REGISTER: Hear how Fulcrum Metals (FMET) is board restructuring to support its strategic focus on Canada. Find out at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.25
Bid: 0.20
Ask: 0.30
Change: 0.00 (0.00%)
Spread: 0.10 (50.00%)
Open: 0.25
High: 0.25
Low: 0.23
Prev. Close: 0.25
SML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Strategic Minerals extends Cobre access for two more years

Thu, 28th Nov 2024 14:34

(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.

The AIM-traded company said the extension came on the back of continued operational success by its wholly-owned subsidiary Southern Minerals Group (SMG), adding that it would ensure a stable revenue stream over the long term.

In addition, SMG had secured a significant new purchase order for up to 30,000 tonnes of magnetite for 2025 from one of its major clients.

The order strengthened the firm's forward revenue profile, complementing strong sales performance at Cobre, where full-year sales were expected to exceed $4.5m.

Strategic Minerals highlighted the strategic timing of the extension and purchase order, which positioned it to optimise revenue and cash flow in the coming years.

Further updates on sales and operational performance would be provided in its next quarterly report in the first quarter of 2025.

"The extension of access at Cobre to 31 March 2029 is a huge achievement by the excellent SMG team on the ground," said executive director Mark Burnett.

"Combined with a significant new purchase order, this should underpin the revenue profile for SML into 2025 and beyond and provide scope to expand operations across the portfolio of SML assets."

At 1050 GMT, shares in Strategic Minerals were up 2.73% at 0.23p.

Reporting by Josh White for Sharecast.com.

More News
9 Jul 2024 11:05

Strategic Minerals reports record sales in June quarter

(Sharecast News) - Strategic Minerals reported record-breaking sales for the quarter ended 30 June on Tuesday, driven by a significant increase in demand at its Cobre operation.

Read more
9 Jul 2024 10:49

AIM WINNERS & LOSERS: Strategic Minerals up as quarterly revenue jumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

Read more
21 Jun 2024 13:16

Strategic Minerals widens loss after incurring USD8.9 million impairment

(Alliance News) - Strategic Minerals PLC on Friday reported weaker financial performance as the company contends with falling sales and a lack of funding.

Read more
21 Jun 2024 13:08

Strategic Minerals swings to full-year pre-tax loss

(Sharecast News) - Strategic Minerals reported a challenging year in its final results on Friday, marked by significant financial and operational hurdles.

Read more
10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
10 Apr 2024 14:34

Strategic Minerals doubles first quarter revenue at Cobre operation

(Alliance News) - Strategic Minerals PLC on Wednesday said sales at its Cobre operation have returned to normal.

Read more
10 Apr 2024 12:06

Strategic Minerals reports jump in Cobre sales revenue

(Sharecast News) - Strategic Minerals said in an update on Wednesday that in the March quarter, sales revenue from Cobre totalled $0.841m, marking an increase of over 100% compared to the same period in 2023.

Read more
20 Mar 2024 11:06

Strategic Minerals inks rights deal with the Duchy of Cornwall

(Sharecast News) - Strategic Minerals announced on Wednesday that its wholly-owned subsidiary Cornwall Resources (CRL) has finalised an exclusivity and prospecting agreement with the Duchy of Cornwall to advance the commercialisation of mineral rights in the East Cornwall and Tamar Valley region.

Read more
20 Mar 2024 10:04

Strategic Minerals jumps as increases footprint in Cornwall fourfold

(Alliance News) - Strategic Minerals PLC shares rose on Wednesday, after it said that a mineral rights agreement has been signed with the Duchy of Cornwall.

Read more
20 Mar 2024 09:55

AIM WINNERS & LOSERS: Abingdon Health rises on Boots agreement

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
7 Mar 2024 14:15

Strategic Minerals celebrates six-year record for Cobre February sales

(Alliance News) - Strategic Minerals PLC on Thursday celebrated a six-year high for February sales at Cobre, as well as its highest monthly sales tonnage since March 2021.

Read more
7 Mar 2024 12:36

Strategic Minerals reports record-breaking sales from Cobre

(Sharecast News) - Strategic Minerals reported record-breaking sales figures for February at its Cobre magnetite stockpile on Thursday.

Read more
7 Mar 2024 10:06

AIM WINNERS & LOSERS: Strategic Minerals up on February sales

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
8 Feb 2024 20:13

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.