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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: 0.25
Bid: 0.20
Ask: 0.30
Change: 0.025 (11.11%)
Spread: 0.10 (50.00%)
Open: 0.225
High: 0.25
Low: 0.204
Prev. Close: 0.225

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Strategic Minerals raises £0.4m to help fund Paltridge North work

Mon, 25th Oct 2021 16:33

(Sharecast News) - Battery metals-focussed producing mineral company Strategic Minerals raised £0.4m before expenses, it announced on Monday, to help it complete required work on the Paltridge North deposit.
The AIM-traded firm said the funds were raised by way of a placing and subscription of 106,666,667 new ordinary shares at a price of 0.375p each.

It said the funds would be used for works to achieve unconditional status on the Leigh Creek Copper Mine (LCCM) programme for environmental protection and rehabilitation (PEPR), and provide working capital for the 'Deep Digital Cornwall' (DDC) project.

The company said work on the PEPR was nearing completion, in parallel with advanced funding discussions, while the DDC was continuing to progress as planned, although the rebate cycle had proven longer than anticipated.

"The directors are pleased to have undertaken this small raise with a limited number of placees to ensure the capacity of the company to prudently fund critical work to complete PEPR requirements and to continue progress in Cornwall," said managing director John Peters.

"The company considers that it will have submitted the necessary additional PEPR information prior to the end of the year and expects to be in production in the first quarter of 2022, resulting in revenue flows around mid-2022, subject to funding."

Peters said that at the same time, the company had been progressing asset-level funding discussions, which were now at an advanced stage, adding that the board expected those negotiations to be completed before the PEPR became unconditional.

"Activities at CRL's Redmoor Tin and Tungsten project continue progressing and the company considers that 2022 shows excellent potential for this asset to achieve meaningful value recognition."

At 1606 BST, shares in Strategic Minerals were down 1.18% at 0.42p.
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10 Nov 2023 11:39

IN BRIEF: Strategic Minerals shares down but DDC work complete

Strategic Minerals PLC - London-based miner with projects in New Mexico, South Australia and the UK - Says wholly owned subsidiary Cornwall Resources Ltd has completed all field activities at the Deep Digital Cornwall (DDC) project. Outputs include analytical data for 2,184 soil samples and a "highly detailed" ground gravity survey. Expects data to increase CRL's understanding of the larger licence area's prospectivity, and highlight potential target areas for future exploration. Analysis is ongoing, including targeting soil anomalies for further testing, field verification and indoor sampling. Company says soil sample results provide validation of the mineral prospectivity map announced in September.

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10 Nov 2023 10:00

Strategic Minerals upbeat on results of Cornwall digital project

(Sharecast News) - Strategic Minerals updated the market on its wholly-owned subsidiary, Cornwall Resources (CRL), and its participation in the 'Deep Digital Cornwall' (DDC) project on Friday.

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10 Nov 2023 09:53

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11 Oct 2023 14:25

Strategic Minerals subsidiary inks partnership with Oxford Sigma

(Sharecast News) - Strategic Minerals announced a significant partnership through its wholly-owned subsidiary Cornwall Resources (CRL) on Wednesday, aimed at exploring and developing critical mineral supply chains, mainly focusing on tungsten for the burgeoning fusion industry.

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11 Oct 2023 10:24

Strategic Minerals notes tungsten-focused memorandum by subsidiary

(Alliance News) - Strategic Minerals PLC on Wednesday highlighted the UK government's critical minerals strategy as it noted that its subsidiary Cornwall Resources Ltd signed a memorandum of understanding with nuclear fusion technology company Oxford Sigma Ltd.

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28 Sep 2023 12:00

IN BRIEF: Strategic Minerals half-year profit and revenue plunge

Strategic Minerals PLC - London-based mining company with projects in New Mexico, South Australia and the UK - Says pretax profit in the six months ended June 30 fell 78% to USD54,000 from USD248,000 a year prior, as revenue plunged to USD782,000 from USD1.3 million the year before. Notes a "significant drop" in sales at its Cobre project in New Mexico. Non-executive Chair Alan Broome says: "I look forward to further progressing our key strategic goals in 2023 and pushing onto a brighter 2024."

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14 Jul 2023 14:54

Strategic Minerals slides after company update

(Sharecast News) - Strategic Minerals updated the market on its ongoing projects on Friday, reporting that its subsidiary Cornwall Resources (CRL) had been actively working to expand its mineral footprint in the resource-rich Cornwall area.

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14 Jul 2023 10:18

Strategic Minerals says Cornwall Resources prosperity fund bid fails

(Alliance News) - Strategic Minerals PLC said on Friday that Cornwall Resources Ltd was working towards resubmitting an application to the Cornwall and Isle of Scilly Council Shared Prosperity Fund, after its first application for its Redmoor project was unsuccessful.

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UK shareholder meetings calendar - next 7 days

Wednesday 12 July 
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Safestore Holdings PLCAGM
Steppe Cement LtdAGM
ProVen Growth & Income VCTAGM
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Thursday 13 July 
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BATM Advanced Communications LtdAGM
BT Group PLCAGM
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CT Automotive Group PLCAGM
Clontarf Energy PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
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Tower Resources PLCAGM
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Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
  
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21 Jun 2023 11:52

Strategic Minerals optimistic as profit jumps after tough two years

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25 Apr 2023 21:53

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Strategic Minerals magnetite sales from Cobre mine in US fall in 2022

(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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