Strategic Metals Ltd V.SMD

Alternate Symbol(s): SMDZF

Metals & Mining Industrial Metals & Minerals

Strategic Metals Ltd. is a Canada-based project generator. The Company's main business activity is the acquisition, exploration and evaluation of mineral properties located in Canada. As a project generator, the Company has assembled a portfolio of direct and indirect mineral property interests in Yukon Territory, northern British Columbia and western Northwest Territories. It has approximately 13 royalty interests, 14 projects under option to others, and a portfolio of 82 wholly owned projects. Its portfolio covers a suite of metals, including gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium, and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement and others. Its deposits include Casino, Wolverine, Wellgreen, Division Mountain, Klaza, Tiger, Osiris, Golden Revenue, Blende, Carmacks Copper, Logtung, Marg, Ice and others. Its subsidiaries include Rockhaven Resources Ltd. (Rockhaven) and GGL Resources Corp. (GGL).

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Strategic Metals Ltd

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Comment by edflanderson Sep 27, 2011 11:01pm

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Post# 19091488

RE: SMD spinout

Precipitate has an option to acquire 100% of certain properties subject to certain payments, expenditures, and an IPO (SMD gets 19.9% of issued shares). I doubt they would bother spinning out those properties.
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Their other main project (aside from the Silver Range stuff) is Midas Touch, so I guess that was planned to be the next spin out. However, with what's happened in the last few weeks with Crag, ATC, and the rest of the Yukon, I don't see that happening any time soon.

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