BRÈVE

sur Strategic Metals Ltd. (isin : CA8627591073)

Strategic Metals and Trifecta Gold Property Transaction Approved

VANCOUVER, BC / ACCESSWIRE / July 9, 2024 - Strategic Metals Ltd. (TSXV:SMD) announced that it received final Exchange Approval for the Tombstone Belt transaction with Trifecta Gold Ltd. This approval allows Trifecta to acquire up to 100% interest in the Mount Hinton and ten other gold projects in the Tombstone Gold Belt of Yukon Territory.

Trifecta can attain an initial 70% interest by investing $6 million in exploration by December 31, 2027, and issuing 305,000 shares to Strategic. Strategic will retain a 1% net smelter return royalty interest on the properties.

Trifecta can acquire the remaining 30% interest by issuing additional shares to Strategic, amounting to 9.99% of Trifecta's share capital, before February 28, 2028, with a maximum of 8,920,000 shares. Strategic will then hold an additional 1% net smelter return royalty interest, which Trifecta can purchase for 1,500 ounces of gold or its cash equivalent.

If only the initial 70% interest is acquired, both companies will form a joint venture for further exploration.

R. H.

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