Strategic Metals Acquires the Division Mountain Thermal Coal Deposit, Yukon
Strategic Metals Ltd. (SMDZF) has acquired two coal licenses covering the Division Mountain thermal coal deposit in Yukon, located 90 km northwest of Whitehorse. The deposit contains a historical measured resource of 52.5 Mt of bituminous coal, including a historical proven reserve of 26.4 Mt.
The company plans to use the deposit to supply a state-of-the-art, clean coal-fired electrical generation plant, aiming to replace Yukon's existing and proposed diesel power generators. The deposit is strategically located 20 km west of a major electrical transmission line and could provide baseload power for a generation or more.
This acquisition comes as Yukon Energy forecasts a 50% peak demand increase for non-industrial electricity by 2035. Strategic Metals plans to work with local First Nations to establish a cooperative structure for evaluation and potential development of the project.
Strategic Metals Ltd. (SMDZF) ha acquisito due concessioni minerarie per carbone che coprono il giacimento di carbone termico Division Mountain nello Yukon, situato a 90 km a nord-ovest di Whitehorse. Il giacimento presenta una risorsa storica misurata di 52,5 Mt di carbone bituminoso, inclusa una riserva storica comprovata di 26,4 Mt.
L'azienda intende utilizzare il giacimento per alimentare una centrale elettrica all'avanguardia a carbone pulito, con l'obiettivo di sostituire gli attuali e i futuri generatori diesel dello Yukon. Il giacimento si trova strategicamente a 20 km a ovest di una linea elettrica di trasmissione principale e potrebbe fornire energia di base per una o più centrali.
Questa acquisizione avviene mentre Yukon Energy prevede un aumento del 50% della domanda di picco per l'elettricità non industriale entro il 2035. Strategic Metals intende collaborare con le Prime Nazioni locali per creare una struttura cooperativa per la valutazione e il possibile sviluppo del progetto.
Strategic Metals Ltd. (SMDZF) ha adquirido dos licencias de carbón que cubren el depósito de carbón térmico Division Mountain en Yukon, ubicado a 90 km al noroeste de Whitehorse. El depósito contiene un recurso histórico medido de 52,5 Mt de carbón bituminoso, incluyendo una reserva histórica probada de 26,4 Mt.
La empresa planea utilizar el depósito para abastecer una planta de generación eléctrica de carbón limpia y de última tecnología, con el objetivo de reemplazar los generadores diésel existentes y propuestos en Yukon. El depósito está estratégicamente ubicado a 20 km al oeste de una línea principal de transmisión eléctrica y podría proporcionar energía base para una o más plantas de generación.
Esta adquisición se produce mientras Yukon Energy pronostica un aumento del 50% en la demanda máxima de electricidad no industrial para 2035. Strategic Metals planea trabajar con las Primeras Naciones locales para establecer una estructura cooperativa para la evaluación y posible desarrollo del proyecto.
Strategic Metals Ltd. (SMDZF)는 유콘주 화이트호스에서 북서쪽으로 90km 떨어진 Division Mountain 열탄 광상을 포함하는 두 개의 석탄 채굴권을 인수했습니다. 이 광상은 52.5Mt의 역대 측정된 역청탄 자원과 그 중 26.4Mt의 역대 증명된 매장량을 포함하고 있습니다.
회사는 이 광상을 첨단 청정 석탄 발전소에 공급하여 유콘주의 기존 및 계획된 디젤 발전기를 대체할 계획입니다. 이 광상은 주요 송전선에서 서쪽으로 20km 떨어진 전략적 위치에 있으며, 하나 이상의 발전소에 기저 전력을 제공할 수 있습니다.
이번 인수는 Yukon Energy가 2035년까지 비산업용 전력의 최대 수요 50% 증가를 예상하는 가운데 이루어졌습니다. Strategic Metals는 현지 퍼스트 네이션과 협력하여 프로젝트 평가 및 잠재적 개발을 위한 협력 구조를 구축할 계획입니다.
Strategic Metals Ltd. (SMDZF) a acquis deux licences de charbon couvrant le gisement de charbon thermique Division Mountain au Yukon, situé à 90 km au nord-ouest de Whitehorse. Le gisement contient une ressource historique mesurée de 52,5 Mt de charbon bitumineux, incluant une réserve historique prouvée de 26,4 Mt.
La société prévoit d’utiliser ce gisement pour alimenter une centrale électrique au charbon propre et à la pointe de la technologie, dans le but de remplacer les générateurs diesel existants et proposés au Yukon. Le gisement est stratégiquement situé à 20 km à l’ouest d’une ligne de transmission électrique majeure et pourrait fournir une énergie de base pour une ou plusieurs centrales.
Cette acquisition intervient alors que Yukon Energy prévoit une augmentation de 50 % de la demande de pointe en électricité non industrielle d’ici 2035. Strategic Metals envisage de collaborer avec les Premières Nations locales pour établir une structure coopérative en vue de l’évaluation et du développement potentiel du projet.
