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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Strategic Minerals exchanges contracts for sale of CARE gold targets

Thu, 13th Sep 2018 14:50

(Sharecast News) - Producing mineral company Strategic Minerals has now exchanged contracts for the sale of certain tenements identified as gold targets, currently owned by its wholly owned subsidiary Central Australian Rare Earths (CARE) to ASX-listed Great Southern Mining (GSN), it announced on Thursday.The AIM-traded firm initially announced an in-principle agreement for the transaction on 3 September.It said it had now exchanged contracts for the sale of the E38/2829, E38/2442, E38/2587 and E38/2856 tenements to GSN.Strategic also confirmed it had received a non-refundable deposit of AUD 50,000.The balance of the purchase price, consisting of AUD 50,000 in cash and the issue to CARE of 1,000,000 shares in GSN at an issue price of AUD 0.045, would be paid on completion of the transfer of title of the tenements, expected within one month.On completion, the company said it would enter a voluntary escrow agreement ensuring that 500,000 GSN shares would not be sold before 30 December, with the balance not being sold prior to 30 June next year."The exchange of contracts on the gold related CARE tenements is a welcome stepping stone to the improved overall management and exploration of the tenements within CARE's portfolio," said Strategic Minerals managing director John Peters."Additional funding arising from this sale is likely to be applied to further drilling around Hanns Camp, notably at Hanns Camp South, which remains highly prospective for nickel sulphide mineralisation."
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11 Feb 2025 14:22

Strategic Minerals finds further tungsten and copper at Cornwall site

(Alliance News) - Strategic Minerals PLC on Tuesday said it has identified additional tungsten and copper mineralisation at the Redmoor Project in Cornwall, England.

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20 Jan 2025 13:11

TRADING UPDATES: Checkit deal wins; Tertiary Minerals silver find

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29 Nov 2024 11:58

Strategic Minerals upbeat on UK critical minerals report

(Sharecast News) - Strategic Minerals was upbeat on Friday after news that tungsten and tin, key components of its wholly-owned Redmoor polymetallic tungsten deposit, retained their designation as 'critical minerals' in the 2024 UK Criticality Assessment.

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28 Nov 2024 14:34

Strategic Minerals extends Cobre access for two more years

(Sharecast News) - Strategic Minerals announced a two-year extension to its access agreement for the Cobre magnetite stockpile in New Mexico on Thursday, pushing the expiration date from 31 March 2027 to 31 March 2029.

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28 Nov 2024 12:24

IN BRIEF: Strategic Minerals gets two-year extension for Cobre access

Strategic Minerals PLC - Says its access to the Cobre magnetite stockpile in New Mexico has been extended by two years to March 31, 2029. The firm has also received a new purchase order for 2025 for up to 30,000 tonnes from one of its "major clients". Executive Director Mark Burnett says: "Combined with a significant new purchase order, this [extension] should underpin the revenue profile for Strategic Minerals into 2025 and beyond and provide scope to expand operations across the portfolio of Strategic Minerals assets." It expects full-year sales at Cobre to exceed USD4.5 million.

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28 Nov 2024 10:57

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15 Oct 2024 14:22

TRADING UPDATES: Strategic Minerals touts improved Cobre sales

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19 Aug 2024 13:00

Strategic Minerals names largest shareholder Charles Manners as chair

(Alliance News) - Strategic Minerals PLC on Monday announced the appointment of two significant shareholders to the board.

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5 Aug 2024 14:32

UK shareholder meetings calendar - next 7 days

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2 Aug 2024 10:02

Strategic Minerals signs new licence for mineral rights in Cornwall

(Alliance News) - Strategic Minerals PLC on Friday announced subsidiary Cornwall Resources Ltd has signed a new exploration licence and mining option for mineral rights in Cornwall, England.

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16 Jul 2024 21:54

IN BRIEF: Strategic Minerals chair retires, MD made interim chair

Strategic Minerals PLC - London-based mining and exploration company - Chair Alan Broome retires effective immediately. Managing Director John Peters to assume role of interim chair until board composition is finalised, expected this quarter. Company also proposes appointment of Jonathan Reynolds as independent technical non-executive director. Expects to complete appointment by end of August. Reynolds will replace Jeff Harrison who retired in April 2023. Says company had not been able to fill the role until recent turnaround in sales at its Cobre operation in New Mexico. Plans to add additional UK-based non-executive director with strong mining background.

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9 Jul 2024 11:48

Strategic Minerals shares soar amid record quarterly Cobre sales

(Alliance News) - Strategic Minerals PLC on Tuesday upgraded guidance following strong sales from the Cobre magnetite stockpile operation.

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