Strategic Metals Ltd. (Strategic) is engaged in the business of exploring for metals and minerals. It also selective investments in other resource companies. As of December 31, 2011, the Company had portfolio of approximately 160 mineral properties in Yukon, British Columbia and western Northwest Territories. As of December 31, 2011, it had 81 of its properties under option to third parties. Strategic focuses on Midas Touch project, located alongside ATAC�s Rackla Gold Project in east-central Yukon. As of December 31, 2011, the Company had not generated any revenues. As of December 31, 2011, the Company had no producing operations. During 2011 it also completed the sale of eight properties to Silver Range Resources. Twelve diamond drill holes totalling 3,168 m were completed on three section lines at the Trent Zone on the Crag Property. In August 2011, the Company spin-out certain of its assets into Silver Range Resources Ltd.