Proactive Investors - Run By Investors For Investors

Strategic Minerals boss says project switch creates better return for shareholders

Strategic Minerals (LON:SML) has moved away from bulk metals like iron and coal, securing an option to acquire up to 50% of an Australian firm with nickel and rare earth exploration potential.

John Peters, executive chairman, said: “This opportunity came along in a sector that we believe has good medium and long-term prospects.”

In a separate statement, the group said it had stopped activity on its Tatu coal project in New Zealand to concentrate on this new project.

Meet Rambler Metals and Mining PLC, Caledonia Mining Corporation, Medgold Resources Corp and Bushveld Minerals Limited at our event, London, 06 April 2017. Register here »
Why Invest In Strategic Minerals? Read More Here

Register here to be notified of future Strategic Minerals articles
View full SML profile

Strategic Minerals Timeline

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.