Strategic Metals Ltd. July 27 announced that it has sold its interest in the Li lithium property to Equitorial Exploration Corp. Located in western Northwest Territories, adjacent to the Yukon border, the Li property hosts the Little Nahanni Pegmatite Group lithium-cesium-tantalum pegmatite dykes.

In exchange for the property, Equitorial has agreed to issue 7.5 million shares and 2.5 million w...