Strategic Metals Completes Sale of Yukon Mineral Properties

Strategic Metals Ltd. has finalized a property purchase agreement with Cascadia Minerals Ltd., transferring complete ownership of the Byng and Mars mineral properties located near Whitehorse, Yukon. The transaction involves a cash payment of $125,000 and the issuance of 500,000 common shares valued at $0.25 each. A 2% net smelter return (NSR) royalty is retained by Strategic, with Cascadia holding an option to buy back half of the NSR. This deal underscores Strategic's focus on optimizing its extensive project portfolio.

The agreement includes provisions related to pre-production transactions, such as the $2 million acquisition option for the NSR by Cascadia, subject to adjustments. Additionally, existing royalty commitments to third parties for a portion of the properties will remain active. Strategic Metals continues to diversify its interests through substantial stakes in multiple exploration entities and retains a strong cash position.