03:19:12 EDT Fri 10 May 2024
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Strategic Metals Ltd
Symbol SMD
Shares Issued 110,955,967
Close 2024-04-23 C$ 0.19
Market Cap C$ 21,081,634
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Strategic Metals appoints Morton as VP, exploration

2024-04-24 12:54 ET - News Release

Mr. Doug Eaton reports

STRATEGIC METALS STRENGTHENS MANAGEMENT TEAM AND GRANTS STOCK OPTIONS

Jackson Morton, PGeo, has been appointed as vice-president, exploration, of Strategic Metals Ltd. Mr. Morton has over a decade of experience managing mineral exploration programs across North America as a former principal and senior geologist with the consulting firm of Archer, Cathro & Associates (1981) Ltd. A significant amount of Mr. Morton's Yukon experience has been acquired while working on Strategic projects.

Mr. Morton obtained a bachelor of science degree in earth sciences from Simon Fraser University in 2013 and is a registered professional geologist in British Columbia. He is the vice-president of Trifecta Gold Ltd., a technical adviser to Silver Range Resources Ltd. and the incoming chair of the Vancouver Mining Exploration Group (MEG).

"Jack has a deep knowledge of Yukon geology and considerable familiarity with Strategic's projects," states Doug Eaton, president and chief executive officer. "He will work closely with the rest of Strategic's management team to find optionors and purchasers for our outstanding portfolio of exploration projects, maintain our strong financial position, and expand our royalty holdings."

Strategic also announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those individuals to purchase up to a total of 2.95 million common shares at a price of 19 cents per share for a period of five years. All options will vest on a quarterly basis commencing three months from the date of grant.

About Strategic Metals Ltd.

Strategic is a project generator with 12 royalty interests, 15 projects under option to others, and a portfolio of 85 wholly owned projects that are the product of over 50 years of focused exploration and research by a team with a record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

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