The TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's-length two-staged property option agreement, dated July 20, 2026, for the disposition mineral properties to GGL Resources Corp.

Pursuant to the terms of the agreement, Strategic Metals Ltd. will grant a two-staged option to the purchaser to acquire up to a 100-per-cent interest in the Hopper (365 quartz mining claims), Kluane (245 quartz mining claims), Batt (52 quartz mining claims) and Moraine (102 quartz mining claims) mineral properties located in southwestern Yukon. To earn an initial 70-per-cent interest, the purchaser will issue one million postconsolidation shares to the company and incur $10-million in exploration expenditures by Dec. 31, 2029. The purchaser may acquire the remaining 30-per-cent interest by paying an additional $3-million in cash. Following the exercise of the second option, the company will retain a 2-per-cent net smelter return (NSR) royalty. The purchaser may, at any time prior to the commencement of commercial production from any of the properties, purchase 50 per cent of the strategic royalty (1-per-cent NSR) by paying the company $3-million. No finders' fees are payable.

For further details, please refer to the company's news releases dated July 27, 2026, Sept. 1, 2026, and Oct. 20, 2026.