REGISTER: Hear how PetroTal (PTAL) is increasing oil & gas production in Peru. Find out more at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.25
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.10 (50.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.25
SML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Strategic Minerals selling gold targets as it focusses on battery elements

Mon, 03rd Sep 2018 11:24

(Sharecast News) - Producing mineral company Strategic Minerals has signed an in principle agreement in relation to the divestments of certain tenements that had been identified as gold targets, currently owned by its wholly-owned subsidiary Central Australian Rare Earths, to ASX-listed Great Southern Mining subject to a one week due diligence and effective transfer of title, it announced on Monday.The AIM-traded firm said it had agreed to arrange the sale of the E38/2829, E38/2442, E38/2587, and E38/2856 tenements to GSN.It confirmed the tenements in the agreement were currently 100% owned by its subsidiary CARE.Total consideration for the sale would be AUD 145,000, to be paid by way of AUD 100,000 in cash and the issue to CARE of 1,000,000 shares in GSN at an issue price of 4.5 Australian cents.A non-refundable deposit of AUD 50,000 would be deposited on exchange of contracts, and the cash balance and the shares would be provided on the transfer of title.Strategic said 500,000 GSN shares would be subject to a voluntary escrow until 30 December, with the balance voluntarily escrowed until 30 June 2019.The board explained that the sale of the tenements would channel the company's focus for CARE on nickel/cobalt and rare earth exploration."As a result of the ongoing evaluation and rationalisation of the CARE tenements, the board has decided that the tenements identified as gold targets are not in line with the company's strategy of pursuing battery-related metals and the sale of these assets allows Strategic Minerals to focus future exploration on nickel sulphides, cobalt and rare earth elements," said Strategic Minerals managing director John Peters."The company looks forward to updating the market shortly on its plans to undertake further drilling around Hanns Camp, notably at Hanns Camp South, which is showing good signs of nickel sulphide prospectivity."
More News
11 Feb 2025 14:22

Strategic Minerals finds further tungsten and copper at Cornwall site

(Alliance News) - Strategic Minerals PLC on Tuesday said it has identified additional tungsten and copper mineralisation at the Redmoor Project in Cornwall, England.

Read more
20 Jan 2025 13:11

TRADING UPDATES: Checkit deal wins; Tertiary Minerals silver find

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
29 Nov 2024 11:58

Strategic Minerals upbeat on UK critical minerals report

(Sharecast News) - Strategic Minerals was upbeat on Friday after news that tungsten and tin, key components of its wholly-owned Redmoor polymetallic tungsten deposit, retained their designation as 'critical minerals' in the 2024 UK Criticality Assessment.

Read more
28 Nov 2024 14:34

Strategic Minerals extends Cobre access for two more years

(Sharecast News) - Strategic Minerals announced a two-year extension to its access agreement for the Cobre magnetite stockpile in New Mexico on Thursday, pushing the expiration date from 31 March 2027 to 31 March 2029.

Read more
28 Nov 2024 12:24

IN BRIEF: Strategic Minerals gets two-year extension for Cobre access

Strategic Minerals PLC - Says its access to the Cobre magnetite stockpile in New Mexico has been extended by two years to March 31, 2029. The firm has also received a new purchase order for 2025 for up to 30,000 tonnes from one of its "major clients". Executive Director Mark Burnett says: "Combined with a significant new purchase order, this [extension] should underpin the revenue profile for Strategic Minerals into 2025 and beyond and provide scope to expand operations across the portfolio of Strategic Minerals assets." It expects full-year sales at Cobre to exceed USD4.5 million.

Read more
28 Nov 2024 10:57

AIM WINNERS & LOSERS: eEnergy deal win; James Latham warns on recovery

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.

Read more
15 Oct 2024 14:22

TRADING UPDATES: Strategic Minerals touts improved Cobre sales

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
15 Oct 2024 10:58

AIM WINNERS & LOSERS: Braveheart Investment swings to profit

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

Read more
26 Sep 2024 10:37

AIM WINNERS & LOSERS: Phoenix Copper's loss balloons on admin costs

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.

Read more
30 Aug 2024 11:11

AIM WINNERS & LOSERS: Vela Tech hit by collapse of Conduit Pharma

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.

Read more
19 Aug 2024 13:00

Strategic Minerals names largest shareholder Charles Manners as chair

(Alliance News) - Strategic Minerals PLC on Monday announced the appointment of two significant shareholders to the board.

Read more
5 Aug 2024 14:32

UK shareholder meetings calendar - next 7 days

Read more
2 Aug 2024 10:02

Strategic Minerals signs new licence for mineral rights in Cornwall

(Alliance News) - Strategic Minerals PLC on Friday announced subsidiary Cornwall Resources Ltd has signed a new exploration licence and mining option for mineral rights in Cornwall, England.

Read more
16 Jul 2024 21:54

IN BRIEF: Strategic Minerals chair retires, MD made interim chair

Strategic Minerals PLC - London-based mining and exploration company - Chair Alan Broome retires effective immediately. Managing Director John Peters to assume role of interim chair until board composition is finalised, expected this quarter. Company also proposes appointment of Jonathan Reynolds as independent technical non-executive director. Expects to complete appointment by end of August. Reynolds will replace Jeff Harrison who retired in April 2023. Says company had not been able to fill the role until recent turnaround in sales at its Cobre operation in New Mexico. Plans to add additional UK-based non-executive director with strong mining background.

Read more
9 Jul 2024 11:48

Strategic Minerals shares soar amid record quarterly Cobre sales

(Alliance News) - Strategic Minerals PLC on Tuesday upgraded guidance following strong sales from the Cobre magnetite stockpile operation.

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.