Last checked at 31 Aug 2018 07:00
31 August 2018
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Total Voting Rights
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, announces that following the issue of the 6,500,000 new ordinary shares during the month ended 31 August 2018, the total issued share capital of the Company at the date of this announcement comprises 1,382,693,127 ordinary shares of 0.1p each, with one voting right per share. The Company does not hold any ordinary shares in treasury. The total number of ordinary shares and voting rights in the Company is therefore 1,382,693,127.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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 | |||
Laura Harrison | |||
Yellow Jersey PR | +44 (0) 20 3735 8825 | ||
Financial PR | |||
Charles Goodwin | +44 (0) 7747 788 221 | ||
Joe Burgess | +44 (0) 7769 325 254 |
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Henry Wilkinson | +44 (0) 7951 402 336 |
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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 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 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.