Strategic Metals Grants Incentive Stock Options

Vancouver-based Strategic Metals Ltd. (TSXV: SMD) has announced the granting of an incentive stock option to a consultant. This option allows the purchase of up to 260,000 common shares at $0.255 per share over five years. The options will vest on a quarterly basis starting three months from the date of the grant.

Strategic Metals positions itself as a project generator with royalty interests in 16 projects and options on 12 others. Additionally, it holds a portfolio of 83 fully owned projects. These assets result from extensive exploration efforts spanning five decades, aimed at discovering significant mineral deposits.

The company maintains a cash position of around $1 million and has substantial shareholding in several mineral exploration firms. It also holds 15 million shares in Terra CO2 Technologies Holdings Inc., which is advancing alternatives to Portland cement and has recently secured US$124.5M in equity financing.