Strategic Metals (TSE:SMD) has released an update.
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Strategic Metals Ltd. has finalized a transaction with Trifecta Gold Ltd. for the potential 100% acquisition of eleven gold projects in the Yukon Territory. Trifecta can earn up to a 70% interest by spending $6 million on exploration and issuing shares to Strategic, with options to increase their stake to 100%, while Strategic retains a net smelter return royalty. The deal also includes provisions for a joint venture if only the initial option is exercised.
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