Strategic Metals (TSE:SMD) has released an update.
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Strategic Metals Ltd. has announced that its shareholders have approved a significant transaction with Trifecta Gold Ltd., allowing Trifecta to potentially acquire a 100% interest in eleven gold projects in the Yukon Territory’s Tombstone Gold Belt. Strategic, a seasoned project generator with a vast portfolio of projects and royalty interests, is positioned strongly with a $1.7 million cash reserve and substantial shareholdings in a number of active exploration companies. Furthermore, Strategic owns a significant stake in Terra CO2 Technologies Holdings Inc., which is innovating in the cement industry with a new cost-effective product.
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