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  2. Share Prices
  3. Strategic Minerals Share Price
  4. Strategic Minerals Share News
  5. Strategic Minerals Fundraises For Equipment Renewal, Project Growth

Pin to quick picksStrategic Minerals Share News (SML)

Strategic Minerals Information

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
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Share Price: 0.225
Bid: 0.20
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.05 (25.00%)
Open: 0.225
High: 0.225
Low: 0.225
Prev. Close: 0.225
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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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