Strategic Metals Ltd. (SMDZF) hat zwei Kohlelizenzen erworben, die das Division Mountain Thermalkohlevorkommen im Yukon abdecken, etwa 90 km nordwestlich von Whitehorse gelegen. Das Vorkommen enthält eine historische gemessene Ressource von 52,5 Mio. Tonnen bituminöser Kohle, darunter eine historisch nachgewiesene Reserve von 26,4 Mio. Tonnen.
Das Unternehmen plant, das Vorkommen zur Versorgung eines hochmodernen, sauberen Kohlekraftwerks zu nutzen, um die bestehenden und geplanten Dieselgeneratoren im Yukon zu ersetzen. Das Vorkommen liegt strategisch 20 km westlich einer großen Stromübertragungsleitung und könnte Grundlaststrom für ein oder mehrere Kraftwerke liefern.
Diese Akquisition erfolgt vor dem Hintergrund, dass Yukon Energy einen 50%igen Anstieg der Spitzenlastnachfrage für nicht-industriellen Strom bis 2035 prognostiziert. Strategic Metals plant, mit den lokalen First Nations zusammenzuarbeiten, um eine kooperative Struktur für die Bewertung und mögliche Entwicklung des Projekts zu etablieren.
- Strategic location near existing transmission lines and road accessibility reduces infrastructure costs
- Large resource base of 52.5 Mt of bituminous coal could provide long-term power generation
- Project addresses Yukon's growing energy demand (50% increase forecast by 2035)
- Potential to replace diesel generators with local energy source, reducing fuel transportation costs
- Historical resource estimate is not NI 43-101 compliant and requires verification
- Environmental concerns associated with coal-fired power generation
- Project requires First Nations approval and cooperation
- Development timeline and costs not yet determined
VANCOUVER, BC / ACCESS Newswire / May 7, 2025 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") is pleased to announce that it has acquired two coal licenses covering the Division Mountain thermal coal deposit, located 90 km northwest of Whitehorse, Yukon. It lies within the Traditional Territories of Champagne and Aishihik, Little Salmon/Carmacks and Kwanlin Dün First Nations and the Ta'an Kwäch'än Council (collectively "the local First Nations").
"Division Mountain represents a tremendous opportunity for a made-in-Yukon solution to Yukon's current and increasing energy problem" states Doug Eaton, Strategic's President and CEO. "The deposit is road accessible and lies near existing Yukon Energy Corporation transmission lines. It contains a historical measured resource of 52.5 Mt of bituminous coal1, which is envisioned to supply a state-of-the-art, clean coal fired electrical generation plant that would replace the Yukon's existing and proposed diesel power generators. The resource at Division Mountain represents a local thermal coal supply that would be sufficient to provide baseload power for a generation or more. In the coming weeks Strategic intends to work closely with local First Nations to establish a cooperative structure that would facilitate evaluation and, if warranted, development of this timely opportunity."
The Division Mountain area is underlain by primarily Jurassic to Cretaceous sedimentary rocks of the Laberge Group and Tantalus Formation. Coal occurrences occur within a 50 m interval in the Tanglefoot formation of the Laberge Group. Exploration at Division Mountain occurred intermittently since 1972, and work included: 10.2 km of excavator trenching; 11,442 m of diamond drilling in 68 holes; 1869 m of reverse-circulation (RC) drilling in 20 holes; and 124.7 m of rotary-air-blast (RAB) drilling in 4 holes. This work has work has identified a historical measured resource of 52.5 Mt of high volatile "B"-grade bituminous coal, which includes a historical proven reserve of 26.4 Mt1. Reserves were calculated on the basis of coal being surface mined using conventional truck and shovel practices. In addition, the deposit remains open to the north, west and southeast.
Recent reporting by the Yukon Energy crown corporation has forecasted a
1Reserves and resources were defined by Norwest Corporation in 2008, and may not be NI 43-101 compliant. Therefore, they are considered historical in nature. A qualified person on behalf of Strategic has not done sufficient work to review and update the historical estimate as current mineral resources or reserves and the issuer is not treating the historical estimate as current mineral resources or reserves.
2Source: Building a Resilient and Renewable Energy Future, Yukon Energy Corporation, 2025; retrieved from: https://yukonenergy.ca/energy-in-yukon/energy-future/electricity-planning
Technical information in this news release has been approved by Strategic's Vice President Exploration, Jackson Morton, P.Geo., a qualified person as defined under the terms of National Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 16 royalty interests, 12 projects under option to others, and a portfolio of 83 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 is the size of Strategic Metals' Division Mountain coal resource?
Where is Strategic Metals' Division Mountain coal deposit located?
How does SMDZF plan to use the Division Mountain coal deposit?
What is the projected energy demand increase in Yukon?
Which First Nations territories does the Division Mountain project affect?
