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The latest announcement is out from Strategic Metals ( (TSE:SMD) ).
Strategic Metals Ltd. has enhanced its shares and royalty portfolio by selling a 100% interest in the Harvest Project to Fireweed Metals Corp., subject to a net smelter return (NSR) royalty. The transaction, valued at $150,000 in cash and $210,000 in Fireweed shares, strengthens Strategic’s position in the industry by adding another royalty interest. This move could potentially impact Strategic’s operations by expanding its influence in the mining exploration sector and offers stakeholders increased exposure to potential returns from ongoing exploration activities around Yukon.
More about Strategic Metals
Strategic Metals Ltd. is a project generator with a diverse portfolio, including 13 royalty interests, 12 projects under option to others, and 85 wholly owned projects. The company focuses on mining and exploration, leveraging over 50 years of exploration and research expertise. Its interests span multiple active exploration projects in the Yukon, collaborating with leading companies like Fireweed Metals, Snowline Gold, Seabridge Gold, Banyan Gold, Metallic Minerals, and Onyx Gold.
YTD Price Performance: 0.0%
Average Trading Volume: 39,390
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$16.09M
For an in-depth examination of SMD stock, go to TipRanks’ Stock Analysis page.
