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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
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Prev. Close: 0.225
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Strategic Minerals Raises GBP890,000 As Awaits Client Payment

Tue, 25th Jun 2019 14:29

(Alliance News) - Strategic Minerals PLC on Tuesday said it has raised GBP890,000 through a 63.6 million share placing and subscription priced at 1.4 pence per share to tide the company over while it awaits payment from a client.

Shares in Strategic Minerals were down 7.5% at 1.62 pence in afternoon trade.

The producing mineral company will used the money to close the purchase of the remaining shares in Cornwall Resources Ltd and for working capital in the development of its Leigh Creek copper mine project in South Australia.

Strategic Minerals said it still views the USD4.1 million payment owed to its by a major client of its Cobre plant as "imminent" and capable of being "received at any time".

Chair Alan Broome said: "This modest placing has been undertaken as we await the anticipated receipt of over USD4 million from the Cobre client. SML appreciates the continued backing of our largest shareholder, as well as from another large, existing investor. The remaining participants in the placing consisted of the board and the wider SML team.

He added: "We remain in close contact with our Cobre client and believe payment may occur at any time. However, we are carefully preparing to progress a claim for substantial potential lost profits, should payment not be forthcoming in the near future."

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18 Jan 2024 12:15

Strategic Minerals shares jump two-thirds as "major" client returns

(Alliance News) - Strategic Minerals PLC said that the client's return "augurs well for cash flow" in 2024, following a challenging period of absence.

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18 Jan 2024 11:47

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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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11 Jul 2023 15:45

UK shareholder meetings calendar - next 7 days

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21 Jun 2023 11:52

Strategic Minerals optimistic as profit jumps after tough two years

(Alliance News) - Strategic Minerals PLC on Wednesday said its annual profit increased despite a drop in revenue and difficulties facing its Cobre stockpile, and said it was encouraged by its outlook after a "testing" two years.

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