Strategic Metals Ltd. (TSXV:SMD) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 8,400,000 common shares, representing 7.57% of its issued share capital. The purpose of the share repurchases is to capitalizing on the potential price weaknesses.

The repurchases will be funded from unallocated cash resources. The share repurchases will be returned to treasury for cancellation. The bid is valid till December 4, 2023.

As of November 29, 2022, the company has 110,955,967 common shares of issued and outstanding.