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Strategic Minerals Information
Share Price Information for Strategic Minerals (SML)
Share Price is delayed by 15 minutes
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Share Price:
0.165
Bid:
0.10
Ask:
0.20
Change:
0.015 (10.00%)
Spread:
0.10 (100.00%)
Open:
0.15
High:
0.165
Low:
0.165
Prev. Close:
0.15
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Don't have an account? Click here to register.Strategic Minerals raises ?0.9m ahead of Cornwall Resources transaction
Tue, 25th Jun 2019 12:30
(Sharecast News) - Producing mineral company Strategic Minerals has raised £0.89m before expenses by way of a placing and subscription of 63,571,425 new ordinary shares at a price of 1.4p each, it announced on Tuesday.The AIM-traded firm said the proceeds of the placing would be used primarily to facilitate the closing of the purchase of the balance of shares in Cornwall Resources (CRL), as well as to provide working capital for the Leigh Creek Copper Mine project.It said the placing remained conditional on admission of the new ordinary shares to trading on AIM.The company said the placing was supported by its largest existing shareholder, the Manners family, with participation by three directors, two employees and a consultant.It explained that the placing was required to allow the intended reorganisation of funding for the CRL acquisition.The proceeds of the placing were primarily intended to partially fund the settlement of the CRL transaction, which the firm said it intended to settle on 27 June, albeit with alternate funding arrangements currently being finalised.It added that the proceeds would also be used to provide working capital for the Leigh Creek Copper Mine project, which was expected to deliver "significant" cash flow following the full restart of production, expected in the first quarter of 2020.Management said it still considered that payment of $4.07m, owed to the company by the major Cobre client, was "imminent" and could be received "at any time"."This modest placing has been undertaken as we await the anticipated receipt of over $4m from the Cobre client," said Strategic Minerals chairman Alan Broome."SML appreciates the continued backing of our largest shareholder, as well as from another large, existing investor."The remaining participants in the placing consisted of the board and the wider SML team."Broome said the board considered all participants to the fund raise were likely to be long term shareholders, cognisant of the expected future value of the company."We remain in close contact with our Cobre client and believe payment may occur at any time."However, we are carefully preparing to progress a claim for substantial potential lost profits, should payment not be forthcoming in the near future."
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29 Dec 2022 07:43
Strategic Minerals expects new PEPR lodgement to be faster than before
(Alliance News) - Strategic Minerals PLC on Thursday said that its subsidiary, Leigh Creek Copper Mine Pty Ltd, has lodged an application for a new Program for Environmental Protection & Rehabilitation with South Australia's Department of Energy & Mining.
Read more24 Oct 2022 07:25
Strategic Minerals price increases boost revenue from Cobre project
(Alliance News) - Strategic Minerals PLC on Thursday said price increases in July had boosted quarterly revenue, as it hoped for government funding for its Redmoor project.
Read more20 Oct 2022 17:24
Strategic Minerals positive after recent price increases
(Sharecast News) - Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the September quarter on Thursday, reporting that July price increases boosted revenue to $0.653m, up from $0.607m year-on-year.
Read more21 Sep 2022 15:03
EARNINGS SUMMARY: Ten Entertainment resumes payout on swing to profit
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Read more14 Sep 2022 11:18
IN BRIEF: Strategic Minerals finds new areas of mineralisation at DDC
Strategic Minerals PLC - London-based exploration and production company - Posts update on its Deep Digital Cornwall project via its wholly-owned subsidiary Cornwall Resources Ltd. Says "new areas of mineral prospectivity for tin and tungsten" found in DDC soil sampling results. Finds 1% tin, or 1.1% tin equivalent in soil sample DDC001275. Explains the project is entering its second and final phase.
Read more20 Jul 2022 10:54
IN BRIEF: Strategic Minerals posts lower Cobre sales, cash balance
Strategic Minerals PLC - London-based exploration and production company - Posts lower sales at its Cobre magnetite operation in New Mexico and cash balance falls.
