Strategic Metals Provides Update on Portfolio Holding: Terra CO2 Technology
Strategic Metals Provides Update on Portfolio Holding: Terra CO2 Technology
Vancouver, B.C. – October 23, 2024 – Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) is
pleased to announce that Terra CO2 Technology Holdings Inc. (“Terra”) has been selected as a
recipient of US$52.6 million 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, USA.
Additional information can be found at https://www.energy.gov/mesc/advanced-energy-
manufacturing-and-recycling-program-selections. The following is an excerpt from Energy.gov.
“Project Description:
Terra will establish a new manufacturing facility in Magna, UT, 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 tons per year of local SCM, at lower cost and 70% lower emissions versus OPC
production, reducing carbon emissions by 150,000 tons 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.
Additional information about the Cleburne Project is available on the Terra website:
https://www.resources.terraco2.com/cleburne-project
Strategic currently holds 15 million shares or 11.7% of Terra.
About Strategic Metals Ltd.
Strategic is a project generator with 1 3 royalty interests, 1 3 projects under option to others, and
another 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.
In addition to its Terra shares, Strategic has a current cash position of approximately $1.2 million
and large shareholdings in several active mineral exploration companies including 33.4% of GGL
Resources Corp., 31.9% of Broden Mining Ltd., 29.6% of Rockhaven Resources Ltd., 16. 1% of
Silver Range Resources Ltd, and 15.6% of Precipitate Gold Corp. All these companies are engaged
in promising exploration projects.
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.