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Strategic Metals ( (TSE:SMD) ) has provided an update.
Strategic Metals has appointed veteran Yukon mining and community affairs specialist Sam Wallingham as Vice President of Energy Development to spearhead its plans for the Division Mountain coal project as a regional power solution. The company aims to leverage Wallingham’s deep experience with First Nations, local communities and the Yukon Territorial Government to advance a proposed coal‑fired power initiative that could help meet the territory’s medium‑term electricity demand and support off‑grid mining projects, potentially strengthening Strategic’s position in both the energy and resource sectors by converting a large NI 43‑101 compliant coal resource near existing transmission infrastructure into a strategic energy asset.
More about Strategic Metals
Strategic Metals Ltd. is a Yukon-focused mineral exploration project generator with 16 royalty interests, 12 projects under option to other parties, and a portfolio of 83 wholly owned exploration projects built over more than five decades of geological work and discoveries. Its assets range from drill-confirmed prospects to drill-ready targets with high-grade surface showings and strong geochemical and geophysical signatures, and it also holds significant equity stakes in several active exploration companies including Broden Mining, GGL Resources, Rockhaven Resources, Silver Range Resources and Trifecta Gold.
Average Trading Volume: 47,330
Technical Sentiment Signal: Buy
Current Market Cap: C$37.17M
For an in-depth examination of SMD stock, go to TipRanks’ Overview page.