Read more29 Jun 2022 21:29
TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more29 Jun 2022 15:56
UK shareholder meetings calendar - next 7 days
| Thursday 30 June | |
| 3i Group PLC | AGM |
| Ashtead Technology Holdings PLC | AGM |
| Borders & Southern Petroleum PLC | AGM |
| Caspian Sunrise PLC | AGM |
| Cobra Resources PLC | AGM |
| Crimson Tide PLC | AGM |
| ECSC Group PLC | AGM |
| Evraz PLC | AGM |
| Gresham House Energy Storage Fund PLC | AGM |
| GRIT Investment Trust PLC | AGM |
| Gulf Marine Services PLC | AGM |
| Hamak Gold Ltd | AGM |
| Hemogenyx Pharmaceuticals PLC | AGM |
| Immotion Group PLC | AGM |
| Inspiration Healthcare Group PLC | AGM |
| Inspired PLC | AGM |
| Jadestone Energy PLC | AGM |
| Kanabo Group PLC | AGM |
| Kropz PLC | AGM |
| Likewise Group PLC | AGM |
| Live Co Group PLC | AGM |
| Location Sciences Group PLC | AGM |
| LoopUp Group PLC | AGM |
| M&C Saatchi PLC | AGM |
| Microsaic Systems PLC | AGM |
| Nostra Terra Oil & Gas Co | AGM |
| Pathfinder Minerals PLC | AGM |
| Playtech PLC | AGM |
| Primorus Investments PLC | AGM |
| Rockfire Resources PLC | AGM |
| Roquefort Therapeutics PLC | AGM |
| Sanne Group PLC | AGM |
| Scottish Mortgage Investment Trust PLC | AGM |
| Serica Energy PLC | AGM |
| Supply@ME Capital PLC | AGM |
| Surface Transforms PLC | AGM |
| Synairgen PLC | AGM |
| Tower Resources PLC | AGM |
| Trainline PLC | AGM |
| ValiRx PLC | AGM |
| Victoria Oil & Gas PLC | AGM |
| Watchstone Group PLC | AGM |
| Friday 1 July | |
| All Star Minerals PLC | GM re name change to Marula Mining |
| Monday 4 July | |
| Active Energy Group PLC | AGM |
| Clean Invest Africa PLC | AGM |
| Securities Trust of Scotland PLC | AGM |
| Tuesday 5 July | |
| Immediate Acquisition PLC | AGM |
| Marks & Spencer Group PLC | AGM |
| Open Orphan PLC | AGM |
| Saga PLC | AGM |
| Smartspace Software PLC | AGM |
| Young & Co's Brewery PLC | AGM |
| Wednesday 6 July | |
| Assura PLC | AGM |
| ContourGlobal PLC | GM re acquisition by KKR |
| GSK PLC | GM re Consumer Healthcare demerger, Haleon listing |
| Mining Minerals & Metals PLC | AGM |
| PCF Group PLC | GM re director allotment authority |
| Puma Alpha VCT PLC | AGM |
| Shires Income PLC | AGM |
| Sirius Real Estate Ltd | AGM |
| Strategic Minerals PLC | AGM |
| Worldwide Healthcare Trust PLC | AGM |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |
10 Jun 2022 09:24
Strategic Minerals annual profit halves; confident in resource prices
(Alliance News) - Strategic Minerals PLC on Friday reported a lower profit in 2021, as revenue fell.
Read more22 Apr 2022 15:17
TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News:
Read more22 Apr 2022 09:58
Strategic Minerals quarter marred by weaker January
(Sharecast News) - Strategic Minerals updated the market on the Cobre magnetite operation in New Mexico on Friday, reporting that sales to the project's largest client returned to "normal levels" in February and March.
Read more21 Apr 2022 13:11
Strategic Minerals gets 10-year extension to Redmoor licence
(Sharecast News) - Strategic Minerals announced on Thursday that its wholly-owned subsidiary Cornwall Resources (CRL) has signed a 10-year extension to its Redmoor exploration licence agreement.
Read more28 Mar 2022 18:14
IN BRIEF: Strategic Minerals gains extended access to Cobre stockpile
Strategic Minerals PLC - London-based exploration and production company - Gains extension to access to the magnetite stockpile in New Mexico from the recently announced rollover to March 31, 2023 until March 31, 2027.
Read more3 Mar 2022 20:34
TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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