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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Share Price: 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.

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(Alliance News) - Strategic Minerals PLC on Thursday reported a decline in magnetite sales from its Cobre operation in the US state of New Mexico.

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Strategic Minerals expects new PEPR lodgement to be faster than before

(Alliance News) - Strategic Minerals PLC on Thursday said that its subsidiary, Leigh Creek Copper Mine Pty Ltd, has lodged an application for a new Program for Environmental Protection & Rehabilitation with South Australia's Department of Energy & Mining.

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24 Oct 2022 07:25

Strategic Minerals price increases boost revenue from Cobre project

(Alliance News) - Strategic Minerals PLC on Thursday said price increases in July had boosted quarterly revenue, as it hoped for government funding for its Redmoor project.

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20 Oct 2022 17:24

Strategic Minerals positive after recent price increases

(Sharecast News) - Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the September quarter on Thursday, reporting that July price increases boosted revenue to $0.653m, up from $0.607m year-on-year.

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14 Sep 2022 11:18

IN BRIEF: Strategic Minerals finds new areas of mineralisation at DDC

Strategic Minerals PLC - London-based exploration and production company - Posts update on its Deep Digital Cornwall project via its wholly-owned subsidiary Cornwall Resources Ltd. Says "new areas of mineral prospectivity for tin and tungsten" found in DDC soil sampling results. Finds 1% tin, or 1.1% tin equivalent in soil sample DDC001275. Explains the project is entering its second and final phase.

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20 Jul 2022 10:54

IN BRIEF: Strategic Minerals posts lower Cobre sales, cash balance

Strategic Minerals PLC - London-based exploration and production company - Posts lower sales at its Cobre magnetite operation in New Mexico and cash balance falls.

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Strategic Minerals annual profit halves; confident in resource prices

(Alliance News) - Strategic Minerals PLC on Friday reported a lower profit in 2021, as revenue fell.

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Strategic Minerals quarter marred by weaker January

(Sharecast News) - Strategic Minerals updated the market on the Cobre magnetite operation in New Mexico on Friday, reporting that sales to the project's largest client returned to "normal levels" in February and March.

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21 Apr 2022 13:11

Strategic Minerals gets 10-year extension to Redmoor licence

(Sharecast News) - Strategic Minerals announced on Thursday that its wholly-owned subsidiary Cornwall Resources (CRL) has signed a 10-year extension to its Redmoor exploration licence agreement.

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28 Mar 2022 18:14

IN BRIEF: Strategic Minerals gains extended access to Cobre stockpile

Strategic Minerals PLC - London-based exploration and production company - Gains extension to access to the magnetite stockpile in New Mexico from the recently announced rollover to March 31, 2023 until March 31, 2027.

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