/t Ag over 1.0
m; and 2.18% Co with 2.37 g/t Au over 0.5 m (Strategic News Release November 30, 2022). Soil
geochemical surveys have also outlined several untested multi-element anomalies across the Batt
property.
Moraine Property
Strategic holds a one hundred percent ( 100%) interest in the Moraine property, a copper–gold–
silver–molybdenum–tungsten exploration property located 90 km west -northwest of Whitehorse,
Yukon. The property is comprised of 102 quartz mining claims within the Dawson Range Gold
Belt and hosts skarn and vein -style mineralization with the potential for an associated porphyry
system.
Exploration to date has identified two copper–gold–silver skarn zones and a nearby gold -bearing
quartz vein through geological mapping, geochemical surveying and trenching. Reported results
include up to 2.1 g/t Au, 425 g/t Ag and 7.22% Cu from the South Skarn, and 13.7 g/t Au from
quartz vein float (Assessment Report describing Prospecting and Geochemical Sampling at the
Hooch Property, H. Smith, December 2011). Geophysical surveys and soil geochemical sampling
have also outlined numerous untested anomalies across the property.
Technical information in this news release has been approved by Jackson Morton, P.Geo., the
Strategic Vice President of Exploration and a qualified person as defined in National Instrument
43-101.
About Strategic Metals Ltd.
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Strategic is a project generator with 16 royalty interests, 14 projects under option to others, and a
portfolio of approximately 80 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 $5 million and large shareholdings in several
active mineral exploration companies including 32% of Broden Mining Ltd., 30.4% of GGL
Resources Corp., 28% of Rockhaven Resources Ltd., 15.5% of Silver Ra nge Resources Ltd., and
4.3% of Trifecta Gold Ltd. 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
broke ground on its first low -carbon cementitious materials facility in Cleburne Texas following
the closing of a US$124.5M financing.
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
https://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.