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Share Price: 0.20

Bid: 0.15

Ask: 0.25

Change: -0.025 (-11.11%)

Spread: 0.10 (66.667%)

Open: 0.225

High: 0.225

Low: 0.175

Prev. Close: 0.225

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IN BRIEF: Strategic Minerals half-year profit and revenue plunge

Thu, 28th Sep 2023 12:00

Strategic Minerals PLC - London-based mining company with projects in New Mexico, South Australia and the UK - Says pretax profit in the six months ended June 30 fell 78% to USD54,000 from USD248,000 a year prior, as revenue plunged to USD782,000 from USD1.3 million the year before. Notes a "significant drop" in sales at its Cobre project in New Mexico. Non-executive Chair Alan Broome says: "I look forward to further progressing our key strategic goals in 2023 and pushing onto a brighter 2024."

Current stock price: 0.15 pence, trading flat on Thursday

12-month change: down 50%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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6 Oct 2020 13:30

Strategic Minerals upbeat on latest study from Redmoor

(Sharecast News) - Battery minerals company Strategic Minerals announced on Tuesday that its wholly-owned subsidiary Cornwall Resources (CRL) has received a positive updated mining scoping study and financial assessment from its consultants Wardell Armstrong International (WAI).

15 Sep 2020 14:01

Strategic Minerals Swings To Interim Profit, Confident On Second Half

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IN BRIEF: Strategic Minerals Expects Updated Redmoor Financial Model

24 Aug 2020 12:20

Strategic Minerals upbeat on progress at Redmoor

(Sharecast News) - Strategic Minerals updated the market on progress at its Redmoor Tin and Tungsten project on Monday, which is held by its wholly-owned subsidiary Cornwall Resources (CRL).

14 Jul 2020 21:49

IN BRIEF: Strategic Minerals Sales Surge In Second Quarter Of 2020

25 Jun 2020 18:10

IN BRIEF: Strategic Minerals Becomes Debt Free After Loan Repayment

24 Jun 2020 11:58

Strategic Minerals Swings To Annual Loss On Impairment Charges

8 Jun 2020 15:38

Strategic Minerals Secures GBP100,000 From Broker Option

4 Jun 2020 18:06

Strategic Minerals Raises GBP1 Million Via Equity Issue

4 Jun 2020 09:47

Strategic Minerals raises £1.1m to settle Redmoor purchase

(Sharecast News) - Battery minerals development company Strategic Minerals has raised £1.1m before expenses through a placing and subscription of 244,444,444 new ordinary shares at a price of 0.45p each, it announced on Thursday.

1 Jun 2020 15:54

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1 Jun 2020 09:17

Arbitrator finds in favour of Strategic Minerals subsidiary

(Sharecast News) - Strategic Minerals announced on Monday that the appointed arbitrator has awarded its wholly-owned subsidiary Southern Minerals Group (SMG) $21.93m (£17.71m) in damages and costs, exclusive of additional interest to be calculated, in its claim against a "major client" at the Cobre magnetite stockpile.

21 May 2020 16:29

Strategic Minerals completes 'important step' in reopening of Leigh Creek

(Sharecast News) - Strategic Minerals announced on Thursday that its wholly-owned subsidiary Leigh Creek Copper Mine has lodged a draft programme for environment protection and rehabilitation (PEPR) with the South Australian government.

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IN BRIEF: Strategic Minerals half-year profit and revenue plunge

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