Strategic Minerals Regulatory News (SML)

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.

28 July 2020

Strategic Minerals plc

("Strategic Minerals", "SML" or the "Company")

Result of AGM

Strategic Minerals plc (AIM: SML), a diversified mineral production and development company actively developing projects prospective for battery metals, is pleased to announce that at the Annual General Meeting held earlier today all resolutions put to shareholders were duly passed.

The votes were cast as follows:

Resolution 1: Receive and adopt the Company's financial statements for the period ended 31 December 2019.Votes - For 75,059,258, Against Nil, Withheld 20,000, Total 75,079,258

Resolution 2: Re-Appointment of Director (Mr Jeffrey Harrison).Votes- For 74,074,220, Against 1,005,038, Withheld Nil, Total 75,079,258

Resolution 3: Appoint of Auditors (BDO LLP) and authority to determine their remuneration.Votes- For 74,114,592, Against 964,666, Withheld Nil, Total 75,079,258

Resolution 4: Authority to Allot Shares.Votes- For 71,809,220, Against 3,270,038, Withheld Nil, Total 75,079,258

Resolution 5: Disapplication of Pre-exemption Rights.Votes- For 65,669,355, Against 3,270,038, Withheld 6,139,865, Total 75,079,258 

Additionally, the Company has conducted a video interview providing answers to shareholder questions submitted to the Company which can be accessed via the following link: https://tinyurl.com/SML2020 

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, operating minerals company actively developing projects prospective for battery materials. It has an operation in the United States of America and Australia along with 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 electric vehicle/battery market.

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects.

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 prospective for cobalt, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In September 2018, the Company entered contracts for the sale of certain CARE tenements identified as gold targets.

In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. This was followed in 2018 with a 12-hole 2018 drilling programme has now been completed and the resource update that resulted was announced in February 2019. In 2019, the Company acquired the balance of the project.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia.