STRATEGIC METALS LTD NEW - SMDZF STOCK NEWS

Strategic Metals (TSXV:SMD) announced that its portfolio company Terra CO2 Technology Holdings has been awarded US$52.6 million in funding from the Department of Energy to establish a new manufacturing facility in Magna, Utah. The facility will produce Supplementary Cementitious Material (SCM), using mine tailings from Rio Tinto's Kennecott mine as feedstock. The facility aims to produce 240,000 tons per year of SCM with 70% lower emissions compared to traditional cement production, potentially reducing carbon emissions by 150,000 tons annually. Strategic Metals currently holds 15 million shares, representing an 11.7% stake in Terra.

On July 9, 2024, Strategic Metals announced final Exchange Approval for the Tombstone Belt transaction with Trifecta Gold. This agreement allows Trifecta to acquire up to 100% interest in the Mount Hinton and ten other gold projects in the Yukon Territory. Initially, Trifecta can gain a 70% interest by spending $6 million on exploration by December 31, 2027, and issuing 305,000 shares to Strategic. Afterward, Strategic retains a 1% net smelter return royalty interest. To acquire the remaining 30%, Trifecta must issue additional shares to Strategic, totaling up to 9.99% of Trifecta's outstanding shares, by February 28, 2028. Following full acquisition, Strategic will hold another 1% royalty interest, which Trifecta can buy for either 1,500 ounces of gold or its cash equivalent. If only the first option is exercised, a joint venture will be formed for further exploration.

Strategic Metals (TSX-V:SMD) has announced that disinterested shareholders approved a related party transaction with Trifecta Gold. In a special meeting on June 24, 2024, shareholders voted to allow Trifecta to potentially acquire up to 100% interest in the Mount Hinton and ten other gold projects in the Tombstone Gold Belt, Yukon Territory. This approval follows the initial announcement made on March 4, 2024.

Strategic Metals has regained full ownership of the Hopper copper-gold project after terminating its option agreement with Alpha Copper. The project, located in southern Yukon, spans 365 claims and covers a 74 km² area. Recent drill results include 1.87% copper and 1.04 g/t gold over 15.27 meters from the Copper Castle skarn target, and 0.22% copper over 114.38 meters from the Hopkins North porphyry target. The project is road-accessible and permitted for large drill programs, situated near Otter Falls hydroelectric generator and Haines port.

Additionally, Strategic sold its NAD Property to Senoa Gold Corp. for $50,000 and a 2% NSR royalty. Exploration on the Hopper project remains promising, with significant mineralization yet to be fully tested.

Strategic Metals highlights the CD Copper-Gold Porphyry Target in the southwestern Yukon, indicating a robust porphyry system based on a strong soil geochemical anomaly and geophysical data. The project area is fully permitted for a large-scale drill program and lies in a metallogenic province with major deposits nearby. The CD Project shows porphyry-style veining and alteration with highly anomalous gold and copper geochemistry. The geophysical data reveals a magnetic high flanked by chargeability highs, typical of chargeable sulphide minerals around a porphyry core. The Maloney Zone at CD is considered a prominent untested porphyry target by Strategic Metals

Strategic Metals appoints Jackson Morton as Vice President, Exploration, strengthening the management team. Morton's extensive experience in mineral exploration and geology will enhance the company's project development. Additionally, the company grants stock options to key personnel, aiming to incentivize performance and align interests with shareholders.

Strategic Metals Ltd. grants Trifecta Gold Ltd. the right to earn up to 100% interest in 11 projects in central Yukon. Trifecta can acquire 70% interest by incurring $6 million in exploration costs by 2027. Strategic retains a 1% net smelter return royalty interest. Trifecta can acquire the remaining 30% interest by issuing additional shares to Strategic. Strategic will retain an additional 1% net smelter return royalty interest. Trifecta can purchase the second royalty interest from Strategic for 1,500 ounces of gold or cash equivalent. If Trifecta exercises the First Option only, a joint venture will be formed to further explore and develop the properties.

Strategic Metals Ltd. announces successful intersection of extensive porphyry style mineralization at the Alotta project in Yukon by partner Benjamin Hill Mining Corp. The partner has the option to earn a 60% interest by meeting exploration expenditure and cash payment milestones. The drill program will resume in May 2024 to explore potential porphyry mineralization centers.

Strategic Metals Ltd. (SMD) Announces New Normal Course Issuer Bid to Acquire Up to 8,500,000 Common Shares