Strategic Metals Ltd. Announces Significant Funding for Terra CO2

Strategic Metals Ltd., based in Vancouver, Canada, has announced that its portfolio company, Terra CO2 Technology Holdings Inc., has secured significant funding. The U.S. Department of Energy's Manufacturing & Energy Supply Chains Office has awarded Terra CO2 US$52.6 million. This investment will facilitate the establishment of a new manufacturing facility in Magna, Utah, aimed at producing an innovative Supplementary Cementitious Material (SCM).

The facility will leverage local mine tailings from Rio Tinto's Kennecott mine to produce 240,000 tons annually. This SCM serves as a cost-effective, low-emission alternative to traditional Ordinary Portland Cement, reducing emissions by 70% and cutting carbon output by 150,000 tons per year.

Strategic Metals holds a significant stake in Terra CO2, owning 15 million shares, equivalent to 11.7% of the company. This development underscores Strategic's role as a project generator, diversifying its interests across multiple exploration ventures.