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13 Feb 2026 07:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.
13 February 2026
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Grant of Options
Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, announces it has granted share options over a total of 88,675,000 new ordinary 0.1p shares in the Company ("Share Options") in recognition of significant contributions to recent progress for the benefit of shareholders, and to support the long-term incentivisation and retention of key personnel as the Redmoor Tungsten-Tin-Copper Project ("Redmoor") advances towards development.
The Share Options have been granted to certain existing employees of Cornwall Resources Limited, the Company's wholly owned subsidiary, which is advancing Redmoor, and to Directors and advisers of the Company.
The Share Options have an exercise price of 3.5 pence, representing a 33% premium to the 30-day volume weighted average price preceding this announcement.
The Share Options have a term of 5 years and will vest in two tranches, with 50% becoming exercisable after one year from the date of grant and the remaining 50% after two years, provided each recipient remains an employee of the Company at the time of vesting.
Schedule of Share Options granted to Directors
Director | Role | Date Of Grant | Number of Share Options Granted | Total Options Held |
Charles Manners | Executive Chair | 12 February 2026 | 25,000,000 | 75,000,000 |
Mark Burnett | Executive Director | 12 February 2026 | 25,000,000 | 95,000,000 |
Philip Haydn-Slater | Non-Executive Director | 12 February 2026 | 10,000,000 | 10,000,000 |
Following the grant of Share Options there are a total of 233,675,000 share options in issue representing 8.70% of the current issued share capital of the Company.
For further information, please contact: |
| |
Strategic Minerals plc | +44 (0) 207 389 7067 | |
Mark Burnett | ||
Executive Director | ||
Website: | www.strategicminerals.net | |
Email: | info@strategicminerals.net | |
| ||
Follow Strategic Minerals on: | ||
X: | @StrategicMnrls | |
LinkedIn: | https://www.linkedin.com/company/strategic-minerals-plc | |
SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 | |
Nominated Adviser and Broker | ||
Matthew Johnson/Charlie Bouverat/Grant Barker
Zeus Capital Limited Joint Broker Harry Ansell/Katy Mitchell | +44 (0) 203 829 5000 | |
|
| |
Vigo Consulting | +44 (0) 207 390 0234 | |
Investor Relations | ||
Ben Simons/Peter Jacob/Anna Sutton | ||
Email: | strategicminerals@vigoconsulting.com | |
Notes to Editors
About Strategic Minerals plc
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.
In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.
The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Resource Estimate published 14 February 2019:
Cut-off (SnEq%) | Tonnage (Mt) | WO3 % | Sn % | Cu % | Sn Eq1 % | WO3 Eq % |
>0.45 <0.65 | 1.50 | 0.18 | 0.21 | 0.30 | 0.58 | 0.41 |
>0.65 | 10.20 | 0.62 | 0.16 | 0.53 | 1.26 | 0.88 |
Total Inferred Resource | 11.70 | 0.56 | 0.16 | 0.50 | 1.17 | 0.82 |
1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity price assumptions: WO₃ US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively
More information on Cornwall Resources can be found at: https://www.cornwallresources.com
In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group. Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. The Company has entered into an exclusive Call Option with South Pacific Mineral Investments Pty Ltd trading as Cuprum Metals to acquire 100% of the project.
PDMR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name | Mark Burnett |
2
| Reason for the notification
| |
a)
| Position/status
| Executive Director |
b) | Initial notification /Amendment | Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a) | Name | Strategic Minerals Plc |
b)
| LEI
| 213800DICA5NPVOJT776 |
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 | Options over new ordinary shares of £0.001 each in the Company |
Identification code | ISIN: GB00B4W8PD74 | |
b)
| Nature of the transaction | Grant of options over new ordinary shares of 0.1 pence each in the Company |
c) | Price(s) and volume(s) | Exercise price: 3.5 pence Volume: 25,000,000
|
d)
| Aggregated information | |
- Aggregated volume | 25,000,000 Share Options | |
- Price | Exercise price: 3.5 pence | |
e) | Date of the transaction | 12 February 2026 |
f) | Place of the transaction | Off Market |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name | Charles Manners |
2
| Reason for the notification
| |
a)
| Position/status
| Executive Chair |
b) | Initial notification /Amendment | Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a) | Name | Strategic Minerals Plc |
b)
| LEI
| 213800DICA5NPVOJT776 |
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 | Options over new ordinary shares of £0.001 each in the Company |
Identification code | ISIN: GB00B4W8PD74 | |
b)
| Nature of the transaction | Grant of options over new ordinary shares of 0.1 pence each in the Company |
c) | Price(s) and volume(s) | Exercise price: 3.5 pence Volume: 25,000,000
|
d)
| Aggregated information | |
- Aggregated volume | 25,000,000 Share Options | |
- Price | Exercise price: 3.5 pence | |
e) | Date of the transaction | 12 February 2026 |
f) | Place of the transaction | Off Market |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name | Philip Haydn-Slater |
2
| Reason for the notification
| |
a)
| Position/status
| Non-Executive Director |
b) | Initial notification /Amendment | Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a) | Name | Strategic Minerals Plc |
b)
| LEI
| 213800DICA5NPVOJT776 |
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 | Options over new ordinary shares of £0.001 each in the Company |
Identification code | ISIN: GB00B4W8PD74 | |
b)
| Nature of the transaction | Grant of options over new ordinary shares of 0.1 pence each in the Company |
c) | Price(s) and volume(s) | Exercise price: 3.5 pence Volume: 10,000,000
|
d)
| Aggregated information | |
- Aggregated volume | 10,000,000 Share Options | |
- Price | Exercise price: 3.5 pence | |
e) | Date of the transaction | 12 February 2026 |
f) | Place of the transaction | Off Market |
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