Strategic Metals - GGL Resources Property Transaction Approved by Shareholders

Strategic Metals (TSXV:SMD, OTCQB:SMDZF) reported that disinterested shareholders of both Strategic and GGL Resources approved the previously announced mineral property option transactions at special meetings held on August 31, 2026.

Rhea-AI Summary

Strategic Metals (TSXV:SMD, OTCQB:SMDZF) reported that disinterested shareholders of both Strategic and GGL Resources approved the previously announced mineral property option transactions at special meetings held on August 31, 2026. GGL holds a two-staged option to acquire up to a 100% interest in the Hopper, Kluane, Batt and Moraine mineral properties in southwestern Yukon.

The deal is a related party transaction because Strategic owns about 30.35% of GGL and required approval from disinterested shareholders of both companies. The transaction remains conditional on GGL completing a 4‑for‑1 share consolidation and receiving final TSX Venture Exchange acceptance. Strategic describes itself as a project generator with 16 royalty interests, 14 projects under option, roughly 80 wholly owned projects, about $5 million in cash, and significant equity stakes in several exploration companies plus 15 million shares of Terra CO2 Technologies Holdings.

Positive

• Disinterested shareholders of Strategic and GGL approved the mineral property option transactions on August 31, 2026
• GGL granted a two-staged option to acquire up to 100% of four Yukon properties
• Strategic holds approximately $5 million in cash
• Strategic owns significant stakes including 32% of Broden Mining and about 30.3% of GGL
• Strategic holds 15 million shares of Terra CO2 Technologies, which recently closed a US$124.5M financing

Negative

• Option transaction remains subject to GGL completing a 4-for-1 share consolidation
• Deal still requires final acceptance from the TSX Venture Exchange before it can proceed

News Market Reaction – SMDZF

-4.40%

-4.40% Session close to close

In the Sep 1 session, SMDZF declined 4.40%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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VANCOUVER, BC / ACCESS Newswire / September 1, 2026 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") announces that at special meetings of the shareholders of each of Strategic and GGL Resources Corp. ("GGL") (TSXV:GGL) held on August 31, 2026, the disinterested shareholders of each of Strategic and GGL approved the mineral property option transactions announced by Strategic on July 27, 2026.

As previously announced, GGL was granted a two-staged option to acquire up to a one hundred percent (100%) interest in the Hopper, Kluane, Batt and Moraine mineral properties (the "Properties"), all located in the southwestern Yukon Territory. As Strategic holds 30.35% of the GGL issued share capital, the transaction is a "related party" transaction as defined in Multilateral Instrument 61-101 and the TSX Venture Exchange policies, and required the approval of the "disinterested shareholders" of each of Strategic and GGL

The transaction remains subject GGL completing a share consolidation at a ratio equal to four (4) pre-consolidation common shares for one (1) post-consolidation common share and TSX Venture Exchange final acceptance.

The specific terms of the option granted to GGL to acquire a 100% interest in the Properties is as set out in the July 27, 2026 Strategic news release.

About Strategic Metals Ltd.

Strategic is a project generator with 16 royalty interests, 14 projects under option to others, and a portfolio of approximately 80 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 $5 million and large shareholdings in several active mineral exploration companies including 32% of Broden Mining Ltd., 30.3% 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 (OTCQB:SMDZF) shareholders approve on August 31, 2026?

Shareholders approved mineral property option transactions with GGL Resources. According to Strategic Metals, disinterested shareholders of both companies supported a two-staged option allowing GGL to acquire interests in the Hopper, Kluane, Batt and Moraine properties in southwestern Yukon.

How does the GGL Resources option affect Strategic Metals (SMDZF) Yukon properties?

GGL can earn up to a 100% interest in four Yukon properties through a two-staged option. According to Strategic Metals, this structure covers the Hopper, Kluane, Batt and Moraine properties and was approved by disinterested shareholders of both Strategic and GGL.

Why is the Strategic Metals and GGL Resources transaction considered a related party deal?

The transaction is related party because Strategic owns about 30.35% of GGL’s issued share capital. According to Strategic Metals, this ownership required approvals from disinterested shareholders under Multilateral Instrument 61‑101 and TSX Venture Exchange policies.

What conditions must be met before the Strategic Metals–GGL option closes?

The option remains conditional on a share consolidation and regulatory approval. According to Strategic Metals, GGL must complete a 4‑for‑1 share consolidation, and the transaction requires final acceptance from the TSX Venture Exchange.

What is Strategic Metals (SMDZF) cash position and major equity holdings in 2026?

Strategic reports cash of approximately $5 million and large stakes in several explorers. According to Strategic Metals, holdings include 32% of Broden Mining, about 30.3% of GGL, 28% of Rockhaven, 15.5% of Silver Range, 4.3% of Trifecta, and 15 million Terra CO2 shares.

What is Terra CO2 Technologies’ significance to Strategic Metals (SMDZF) investors?

Strategic owns 15 million shares of Terra CO2 Technologies Holdings. According to Strategic Metals, Terra is developing alternative cement materials and recently broke ground on a Texas facility after completing a US$124.5 million financing round, adding leveraged exposure to that business.