Strategic Metals Ltd. Announces Acquisition of Securities of Honey Badger Silver Inc.

Jun 08, 2021

VANCOUVER, BC / ACCESSWIRE / June 8, 2021 / Strategic Metals Ltd. (TSXV:SMD, Financial) ("Strategic" or "the Company") announces that it has acquired 34,804,718 common shares (the "Acquired Shares") of Honey Badger Silver Inc. ("Honey Badger") under an asset purchase agreement pursuant to which Honey Badger acquired a 100% interest in Strategic's Groundhog and Hy Properties, each situated in the Watson Lake Mining District, Yukon Territory, and Strategic's Plata property, situated in the Mayo Mining District, Yukon Territory, subject to Strategic retaining a 2% net smelter return royalty on all minerals, excluding silver, produced from these properties. The Acquires Shares were acquired at a deemed price of $0.13 per share, for total deemed consideration of $4,524,613.34.

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