New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$37.7m market cap, or US$27.7m). Announcement • Mar 25
Cascadia Minerals Ltd. (TSXV:CAM) completed the acquisition of Byng and Mars Properties from Strategic Metals Ltd. (TSXV:SMD). Cascadia Minerals Ltd. (TSXV:CAM) signed an agreement to acquire Byng and Mars Properties from Strategic Metals Ltd. (TSXV:SMD) for CAD 0.25 million on February 23, 2026. A cash consideration of CAD 0.13 million will be paid by Cascadia Minerals Ltd. The consideration consists of 500,000 common equity of Cascadia Minerals Ltd. having a value of CAD 0.13 million to be issued for assets of Byng and Mars Properties. As part of consideration, CAD 0.25 million is paid towards assets of Byng and Mars Properties. Cascadia has the option to purchase half of the NSR Royalty for CAD 2 million, subject to adjustment by the Canadian Consumer Price Index. The Cascadia shares will be subject to customary resale restrictions.
The transaction is subject to TSX Venture Exchange acceptance, and approval from the Teslin Tlingit Council ("TTC") for Cascadia to assume certain responsibilities under an existing Exploration Agreement between Strategic and the TTC pertaining to the Byng property. On March 19, 2026, it was announced that the transaction remains subject to TSX Venture Exchange acceptance.
Cascadia Minerals Ltd. (TSXV:CAM) completed the acquisition of Byng and Mars Properties from Strategic Metals Ltd. (TSXV:SMD) on March 24, 2026. Announcement • Aug 22
Strategic Metals Ltd. Samples 2740 G/T Silver and 8.37 G/T Gold At Its Triple Crown Project, Yukon Strategic Metals Ltd. announced results from an exploration program at its wholly owned Triple Crown Project in southwest Yukon. The Project lies within the Dawson Range Gold Belt, a district that includes the Coffee, Casino, Klaza and other gold, copper and silver deposits. In June 2025, the Company completed a program of geological mapping, prospecting and hand trenching at Triple Crown. Hand trenches at the Southeast Zone were excavated along strike from trenches completed by Strategic in 2016, which had returned results of 570 g/t silver over 6.4 m. Mineralization is hosted in semi-massive to massive galena, tetrahedrite and malachite veins, as well as strongly oxidized, banded to brecciated quartz veins, within a 750 by 1000 m area. Continuous chip samples from the 2025 trenches yielded highlight results of 2740 g/t silver over 0.5 m, 830 g/t silver over 1.5 m and 158 g/t silver over 8.75 m. Results from both programs are tabulated in the table below. Prospecting and sampling also returned assays of up to 8.37 g/t gold from grab and composite samples collected at the newly identified Central Zone porphyry target. The target covers a 1.50 m by 900 m, copper (up to 4780 ppm) and bismuth (up to 427 ppm) soil anomaly that is underlain by Mid-Cretaceous Whitehorse Suite granodiorite to syenite, Late Cretaceous Carmacks Group intermediate to basic volcanic rocks and various types of dykes. Triple Crown is considered to be highly prospective for silver- and gold-rich epithermal veins outboard of a porphyry-type copper-gold system. The mineralization has received little historical exploration and has never been drilled. Analytical work was done by ALS Minerals, with sample preparation in Whitehorse, Yukon and assays and geochemical analyses completed in North Vancouver, British Columbia. All rock samples were analyzed for gold by fire assay fusion and inductively coupled plasma-atomic emission spectrometry (Au-ICP21) and 48 other elements by four acid digestion and inductively coupled plasma- atomic emission spectroscopy (ME-MS61). Overlimit values were determined for silver, lead and zinc by four acid digestion and inductly coupled plasma-atomic emission spectroscopy (Ag- and Pb-OG62). Further overlimit analysis for samples with silver values greater than 1500 g/t were analyzed by fire assay using a gravimetric finish (Ag-GRA21). Technical information in this news release has been approved by Strategic's Vice President Exploration, Jackson Morton, P.Geo., a qualified person as defined under the terms of National Instrument 43-101. 
