Strategic Metals Ltd. Initiates New Share Buyback Program

Strategic Metals Ltd. (TSXV:SMD) has announced a new Normal Course Issuer Bid to succeed its previous program, which is set to expire on December 4, 2025. The new initiative allows Strategic to repurchase up to 8,500,000 common shares, corresponding to about 10% of its public float.

Under the outgoing program, Strategic had not repurchased any shares. The new buyback will begin on December 5, 2025, and run through December 4, 2026. Fluctuating global market conditions, which may inadequately reflect the company's asset value, motivated this decision. Utilizing unallocated cash, Strategic aims to capitalize on perceived share price weaknesses.

The share repurchases will be managed by Ventum Financial Corp. and any acquired shares will be canceled, signaling a focus on enhancing shareholder value amidst market uncertainties.