Strategic Metals (TSE:SMD) has released an update.
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Strategic Metals Ltd. has granted Trifecta Gold Ltd. the option to earn up to a 100% interest in 11 central Yukon properties, with an investment commitment of $6 million in exploration by 2027 and additional share issuances. If Trifecta acquires an initial 70% stake, a joint venture will be formed unless they opt for full ownership by 2028, which includes further share distribution and the opportunity to buy out a net smelter return royalty. Strategic Metals boasts a robust portfolio of projects and significant shareholdings in a variety of mineral exploration companies, indicating a strong position in the market.
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