Strategic Metals Closes Project Sale

Rhea-AI Summary

Strategic Metals (SMDZF) announced the TSX Venture Exchange accepted filing of a property purchase agreement dated Feb 20, 2026 to sell the Byng and Mars projects to Cascadia Minerals.

Cascadia paid $125,000 cash and issued 500,000 shares at $0.25 to Strategic. The Property is subject to a 2% NSR to Strategic, with Cascadia able to buy 1% of that NSR for $2,000,000 (CPI adjusted) before a production decision. Part of Mars remains subject to an existing 1% third-party NSR.

Positive

• Received immediate $125,000 cash consideration
• Accepted 500,000 common shares at a deemed $0.25 price
• Retains a 2% NSR royalty on the Property

Negative

• Low upfront cash $125,000 for 100% property interest
• Cascadia can buy 1% of NSR for $2,000,000, limiting long-term royalty upside
• Part of Mars carries an existing 1% third-party NSR

News Market Reaction – SMDZF

+3.00%

1 alert

+3.00% News Effect

On the day this news was published, SMDZF gained 3.00%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC / ACCESS Newswire / March 25, 2026 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") reports that the TSX Venture Exchange Inc. has accepted for filing documentation relating to a property purchase agreement (the "Agreement") dated February 20, 2026 between Strategic Metals Ltd. ("Strategic") and Cascadia Minerals Ltd. ("Cascadia").

Pursuant to the terms of the Agreement, Cascadia will acquire a 100% interest in the Byng and Mars mineral properties located in southern Yukon near Whitehorse, known as the Byng and Mars projects (together, the "Property"). In consideration for the acquisition of the Property, Cascadia has made a cash payment of $125,000 and issued 500,000 common shares at a deemed price of $0.25 to Strategic. The Property is subject to 2% Net Smelter Return royalty ("NSR") in favour of Strategic. Cascadia has the right to purchase one-half (1%) of the NSR for $2,000,000 (subject to CPI adjustment) at any time prior to a production decision. In addition, the DDH claims comprising part of the Mars Property are subject to an existing 1% NSR royalty held by a third party.

About Strategic Metals Ltd.

Strategic is a project generator with 18 royalty interests, 14 projects under option to others, and a portfolio of 79 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 $3 million and large shareholdings in several active mineral exploration companies including 32% of Broden Mining Ltd., 30.4% of GGL Resources Corp., 28% of Rockhaven Resources Ltd., 15.5% of Silver Range Resources Ltd., and 4.3% of Trifecta Gold Ltd. All these companies are engaged in promising exploration projects. Strategic also owns 15 million shares of Terra CO2 Technologies Holdings Inc. ("Terra"), a private Delaware corporation developing a cost-effective alternative to Portland cement, which recently broke ground on its first low-carbon cementitious materials facility in Cleburne Texas following the closing of a US$124.5M financing.

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

What did Strategic Metals (SMDZF) receive from Cascadia for the Byng and Mars projects on March 25, 2026?

Strategic received $125,000 cash plus 500,000 Cascadia shares at $0.25. According to Strategic, Cascadia acquired a 100% interest while Strategic retained a 2% NSR and parts of Mars have a separate 1% third-party NSR.

How does the 2% NSR retained by Strategic Metals (SMDZF) work after the sale?

Strategic retains a 2% net smelter return royalty on the Property. According to Strategic, Cascadia may purchase 1% of that NSR for $2,000,000 (CPI adjusted) any time before a production decision, reducing Strategic's royalty to 1% if exercised.

Can Cascadia Minerals reduce Strategic Metals' (SMDZF) royalty, and what are the terms?

Yes. Cascadia can buy one-half of the NSR, reducing it by 1% for $2,000,000 (CPI adjusted). According to Strategic, the option is exercisable at any time before a production decision, subject to CPI adjustment.

Are there other royalties affecting the Mars property sold by Strategic Metals (SMDZF)?

Yes. In addition to Strategic's retained 2% NSR, certain DDH claims in Mars are subject to an existing 1% third-party NSR. According to Strategic, that third-party royalty remains in place post-sale.

Does the transaction with Cascadia materially change Strategic Metals' (SMDZF) cash position immediately?

Strategic received a modest immediate cash boost of $125,000 plus share consideration. According to Strategic, the sale provides cash and equity now while preserving potential future royalty income via the retained NSR.