Das hatte ich eigentlich nicht erwartet - je länger ich nachdenke
desto besser gefällt mir das (auch wenn das die Börse möglicherweise anders sieht). Das bedeutet im Endeffekt nämlich, dass es nicht ewige Finanzierungsrunden und Verwässerung geben wird. Trotzdem hat SMD einen Anteil und Royalities an seinen Projekten
Strategic Metals Ltd. Options Mt. Hinton Project, Yukon
Vancouver, BC – April 22, 2021 – Strategic Metals Ltd. (TSX-V:SMD) ("Strategic" or "the Company") is pleased to announce that it has granted a private company, Upper Canada Mining Inc. (“UCM”), the right to earn up to a 70% interest in the Mt. Hinton Gold Project (“Hinton” or the “Property”) under a two staged option. Mt. Hinton is a road accessible project located in the Keno Hill District of the Tintina Gold Belt, in central Yukon. The property lies immediately southeast of silver/lead mines on Alexco Resources' Keno Hill property, which have recently resumed production, and 35 km southeast of Victoria Gold's Eagle Mine, which was successfully commissioned in June, 2020.
Strategic Metals drilled 32 holes at Hinton in 2020 confirming the presence of a large, well mineralized, precious metal system. Results of this program were announced November 17, 2020 and January 13, 2021.
First Option
UCM can earn a 50% interest in the Property by incurring expenditures totalling $10,000,000 by December 31, 2024, with a minimum of $2,000,000 to be incurred by December 31, 2022. Strategic will be the Operator during the First Option and all expenditures are subject to a 5% management fee payable to Strategic.
Second Option
Subject to the exercise of the first option, UCM can earn a further 20% interest in the Property by paying Strategic $2,000,000 and incurring additional exploration expenditures totalling $5,000,000, on or before December 31, 2026. UCM may satisfy up to one-half of the payment to Strategic through the issuance of shares, provided the shares are listed on a recognized Exchange.
An industry standard 50:50 Joint Venture (“JV”) will be formed upon exercise of the First Option and termination of the Second Option or a 70:30 JV will be formed upon exercise of the Second Option.