The last quarter saw record local sales at its iron ore tailings plan at Cobre in New Mexico, which is helping to funding exploration programmes for tin and tungsten in Cornwall and cobalt in Australia.
Strategic also recently signed up a new client at Cobre that it anticipates will double sales over the current year.
As a result, the company is now in a ‘cash generative’ phase said chairman Alan Broome and set to perform strongly.
That will mean a profitable 2017, he added, while the company is now in the healthy position of reviewing what to do with the incoming cash. At end March the cash position was US$695,000.
Other Proactive news stories:
MySQUAR Limited (LON:MYSQ) has seen one of the investors in its recent £2mln placing buy another chunk of shares, but this time through the open market. Imperium Ltd purchased a further 30mln shares or 7.6% of the Myanmar-focused social media group.
Metal Tiger PLC (LON:MTR) said its private placement offering, run by Sprott Capital Partners has raised even more than expected, with gross proceeds of £4.85mln received by the closing date yesterday.
BOS GLOBAL HOLDINGS Limited (LON:BOS), the software developer focused on workplace productivity, said its cash and paper deal to acquire 40% of Call Design will complete on May 21. It follows the successful conclusion of a period of due diligence.
Thor Mining PLC (LON:THR) has reported zinc as well as further tungsten indications from latest drilling at its Pilot Mountain project in Nevada. At the Garnet target, tungsten mineralisation was sufficient for Thor to start to prepare an initial maiden resource.
Ithaca Energy Inc. (LON:IAE, CVE:IAE) told investors that the conditions of its cash takeover by Delek Group have now been satisfied. The cash offer - priced at C$1.95 per share - has been accepted by 70.3% of the company’s shares (not including the shares already owned by Delek).
Gaming Realms PLC (LON:GMR) has inked its first business-to-business licensing deals for its Slingo games. Agreements have been made with several operators that will bring Gaming Realms proprietary game library to the regulated New Jersey market.
Goldplat PLC (LON:GDP) overcame difficulties at its Ghanaian operations to post another set of solid quarterly production figures, compounding what has been a strong year of trading so far for the gold producer.
Tailings specialist NQ Minerals PLC (NEX:NQMI) is to take control of the mothballed Hellyer gold mine in Tasmania, Australia through a A$20mln (£11.8mln) deal that could see it in production within a year.
Sports and wellbeing-focused technology company GoTech Group PLC (LON:GUSC) saw its losses widen in the first half of its year, but said its products continue to be well-received and is confident in long-term growth.
NextEnergy Solar Fund Ltd (LON:NESF) has acquired six UK solar power projects worth £30.5mln in ‘investment value’. The assets are located in Dorset, Somerset, Oxfordshire, Hampshire, Berkshire and South Humberside, and comprise 28 megawatts of peak capacity.
PowerHouse Energy Group PLC (LON:PHE) has announced the completion of the first phase of the re-commissioning of the waste to energy company’s G3-UHt unit, with the successful production of gas from the system.
Mariana Resources Ltd (AIM:MARL) announced that it will issue and allot 1,977,812 new ordinary shares following the exercise of 1,977,812 warrants at 30p each.
Life sciences group Absent PLC (LON:ABZA) announces that its general meeting, held earlier today, saw all resolutions passed, clearing the way for its conditional placing to raise approximately £25mln.
Meanwhile, Touchstone Innovations Plc (LON: IVO) said it has invested £2.9mln in the placing by Absent, one of its portfolio companies.