Strategic Metals Partners with GGL Resources for Yukon Projects

On July 27, 2026, Strategic Metals Ltd. announced a deal with GGL Resources Corp. for the Yukon copper-gold properties. This agreement allows GGL to acquire up to 100% interest in the Hopper, Kluane, Batt, and Moraine properties through a two-staged option.

Initially, GGL can gain a 70% interest by issuing shares and meeting exploration expenditure milestones by December 2029. A subsequent 30% interest can be obtained with a $3 million payment to Strategic by March 2030. Strategic will retain a 2% net smelter return royalty, with an option for GGL to buy half of it before commercial production begins.

The transaction is contingent upon shareholder approval and TSX Venture Exchange acceptance, along with a GGL share consolidation. A special meeting of shareholders will be conducted by the end of August 2026.