GGL Resources Corp. - Strategic Metals Ltd. Property Transaction Approved by Shareholders

GGL Resources Corp. and Strategic Metals Ltd. shareholders approved the mineral property option transaction announced on July 27, 2026, at special meetings held on August 31, 2026. The transaction grants GGL a two-staged option to acquire up to a 100% interest in the Hopper, Kluane, Batt, and Moraine (HKBM) mineral properties in the southwestern Yukon Territory.

The deal is classified as a related-party transaction because Strategic Metals holds 30.35% of GGL's issued share capital, requiring disinterested shareholder approval under Multilateral Instrument 61-101 and TSXV policies. Conditions precedent include completing a 4-for-1 share consolidation and obtaining final acceptance from the TSX Venture Exchange.

Shareholders also approved the election of four directors, re-appointment of Baker Tilly WM LLP as auditors, and ratification of the company's 10% rolling stock option plan.

GGL Resources Corp. received shareholder approval for its proposed 4-for-1 share consolidation, an expected follow-up to the announcement made on July 27, 2026. The approval clears a critical regulatory and governance hurdle, allowing the company to proceed with the mandatory consolidation. This action will reduce the outstanding share count from approximately 104.4 million to approximately 26.1 million, a move that increases book value per share and potentially improves liquidity metrics.

The transaction structure remains unchanged under the new terms. GGL must issue 1,000,000 post-consolidation shares to Strategic by October 31, 2026, and commit to $10 million in exploration expenditures by December 31, 2029, to earn a 70% interest. A further $3 million cash payment secures the remaining 30%, subject to a 2% NSR royalty. No new financial or operational surprises are introduced, and the strategic thesis of expanding the Yukon footprint alongside the Nevada Gold Point project remains intact.

GGL Resources Corp. (GGL) is an exploration-stage company focused on precious and base metals in North America. Its flagship asset is the Gold Point Project in Nevada's Walker Lane district, which hosts five historic high-grade gold-silver veins—Orleans, Great Western, Lime Point, Grand Central, and Cook—as well as a Cu-Mo-Au porphyry target. Historical production at the site reached approximately 74,000 ounces of gold, and the project is drill-ready for resource delineation.

The company also holds HKBM Properties, comprising four mineral properties in the southwestern Yukon: Hopper, Kluane, Batt, and Moraine. These sites cover copper-gold skarn/porphyry, high-grade gold quartz-carbonate veins, copper-cobalt-gold VMS, and Cu-Ag-Mo-W skarn targets. The properties are located near road access, the power grid, and deepwater ports in Alaska.

GGL Resources Corp. is currently in the exploration stage. No current NI 43-101 resource statement has been released for either project.