Strategic Metals Sells Harvest Project Creating Another Royalty Interest
Strategic Metals (TSXV:SMD) has announced the sale of its Harvest Project to Fireweed Metals Corp., expanding its shares and royalty portfolios. The project, located 200 km northeast of Ross River, Yukon, is surrounded by Fireweed's Macpass Project.
The transaction terms include:
- Cash payment of $150,000
- $210,000 in Fireweed shares
- 2% NSR Royalty on gold
- 0.5% NSR Royalty on silver and base metals
Strategic Metals' royalty portfolio now includes projects being developed by major Yukon companies including Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals and Onyx Gold.
Strategic Metals (TSXV:SMD) ha annunciato la vendita del suo Harvest Project a Fireweed Metals Corp., ampliando il proprio portafoglio di azioni e royalties. Il progetto, situato a 200 km a nord-est di Ross River, Yukon, è circondato dal Progetto Macpass di Fireweed.
I termini della transazione includono:
- Pagamento in contante di $150.000
- $210.000 in azioni Fireweed
- Royalty NSR del 2% sull'oro
- Royalty NSR dello 0,5% sull'argento e sui metalli di base
Il portafoglio di royalty di Strategic Metals comprende ora progetti in fase di sviluppo da parte di importanti aziende dello Yukon, tra cui Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals e Onyx Gold.
Strategic Metals (TSXV:SMD) ha anunciado la venta de su Harvest Project a Fireweed Metals Corp., expandiendo su cartera de acciones y regalías. El proyecto, ubicado a 200 km al noreste de Ross River, Yukón, está rodeado por el Proyecto Macpass de Fireweed.
Los términos de la transacción incluyen:
- Pago en efectivo de $150,000
- $210,000 en acciones de Fireweed
- Regalía NSR del 2% sobre el oro
- Regalía NSR del 0.5% sobre la plata y metales básicos
El portafolio de regalías de Strategic Metals ahora incluye proyectos que están siendo desarrollados por importantes empresas de Yukón, incluyendo Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals y Onyx Gold.
Strategic Metals (TSXV:SMD)는 Harvest Project를 Fireweed Metals Corp.에 매각한다고 발표하며, 자신의 주식 및 로열티 포트폴리오를 확장하고 있습니다. 이 프로젝트는 유콘주 로스 리버에서 북동쪽으로 200km 떨어진 곳에 위치하며, Fireweed의 맥패스 프로젝트에 의해 둘러싸여 있습니다.
거래 조건은 다음과 같습니다:
- 현금 지급액 $150,000
- Fireweed 주식 $210,000
- 금에 대한 2% NSR 로열티
- 은 및 비철금속에 대한 0.5% NSR 로열티
Strategic Metals의 로열티 포트폴리오는 이제 Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals 및 Onyx Gold와 같은 주요 유콘 기업의 개발 중인 프로젝트를 포함하고 있습니다.
Strategic Metals (TSXV:SMD) a annoncé la vente de son Harvest Project à Fireweed Metals Corp., élargissant ainsi son portefeuille d'actions et de redevances. Le projet, situé à 200 km au nord-est de Ross River, Yukon, est entouré par le projet Macpass de Fireweed.
Les termes de la transaction incluent:
- Paiement en espèces de 150 000 $
- 210 000 $ en actions de Fireweed
- Redevance NSR de 2 % sur l'or
- Redevance NSR de 0,5 % sur l'argent et les métaux de base
Le portefeuille de redevances de Strategic Metals comprend désormais des projets en cours de développement par de grands acteurs du Yukon, notamment Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals et Onyx Gold.
Strategic Metals (TSXV:SMD) hat den Verkauf seines Harvest Project an Fireweed Metals Corp. bekannt gegeben und damit sein Portfolio an Aktien und Royalties erweitert. Das Projekt befindet sich 200 km nordöstlich von Ross River, Yukon, und ist von Fireweeds Macpass-Projekt umgeben.
Die Bedingungen der Transaktion umfassen:
- Bargeldzahlung von 150.000 USD
- 210.000 USD in Fireweed-Aktien
- 2% NSR-Royalty auf Gold
- 0,5% NSR-Royalty auf Silber und Basismetalle
Das Royalty-Portfolio von Strategic Metals umfasst nun Projekte, die von großen Unternehmen aus Yukon entwickelt werden, darunter Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals und Onyx Gold.
- Immediate cash inflow of $150,000
- Additional $210,000 in Fireweed shares added to portfolio
- Retention of significant royalty rights (2% gold, 0.5% silver/base metals)
- Potential future royalty buyout payment of $1,000,000
- Loss of direct ownership and control of the Harvest Project
- Resale restrictions on received Fireweed shares for 4 months and 1 day
VANCOUVER, BC / ACCESS Newswire / January 16, 2025 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") is pleased to announce another addition to its shares and royalty portfolios by selling Fireweed Metals Corp. ("Fireweed") a
Under the terms of the agreement, which is subject to TSX Venture Exchange acceptance, Fireweed has agreed to acquire
Strategic Metals' growing royalty portfolio covers portions of many active exploration projects being advanced by leading Yukon mining and exploration companies including Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals and Onyx Gold.

About Strategic Metals Ltd.
Strategic is a project generator with 13 royalty interests, 12 projects under option to others, and a portfolio of 85 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
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: Strategic Metals Ltd.
View the original press release on ACCESS Newswire
FAQ
What are the terms of Strategic Metals' (SMDZF) Harvest Project sale to Fireweed?
What royalty rights does Strategic Metals (SMDZF) retain in the Harvest Project sale?
Can Fireweed buy back the royalty rights from Strategic Metals (SMDZF)?