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Strategic Metals Disinterested Shareholders Approve Tombstone Belt Transaction
VANCOUVER, BC / ACCESSWIRE / June 25, 2024 / Strategic Metals Ltd. (TSX-V:SMD) ("Strategic") ann...
About this update from Strategic Metals Ltd.
[{"type":"text","content":"Strategic Metals Disinterested Shareholders Approve Tombstone Belt TransactionVANCOUVER, BC / ACCESSWIRE / June 25, 2024 / Strategic Metals Ltd. (TSX-V:SMD) (\"Strategic\") announces that at a special meeting of its shareholders held on June 24, 2024, disinterested Strategic shareholders approved a related party transaction with Trifecta Gold Ltd. (\"Trifecta\"), pursuant to which Trifecta has the right to acquire up to 100% interest in the Mount Hinton and ten other highly prospective, intrusion-related gold projects located in the Tombstone Gold Belt of Yukon Territory, as announced by Strategic on March 4, 2024.About Strategic Metals Ltd.Strategic is a project generator with 13 royalty interests, 14 projects under option to others, and a portfolio of 82 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 $1.7 million and large shareholdings in several active mineral exploration companies including 32.8% of Broden Mining Ltd., 33.4% of GGL Resources Corp., 29.6% of Rockhaven Resources Ltd., 16.2% of Silver Range Resources Ltd and 15.6% of Precipitate Gold Corp. 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 announced a definitive agreement with Asher Materials for an exclusive market license of Terra's first commercial-scale advanced processing facility.ON BEHALF OF THE BOARD\"W. Douglas Eaton\"President and Chief Executive OfficerFor further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:Corporate InformationStrategic Metals Ltd.W. Douglas EatonPresident and C.E.O.Tel: (604) 688-2568Investor InquiriesRichard DrechslerV.P. CommunicationsTel: (604) 687-2522NA Toll-Free: (888) [email protected] http://www.strategicmetalsltd....