March 18, 2022 Strategic Metals Ltd. (TSXV:SMD, BUY, C$0.70 target, Taylor Combaluzier) announced that it has acquired (through staking) the Craig Ag-Pb-Zn deposit located between
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.
December 9, 2021 Strategic Metals Ltd. (TSXV:SMD, BUY, C$0.70 target, Taylor Combaluzier) holds a 38.4% interest in GGL Resources Corp. (TSXV:GGL, Not Rated), which announced positive
We are initiating coverage on Strategic Metals Ltd. with a BUY rating and C$0.70 target price. Strategic is a large-scale, project generator with over 100 wholly-owned assets located throughout the Yukon, British Columbia, and western Northwest Territories. The company also holds shares in several active exploration companies that it has accumulated via option agreements on previous property sales or through equity investments. Our view is that Strategic’s property holdings and equity investments more than cover the company’s current market cap, indicating that the market is not pricing in the substantial exploration upside that could be realized from its large property portfolio.
October 6, 2021 Strategic Metals Ltd. (TSXV:SMD, Not Rated, Taylor Combaluzier) announced exploration results from a field exploration program recently completed at its Kluane Au
September 29, 2021 Strategic Metals Ltd. (TSXV:SMD, Not Rated, Taylor Combaluzier) announced that its operating partner, CAVU Mining Corp. (CSE:CAVU, Not Rated), reported drill results from
Strategic Metals (SMD) announced a 40% direct ownership of Broden Mining Ltd. (Private, Not Rated). Broden is working with Ross River Dena Council (RRDC), a First Nation group, to complete the acquisition of the Vangorda Lands – a large land package in southern Yukon’s Faro mining district, that contains several known polymetallic deposits with historical resources and vast exploration potential. In our view, SMD’s holdings in Broden represent an additional source of upside beyond its existing portfolio of over 100 properties that could attract potential buyers, partners, or optionors. We believe SMD’s ownership of Broden continues to demonstrate that it is committed to working with high-quality partners to advance and monetize projects.
Strategic Metals (SMD) provided an exploration update at its 100%-owned Nikki Cu-Au project in SW Yukon. SMD conducted an extensive soil sampling program that outlined a compelling porphyry target, marked by strong Cu and Au anomalism that coincides with geophysical data and a large gossan. In our view, the new results compliment the historical work by providing further evidence of a high-level porphyry system at Nikki – one of several projects in SMD’s portfolio of over 100 properties that could attract potential buyers, partners or optionors. As a project generator, SMD has developed a track record of monetizing its projects and working with high-quality partners.
Strategic Metals (SMD) reported promising geological and analytical results from a recently completed exploration program, involving detailed geological mapping and rock sampling, at its 100%-owned Mint porphyry Cu-Au-Ag-Mo project located in southwestern Yukon (Figure 1). Management believes that these results, when combined with results from earlier work, confirm that Mint hosts a large, high-level porphyry system and suggest that the core of the system may lie to the north of the area that was subject of a short 2012 drill program. We believe this is yet another very promising porphyry project in Strategic Metal’s vast portfolio that could be of interest to potential buyers, partners or optionors. We note that SMD has a track record of monetizing its projects and working with high-quality partners.
Strategic Metals (SMD) announced positive exploration results from its Oli and Bix projects – two 100%-owned critical metals projects located in the Tombstone/McQuesten mineral belt of central Yukon, which includes Alexco’s (TSX:AXU, Not Rated) Keno Hill project and Victoria Gold’s (TSX:VGCX, Not Rated) Eagle Au mine and Mar tungsten deposit, among others. In addition to its Au/Ag and Cu/Zn projects, SMD’s portfolio of critical metals assets is expansive and includes W, V, Li, Co, and Sn. We believe Oli and Bix represent another facet of the company’s portfolio that investors may not be familiar with, unlike its vast collection of precious metals and porphyry projects, which has been the recent focus for the company.