News about asset deals

Strategic Metals (TSXV: SMD) said the TSX Venture Exchange has accepted its Yukon copper-gold property transaction with GGL Resources, announced July 27, 2026, which was a related-party deal approved by disinterested shareholders of both companies. As part of acceptance, GGL consolidated its shares at 4 pre-consolidation shares for 1 post-consolidation share. GGL can earn an initial 70% interest in the Hopper, Kluane, Batt and Moraine properties by issuing 1,000,000 post-consolidation shares to Strategic by October 31, 2026 and spending $10,000,000 on exploration by December 31, 2029, including up to $250,000 reimbursement for a 2026 program. A further $3,000,000 payment would give GGL 100%, with Strategic retaining a 2% net smelter return royalty.