Strategic Metals Ltd.
TSX VENTURE : SMD

Strategic Metals Ltd.

November 06, 2013 08:00 ET

Strategic Metals Announces Addition to Board and Appointment of Vice-President Communications

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 6, 2013) - Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic" or "the Company") is pleased to announce the appointments of Ryan E. Schedler to the Company's Board of Directors and Richard Drechsler as Vice-President Communications.

"The addition of Ryan and Richard to the Strategic team increases our strength and depth," states Doug Eaton, President and CEO. "Ryan's business and financial experience should open new doors for the Company while Richard's enthusiasm will help us address the increasingly important tasks of First Nations and community consultation."

Mr. Schedler is an investment professional with a technical background and over twenty years of experience in natural resources and related industries. He currently serves as a Managing Director of Condire Investors in Dallas, Texas and is a director of International Northair Mines. Prior to co-founding Condire in 2012, Mr. Schedler spent almost a decade with Trellus Management, an investment firm based in New York City. Previously, he was an investment banker with Lehman Brothers and BT Alex Brown/Deutsche Bank. Mr. Schedler began his career as field officer with the US Army Corps of Engineers, and graduated with a Bachelor of Science in Chemical Engineering from Lafayette College, and a Master of Business Administration from Harvard Business School.

The Company has also appointed Richard Drechsler as its Vice-President Communications. In this capacity, Mr. Drechsler will be the contact person for outside interest groups, including First Nations and local communities. Mr. Drechsler will continue to provide corporate communications and investor relations services to shareholders and other interested parties. Mr. Drechsler obtained a Bachelor of Science from the University of British Columbia in 2007. He has worked in the mining/mineral exploration industry since 2005 and has provided Strategic Metals with investor relations services since January 2010.

In conjunction with these appointments, Mr. Schedler and Mr. Drechsler have been granted incentive stock options of 175,000 and 110,000 shares respectively, exercisable at a price of $0.80 per share for a period of five years. These options are subject to vesting provisions under which 25% of the option will vest at the conclusion of each three months during the first year of the term of the option.

About Strategic Metals Ltd.

Strategic is a pre-eminent explorer and claim holder in the Yukon, with an exceptional portfolio of more than 150 property and royalty interests. The Company has a current cash position of more than $34 million and its major shareholdings include 9.1% of ATAC Resources Ltd., 19.9% of Silver Range Resources Ltd. and 31.2% of Rockhaven Resources Ltd.

ON BEHALF OF THE BOARD

W. Douglas Eaton, President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

Contact Information

  • Strategic Metals Ltd. - Corporate Information
    W. Douglas Eaton
    President and C.E.O.
    (604) 688-2568

    Strategic Metals Ltd. - Corporate Information
    Bruce A. Youngman
    Chairman
    (604) 687-2522

    Strategic Metals Ltd. - Investor Inquiries
    Richard Drechsler
    V.P. Communications
    (604) 687-2522 or NA Toll-free: (888) 688-2522
    rdrechsler@strategicmetalsltd.com
    www.strategicmetalsltd.com