Last checked at (Sharecast News) - Battery minerals developer Strategic Minerals announced on Tuesday that the first quarterly payment of AUD 0.3m (£0.17m) has been made to New Age Exploration.
The AIM-traded firm said the payment was in line with the revised acquisition payment schedule for New Age Exploration's 50% holding in Cornwall Resources, as it announced on 25 July.
It said the payment had been due by 31 October.
"The early payment by the company reflects the board's commitment to completing the transaction and the efforts to manage cash flow effectively to ensure continuity of progress on the company's key projects," said managing director John Peters.
21 Jul 2016 15:24
Strategic Minerals accepts settlement offer over Cobre rail works
(ShareCast News) - Diversified mineral development and production company Strategic Minerals announced on Thursday that it has accepted a settlement offer in relation to its claim over rail works for the Cobre Mine in the US. The AIM-traded firm said the settlement totalled $0.675m, to be paid in in
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