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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
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Share Price: 0.25
Bid: 0.20
Ask: 0.30
Change: 0.025 (11.11%)
Spread: 0.10 (50.00%)
Open: 0.225
High: 0.25
Low: 0.204
Prev. Close: 0.225

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IN BRIEF: Strategic Minerals gains extended access to Cobre stockpile

Mon, 28th Mar 2022 18:14

Strategic Minerals PLC - London-based exploration and production company - Gains extension to access to the magnetite stockpile in New Mexico from the recently announced rollover to March 31, 2023 until March 31, 2027.

Sales at Cobre have recovered to previous levels after the dip experienced from October 2021 to January 2022. The extension of access and a planned marketing programme is expected to reflect in sales growth in the second half of 2022.

Group's subsidiary will lodge USD21.9 million claim within two weeks following short order.

"While a long time in coming to fruition, the extension of access at Cobre to 31 March 2027 is a huge achievement by the excellent team at Cobre and especially by its President Clovis Hooper. This extension should underpin the company's future profitability and provides scope to broaden Cobre's clientele, which is expected to lead to higher sales in the future," says Managing Director John Peters.

Current stock price: 0.33 pence, up 8.3%

12-month change: down 23%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Strategic Minerals Raises GBP890,000 As Awaits Client Payment

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11 Jun 2019 16:06

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 12 JuneFilta GroupHC SlingsbyGANLondon & Associated 13 Morrison Jack 14

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10 Jun 2019 11:42

Strategic Minerals Prepares Claim For Outstanding USD4 Million Payment

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29 May 2019 10:41

Strategic Minerals Defers Initial Payment For Cornwall Resources Buy

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16 May 2019 11:15

Strategic Minerals Study At Redmoor Indicates Ten-Year Plus Mine Life

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14 May 2019 13:07

Strategic Minerals Annual Profit Hurt By Drop In Cobre Magnetite Sales

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Strategic Minerals Inks Contract For Cornwall Resources Acquisition

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3 May 2019 14:53

Strategic Minerals confirms first sale of copper cement from Leigh Creek

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3 May 2019 11:17

Strategic Minerals Achieves First Copper Cement Sale From Leigh Creek

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11 Apr 2019 13:47

Strategic Minerals Produces First Copper Cement At Leigh Creek

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said copper production from its processing facility at the Leigh Creek copper mine has restarted.The Mountain of Light facility,

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