Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which Will Expire on December 4, 2024

Strategic Metals Ltd. (SMDZF) announced a new Normal Course Issuer Bid to repurchase up to 8,500,000 common shares, representing approximately 10% of the public float of 85,129,616 shares.

Rhea-AI Summary

Strategic Metals Ltd. (SMDZF) announced a new Normal Course Issuer Bid to repurchase up to 8,500,000 common shares, representing approximately 10% of the public float of 85,129,616 shares. The New Bid succeeds the existing bid (which purchased no shares) and will run from December 5, 2025 to December 4, 2026. There are currently 110,955,967 common shares issued and outstanding. Purchases will be made at management's discretion using unallocated cash resources, executed by Ventum Financial Corp., and shares bought will be returned to treasury for cancellation.

The company cited market volatility as the rationale for opportunistic repurchases to address potential undervaluation of its shares.

Positive

• Buyback size: up to 8,500,000 shares (~10% public float)
• Shares purchased will be cancelled, reducing issued share count
• Start date: December 5, 2025, providing a 12-month execution window

Negative

• Repurchases funded from unallocated cash, reducing liquidity or reserves
• No shares bought under previous bid, indicating no immediate execution to date

Argus Dec 1 session

+0.58% close to close Open Argus

Details

News Market Reaction – SMDZF

On Dec 1, the day this news came out, SMDZF closed 0.58% above the previous close.

Data tracked by StockTitan Argus for the Dec 1 session.

Key Figures

NCIB maximum: 8,500,000 shares Public float: 85,129,616 shares Shares outstanding: 110,955,967 shares +5 more

NCIB maximum

8,500,000 shares

Maximum common shares to be repurchased under New Bid

Public float

85,129,616 shares

Public float referenced for New Bid (10% repurchase limit)

Shares outstanding

110,955,967 shares

Common shares currently issued and outstanding

New Bid start

December 5, 2025

Commencement date of New Normal Course Issuer Bid

New Bid expiry

December 4, 2026

Expiry date of New Normal Course Issuer Bid

Old Bid limit

8,500,000 shares

Aggregate share limit under Old Normal Course Issuer Bid

52-week high

$0.215

Pre-news 52-week high; price was 16.28% below

52-week low

$0.094

Pre-news 52-week low; price was 91.49% above

Historical Context

3 past events · Latest: Dec 01

3 events

1. Dec 01

   Share repurchase plan

   24h Move

   +0.6%

   Announced NCIB to buy back up to 8.5M shares over one year.

2. Oct 02

   Stock options grant

   24h Move

   -3.0%

   Granted 260,000 incentive stock options to a consultant.

3. Aug 19

   Exploration results

   24h Move

   +2.2%

   Reported high-grade silver and gold sampling at Triple Crown Project.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

normal course issuer bid, public float, treasury, forward looking statements, +1 more

5 terms

normal course issuer bid financial

"it is making a new Normal Course Issuer Bid (the "New Bid") pursuant"

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

public float financial

"representing approximately 10% of the "public float" of 85,129,616"

Public float is the total number of a company's shares that are available for trading by the general public. It excludes shares held by company insiders or large stakeholders who are unlikely to sell them easily. This figure helps investors understand how much of the company's stock is actively available, which can influence its liquidity and how easily its price might change.

treasury financial

"will be returned to Strategic's treasury for cancellation."

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

forward looking statements regulatory

"This news release may contain forward looking statements based on"

Statements about a company’s expected future performance, plans, goals, or projections that are not historical facts and involve assumptions and estimates. Investors care because these are predictions that guide decisions but can be wrong; like a weather forecast, they help set expectations and risk — if circumstances change, actual results may differ significantly, so investors should weigh them alongside hard data and risk factors.

regulation services provider regulatory

"nor its Regulation Services Provider (as that term is defined"

A regulation services provider is a firm that helps companies meet legal and market rules by preparing, filing and distributing required reports, disclosures and licenses to regulators and exchanges. Think of them as a combination of a guidebook and filing clerk that keeps a company on the right side of the law and visible to the market. Investors care because reliable regulatory work reduces legal risk, prevents trading disruptions and ensures timely access to material information that affects share value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC / ACCESS Newswire / December 1, 2025 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") announces that it is making a new Normal Course Issuer Bid (the "New Bid") pursuant to the provisions of TSX Venture Exchange Policy 5.6, to succeed its existing Normal Course Issuer Bid (the "Old Bid"), which will expire on December 4, 2025.

Strategic has purchased no shares under the Old Bid, which will expire on December 4, 2025. The New Bid will consist of the acquisition by Strategic of up to 8,500,000 common shares of its capital stock, representing approximately 10% of the "public float" of 85,129,616 common shares upon the date of commencement of the New Bid. (There are currently 110,955,967 common shares of Strategic issued and outstanding.) The New Bid will commence on December 5, 2025, and will expire on December 4, 2026.

Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 8,500,000 common shares), because it is of the opinion that fluctuating global market conditions periodically (and currently) may result in unwarranted reductions in Strategic's share price that do not reflect the underlying value of its assets. Strategic will utilize unallocated cash resources to effect purchases under the New Bid with a view to capitalizing on these potential price weaknesses. Shares purchased under the New Bid will be made at Management's discretion based on market conditions, and will be returned to Strategic's treasury for cancellation.

The New Bid will be conducted on behalf of Strategic by Ventum Financial Corp., of Suite 2500 - 733 Seymour Street, Vancouver, B.C. V6B 0S6.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Strategic Metals' New NCIB for SMDZF authorize and when does it start?

The New NCIB authorizes repurchase of up to 8,500,000 shares (~10% public float) and starts on December 5, 2025.

How long will Strategic Metals' SMDZF buyback program run?

The New Bid will run for 12 months, expiring on December 4, 2026.

How will Strategic Metals (SMDZF) fund share repurchases under the New Bid?

Purchases will be made using the company's unallocated cash resources at management's discretion.

What happens to shares purchased under Strategic Metals' SMDZF New Bid?

Shares acquired under the New Bid will be returned to the company's treasury for cancellation.

How many common shares does Strategic Metals have outstanding before the New Bid?

There are 110,955,967 common shares issued and outstanding prior to the New Bid.