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Pin to quick picksStrategic Minerals Share News (SML)

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 Inks Contract For Cornwall Resources Acquisition

Mon, 13th May 2019 11:18

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it inked a binding contract for the acquisition of a 50% stake in of Cornwall Resources Ltd, a joint venture vehicle holding the Redmoor tin and tungsten project.

The company will pay AUD5 million to New Age Exploration Ltd for the firm, with AUD2 million to be paid on May 30.

Further consideration will be paid later based on production targets.

"Recent developments have shown the potential for the Redmoor tin and tungsten project to be a world class mine and, with the full control of the project, Strategic Minerals believes it can time its development to fit in with cash flows from Cobre and, shortly, Leigh Creek," Managing Director John Peters said.

He added: "This ability to manage cash flow requirements provides great confidence that the Redmoor project will progress in the future."

Strategic Minerals shares were trading 0.2% lower at 1.60 pence each.

More News
11 Apr 2019 13:47

Strategic Minerals Produces First Copper Cement At Leigh Creek

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said copper production from its processing facility at the Leigh Creek copper mine has restarted.The Mountain of Light facility,

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11 Apr 2019 12:19

Strategic Minerals Quarter Suffers From Maintenance And Client Issues

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said quarterly sales and production at its Cobre magnetite operations in the US were hurt by plant maintenance and issues with a major a

Read more
8 Apr 2019 10:11

Strategic Minerals acquisition of remainder of Redmoor project advances

(Sharecast News) - Battery materials-focussed producing mineral company Strategic Minerals has been informed by New Age Exploration that it would not be required to refer its decision to sell its entire 50% shareholding in Cornwall Resources - the joint venture vehicle developing the Redmoor tin and tungsten project in Cornwall - to shareholders at a general meeting, it said on Monday.

Read more
18 Mar 2019 12:49

Strategic Minerals Buys Remainder Of Redmoor Tin Tungsten Project

LONDON (Alliance News) - Strategic Minerals PLC said Monday it has agreed to buy the remaining 50% stake held in Cornwall Resources from its joint venture partner New Age Exploration acquisition a

Read more
18 Mar 2019 11:45

Strategic Minerals to take 100pc stake in Cornwall Resources

(Sharecast News) - Strategic Minerals has entered into arrangements with New Age Exploration to acquire its entire 50% shareholding in Cornwall Resources - the joint venture vehicle developing the Redmoor tin and tungsten project in Cornwall, it announced on Monday.

Read more
7 Mar 2019 15:14

Strategic Minerals schedules re-start at Mountain of Light facility

(Sharecast News) - Battery minerals company Strategic Minerals announced on Thursday that copper production was scheduled to start-up again at the Leigh Creek Copper Mine's 'Mountain of Light' processing facility in April, starting with the refurbishment and the trial reactivation of the existing processing plant and heap leach pads.

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7 Mar 2019 14:33

Strategic Minerals Ready To Get Going Again At Leigh Creek In April

LONDON (Alliance News) - Strategic Minerals PLC said on Thursday production is to re-start at Australia's Leigh Creek copper mine in April.Strategic Minerals has engaged PPM Global to a

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4 Mar 2019 12:52

Strategic Minerals To Issue Final 2.9 Million Shares For Leigh Creek (ALLISS)

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it has arranged the issue of the final 2.9 million shares due to Resilience Mining Australia Ltd for the acquisition of Leigh Creek a

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4 Mar 2019 09:24

Strategic Minerals issues remaining shares for Leigh Creek acquisition

(Sharecast News) - Battery minerals-focussed Strategic Minerals announced on Monday that it has arranged the issuance of the remaining 2,866,730 shares due to Resilience Mining Australia, for the acquisition of the Leigh Creek Copper Mine.

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18 Feb 2019 13:14

Strategic Minerals Says Mountain Of Light Results Better Than Expected

LONDON (Alliance News) - Strategic Minerals PLC said Monday the assay results from the diamond drill programme at the Paltridge North and Rosmann East deposits at the Mountain of Light project in

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14 Feb 2019 11:49

Strategic Minerals Notes Trebling Of Redmoor Metal Estimate

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said a mineral resource update from its Redmoor tin-tungsten mine in Cornwall has trebled the previous contained metal drilling at is by

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23 Jan 2019 11:17

Strategic Minerals Excited After "Impressive" Redmoor Drill Results

LONDON (Alliance News) - Strategic Minerals PLC on Wednesday said latest results from its drilling programme at the Redmoor tin-tungsten project are "exceptional".Every hole in a

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14 Jan 2019 11:42

Strategic Minerals Gets Early Extension To Cobre Stockpile Access

LONDON (Alliance News) - Battery minerals producer Strategic Minerals PLC on Monday said that its subsidiary, Southern Minerals Group, received an early rollover of access to the Cobre magnetite a

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6 Dec 2018 15:55

Strategic Minerals Commences Australia Mountain Of Light Refurbishment

LONDON (Alliance News) - Battery minerals producer Strategic Minerals PLC on Thursday said it has begun refurbishment at its Mountain of Light processing plant in south Australia, which may be of

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6 Dec 2018 15:49

Strategic Minerals boosted by Australian copper mineralisation

(Sharecast News) - Strategic Minerals' shares surged on Thursday after intersecting "significant" copper mineralisation at its Leigh Creek Copper Mine (LCCM) project in South Australia.

Read more

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