Strategic Metals Ltd Grants Trifecta Gold Ltd Option on Yukon Projects

Strategic Metals Ltd. (TSX-V:SMD), a prominent player in the mining sector, has announced a significant partnership with Trifecta Gold Ltd. (TSX-V:TG)(OTCQB:TRRFF), offering the latter an opportunity to gain up to a 100% interest in 11 strategic properties across the central Yukon. The projects in question include notable names such as Mt. Hinton, Rye, and Lance among others. This move is pending acceptance by the TSX Venture Exchange.

According to the agreement terms, Trifecta can secure a 70% interest initially by fulfilling a $6 million exploration expenditure requirement by the end of 2027, along with issuing shares to Strategic that will result in Strategic owning 9.99% of Trifecta's shares. Upon the fulfillment of these conditions, Strategic will maintain a 1% net smelter return royalty on the properties.

Trifecta has the option to acquire the remaining 30% interest, further increasing Strategic's stake by 9.99% post-first option execution, excluding shares already owned. Additionally, Strategic will receive another 1% net smelter return royalty, which Trifecta holds the right to purchase for 1,500 gold ounces or its cash equivalent. If Trifecta opts only for the first option, both companies will enter a joint venture to continue exploring and developing these properties.