Last checked at 29 Mar 2018 09:32
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
29 March 2018
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Director Dealing
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects for battery materials announces that, it was notified yesterday that on 28 March 2018, Mr. Peter Wale, Non-Executive Director of the Company, sold 1,100,000 ordinary shares of 0.1p each of SML ("Ordinary Shares") held in his own name, at a price of 1.70 pence per Ordinary Share. Subsequent to the above transaction, Mr. Wale then acquired 1,095,467 Ordinary Shares at a price of 1.7032 pence per Ordinary Share, such Ordinary Shares being held in an ISA account, of which Mr. Wale is the sole beneficiary.
Following the transfers detailed above, Mr. Wale's total beneficial interest in the ordinary share capital of the Company will be 48,359,467 Ordinary Shares, which represents approximately 3.62 per cent. of the Company's issued share capital. Mr Wale's interest in the share capital of SML remains substantially unchanged by the above transactions.
PDMR Dealing
1.1 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr. Peter Wale | ||||
1.2 2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
1.3 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Strategic Minerals plc | ||||
b) | LEI: | 213800DICA5NPVOJT776 | ||||
1.4 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 0.1p each
GB00B4W8PD74 | ||||
b) | Nature of the transaction: | Sale of shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 28 March 2018
| ||||
f) | Place of the transaction: | London Stock Exchange, AIM (XLON) | ||||
1.5 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr. Peter Wale | ||||
1.6 2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
1.7 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Strategic Minerals plc | ||||
b) | LEI: | 213800DICA5NPVOJT776 | ||||
1.8 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 0.1p each
GB00B4W8PD74 | ||||
b) | Nature of the transaction: | Purchase of shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 28 March 2018
| ||||
f) | Place of the transaction: | London Stock Exchange, AIM (XLON) | ||||
For further information, please contact:
Strategic Minerals plc | +61 (0) 414 727 965 | ||
John Peters | |||
Managing Director | |||
www.strategicminerals.net | |||
Follow Strategic Minerals on: | |||
Vox Markets: | https://www.voxmarkets.co.uk/company/SML/ | ||
Twitter: | @SML_Minerals | ||
LinkedIn: | https://www.linkedin.com/company/strategic-minerals-plc | ||
Facebook: | https://www.facebook.com/search/top/?q=strategic%20minerals%20plc | ||
SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470 | ||
Nominated Adviser and Joint Broker | |||
Ewan Leggat | |||
Yellow Jersey PR | +44 (0) 20 3735 8825 | ||
Financial PR | |||
Charles Goodwin | +44 (0) 7747 788 221 | ||
Joe Burgess | +44 (0) 7769 325 254 |
| |
Henry Wilkinson | +44 (0) 7951 402 336 |
| |
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, operating minerals company actively developing projects for battery materials. It has an operation in the United States of America and development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals being sought in the burgeoning electronic vehicle/battery market.
In September 2011, Strategic Minerals acquired the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects orientated to supplying the burgeoning electric vehicle/battery market.
in January 2016, the portfolio was expanded with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd.
In May 2016, an additional exploration asset was acquired when the Company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition was completed in February 2017 and a drilling programme completed in 2017 resulted in a significant upgrade of the resource.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and is currently working to bring this into operation in 2019.