on Strategic Metals Ltd. (CVE:SMD)
Strategic Metals Ltd. Acquires Significant Stake in Trifecta Gold Ltd.
On October 13, 2026, Strategic Metals Ltd., a company listed on the TSX Venture Exchange, announced its acquisition of 6,265,000 common shares of Trifecta Gold Ltd. This transaction was part of a Property Option Agreement through which Trifecta gained full interest in Mt. Hinton, Rye, and other projects in the Yukon Territory. Strategic retains a 2% net smelter return royalty on these projects, which Trifecta can reduce by paying in gold or cash.
With this acquisition, Strategic now holds 13.23% of Trifecta's shares, up from a previous 3.60%. While Strategic currently has no plans to further modify its stake, market conditions could influence future transactions. Their recent acquisition and positioning reflect an opportunistic investment strategy in the mining sector.
Strategic will submit an Early Warning Report as required by securities regulations. This report is accessible on SEDAR+.
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