Strategic Metals Appoints Vice President Of Energy Development
Rhea-AI Summary
Strategic Metals (SMDZF) appointed Sam Wallingham as Vice President of Energy Development on January 15, 2026. Wallingham brings about 25 years of Yukon-focused community affairs, First Nations governance, training and negotiation experience and previously served as a founding director of Alexco Resource Corp.
The company highlighted the Division Mountain Project: a 370 km2 coal-bearing property ~90 km NW of Whitehorse, accessible by a 31 km road, with a NI 43-101 compliant resource of 52.5 million tonnes of high volatile B bituminous coal. The deposit remains open along multiple directions and lies ~20 km from a major transmission line, positioning it as a potential local power feedstock for Yukon.
Positive
- NI 43-101 resource of 52.5 million tonnes
- Project covers 370 km2 of coal-bearing stratigraphy
- 31 km road access from Klondike Highway to property
- New VP brings ~25 years Yukon community and First Nations experience
Negative
- Deposit remains open to the north, west and southeast, requiring more work
- Numerous other coal discoveries on the property have received little work
News Market Reaction
On the day this news was published, SMDZF gained 2.80%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / January 15, 2026 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") is pleased to announce the appointment of Sam Wallingham as the Vice President of Energy Development. Mr. Wallingham has been involved in the mineral exploration and mining industry for most of his working life. He brings extensive experience and knowledge in community affairs, First Nations governance, training and negotiations to Strategic.
For the past 25 years Mr. Wallingham has worked across the Yukon with several exploration companies as a community affairs director and manager, a negotiator, and a personnel and training manager, and has acted as an advisor to both First Nations and exploration companies. Mr. Wallingham was one of the founding directors on the Alexco Resource Corp. board, prior to its acquisition by Hecla Mining Company. He has also served on the Yukon Minerals Advisory Board and the Yukon Water Board, as a Yukon Government appointee.
"We are very pleased to welcome Sam to senior management at Strategic Metals", stated W. Douglas Eaton, the President of Strategic. "Mr. Wallingham's extensive experience and close contacts with Yukon First Nations and the Yukon Territorial Government make him uniquely qualified to assist Strategic in developing state-of-the-art, electrical generation alternatives to meet Yukon's growing power demand by using coal from the Division Mountain project. We look forward to Sam's well balanced guidance as we enter into discussions with various First Nations, local communities and the Yukon Territorial Government related to the proposed Division Mountain energy project."
Division Mountain Project
The Division Mountain Project offers Yukon a local solution to the Territory's energy needs while it transitions to longer term green energy sources. Division Mountain's known coal resources could produce enough electricity to satisfy projected medium-term demand on the current Yukon power grid and at one or more of the rapidly advancing, off-grid Yukon mining projects.
The Division Mountain Project covers a 370 km2 area of coal-bearing stratigraphy in southwestern Yukon, approximately 90 km northwest of Whitehorse (Figure 1). The property is accessible via a 31 km four-wheel drive road originating from the Klondike Highway near the community of Braeburn. Exploration at Division Mountain, which has occurred intermittently since 1972, includes: 10.4 km of excavator trenching; 12,230 m of diamond drilling in 72 holes; 2,536 m of reverse-circulation (RC) drilling in 27 holes; and 125 m of rotary-air-blast (RAB) drilling in 4 holes. This work has outlined a current NI 43-101 compliant resource of 52.5 million tonnes (Mt) of high Volatile "B" Bituminous coal.
The Division Mountain coal deposit has been explored over a 6.5 by 1.5 km southeast-trending area. Most of the coal occurs in the Middle to Upper Jurassic Tanglefoot Formation Upper Member, which was deposited in a complex deltaic environment. As there are no natural exposures of coal in the Division Mountain area, bedrock coal occurrences have been located by trenching and drilling in areas where loose coal fragments are found in soil or where coal-bearing stratigraphy has been traced along strike. The deposit itself remains open to the north, west and southeast, and numerous coal discoveries elsewhere on the property have received little work.
The Division Mountain deposit is located 20 km west of a major electrical transmission line that runs parallel to the Klondike Highway and is ideally situated to provide feedstock to a local power plant. A copy of the Division Mountain Technical Report is available on Strategic's website at strategicmetalsltd.com/projects/division-mtn-coal.
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 focused 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
https://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
Who is Sam Wallingham and what role was announced at Strategic Metals (SMDZF) on January 15, 2026?
How large is the Division Mountain coal resource reported by Strategic Metals (SMDZF)?
Where is the Division Mountain Project located and how accessible is it for Strategic Metals (SMDZF)?
Could Division Mountain supply local Yukon power according to Strategic Metals (SMDZF)?
What exploration work supports the Division Mountain resource disclosed by Strategic Metals (SMDZF)?
How close is Division Mountain to major transmission for potential power generation for Strategic Metals (SMDZF)?
