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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 Fundraises For Equipment Renewal, Project Growth

Thu, 03rd Dec 2020 13:26

(Alliance News) - Strategic Minerals PLC on Thursday said it has raised GBP700,000 to go towards development of its Leigh Creek copper mine in South Australia and the Redmoor tin and tungsten project in Cornwall, England.

Strategic Minerals issued 175.0 million shares at 0.4 pence. Each share has a warrant attached, exercisable at 1p each before December 30, 2022.

Shares in the company were 7.9% lower at 0.42p each in London on Thursday afternoon.

"The proceeds of the placing will be used primarily for the renewal of equipment at the Cobre magnetite stockpile and for the ongoing development of the company's two other projects: Leigh Creek copper mine and the Cornwall Resources' Redmoor tin tungsten project," Strategic Minerals said.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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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

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