Company
Strategic Minerals PLC
LON:SML
Strategic Minerals is an AIM-quoted minerals explorer and producer. Its primary focus is accelerating the development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK. Redmoor is Europe’s highest grade undeveloped tungsten deposit and the second highest globally. Strategic Minerals’ strategy is to develop Redmoor into a leading source of critical and strategic minerals to provide resilience to western supply chains. Strategic Minerals is also underpinned by a revenue generating asset, with long-term distribution rights to the Cobre magnetite stockpile in New Mexico, USA which has been in production since 2012.
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Strategic Minerals profits higher as price rises come through
In July, Cobre customer sales prices progressively increased by 20%
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Today's Market View - Strategic Minerals, and more...
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Strategic Minerals applies to handle transitional ore at Leigh Creek
"Lodgement of the PEPR for treatment of transitional ores at Paltridge North represents the next step in the expected re-opening of operations"
Strategic Minerals sees revenue rise after Cobre price increase
Quarterly revenue at Cobre improved to US$0.653mln
Strategic Minerals eyes Leigh Creek restart by year-end
Restarting Leigh Creek would improve cash flow and profitability "dramatically," the group said
Strategic Minerals encouraged by Cornwall project data
Some 1,702 samples were collected with the best result 1.06% tin equivalent
Strategic Minerals upbeat on expected demand for Cobre magnetite
A planned 20% increase in prices to be phased in over the next six months has not affected demand in early July
Strategic Minerals jumps on environmental permit approval for Leigh Creek
It is required to provide monitoring reports and to observe identified areas of historical significance to indigenous communities
Strategic Minerals says plans validated by surge in metal prices
Commodity prices, especially for copper and tin, have shown growth
Strategic Minerals says Cobre sales back at normal levels
The company is now "on a solid cash flow footing for the years ahead", John Peters, managing director said
Strategic Minerals extends Cornwall licence until 2037
A 25-year mining lease option also remains in place
Strategic Minerals gets extended access to magnetite stockpile
The extension gives long-term cashflow and potential lift to sales, the company said
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Strategic Minerals gets access to Cobre for tenth consecutive year
“Given our close relationship with the mine owner, the rollover was expected"
Strategic Minerals reports fall in Cobre sales but expects Leigh Creek to begin production in coming months
A profit is expected to be reported for the group for 2021, subject to audit, with annual sales revenue from Cobre of US$2.61mln
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Strategic Minerals lodges revised environmental program for Leigh Creek copper mine
Evaluation work carried out for the application provided an additional boost for the project as it identified that some waste rock has a low capacity to produce acid, meaning it can be combined with run-of-mine waste
Strategic Minerals looks at convertible for Leigh Creek funding
"The company is confident that 2022 will see the recommencement of production at Leigh Creek"
Strategic Minerals identifies more high-grade tin to the west of Redmoor deposit in Cornwall
The high tin grades were found at or near the surface
Strategic Minerals says magnetite sales from Cobre operation remain strong
"Cobre sales remain strong and the company continues to move its projects forward,” said managing director John Peters
Strategic Minerals PLC raises £400,000 for Leigh Creek and the Deep Digital Cornwall project
Strategic Minerals is supported by a long-standing cash-generative project in America
Strategic Minerals eyes early 2022 for Leigh Creek operations
Discussions are underway over a US$10mln loan facility with a global bank
Strategic Minerals PLC boosts profits in first half of 2021
Strategic Minerals has a diverse portfolio of assets
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Strategic Minerals encounters significant tin and tungsten mineralisation at Redmoor
Strategic Minerals is already generating profits from operations in North America
Strategic Minerals announces potential for partial recovery of arbitrated claim for US$21.9mln from CVI
"It is currently not possible for the company to quantify either the potential settlement amount, if any, or its likely timing," said managing director John Peters
Strategic Minerals reports solid production at Cobre operation
Sales over the twelve months were US$2.89mln with cash holdings rising slightly
Strategic Minerals gets conditional environmental approval at Leigh Creek
SML said that the conditions associated with the approval were expected
Strategic Minerals swings into profit as Cobre sales rise
The AIM-listed firm reported a pre-tax profit for 2020 of US$0.45mln, swinging from a loss of US$0.85mln in 2019, while sales at the Cobre site in New Mexico rose 20% during the year
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Strategic Minerals to seek ASX listing for Leigh Creek within a year
Debt funding of A$10mln is being sought to get the mine into production
Strategic Minerals optimistic as copper price rises
Strategic Minerals has a portfolio of projects in New Mexico, UK and Australia
Strategic Minerals says annual ore sales from Cobre operation rises 12%
Talks are continuing regarding the funding of the Leigh Creek copper mine in Australia and the Redmoor tin and tungsten project in Cornwall
Strategic Minerals secures ninth roll-over of profitable Cobre magnetite operations, updates on valuation boost at Leigh Creek
Strategic Minerals has a strong track record of cash generation from Cobre
Strategic Minerals initiates trenching and auger exploration with a view to extending the footprint at Redmoor
Strategic Minerals has a diverse portfolio of assets and is already generating cash from a US operation
Strategic Minerals secures funding award for Cornish project
Strategic Minerals has a diverse portfolio of assets, and is generating significant cash in the US
Strategic Minerals highlights strong quarterly sales from Cobre project
The mineral producer reported sales from the New Mexico magnetite project of US$747,000 in the final quarter of 2020, up from US$713,000 a year ago, while tonnage from the site increased to 12,845 tonnes from 12,202
Strategic Minerals raises £700,000, encouraged by rise in copper price
The company said it needs to renew equipment at the Cobre magnetite stockpile
Strategic Minerals cuts cost of likely development at Leigh Creek Copper project
Strategic Minerals is already producing profitably from operations in America
The renaissance of mining in South-West England continues apace, as Cornish Lithium, Strategic Minerals and Tungsten West all start to deliver
The UK mining industry looks set to make a comeback in its traditional home
Strategic Minerals enjoys considerable boost to magnetite production at Cobre
Strategic Minerals has a diverse portfolio of assets around the world
Strategic Minerals boosts economic potential of Redmoor with updated scoping study
Strategic Minerals has a diverse portfolio of assets across a variety of jurisdictions
Strategic Minerals books profit for six months to June, as Cobre operations shine
Strategic Minerals also has a copper asset in Australia
Strategic Minerals advances environmental permitting for Leigh Creek
There is an increased likelihood that 2021 will see the full-scale re-commencement of operations at Leigh Creek, according to the company's managing director, John Peters
Strategic Minerals to enhance mine project documentation as it advances toward 2021 start-up at Leigh Creek
The company sees significant cash flows during 2021 as the copper mine goes online
Strategic Minerals appoints Natural Resources Global Capital Partners to advise on options for Redmoor
Strategic Minerals has a diverse portfolio of mining assets
Strategic Minerals reports progress on many fronts during a strong second quarter
Strategic Minerals has assets in the US, the UK and Australia
Strategic Minerals repays loan for Redmoor project in Cornwall
The repayment of the NAE loan removes overhang issues said Strategic Minerals
Strategic Minerals eyes restart of Leigh Creek project copper mine
The producer and explorer said that it has the “timing luxury” to extract the maximum value from the investments
Strategic Minerals identifies Cobre litigant as CV Investments
CV Investment's principal Brenda Smith has been charged for running a Ponzi scheme in relation to her mutual funds operations
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Strategic Minerals completes fundraising to pay remaining balance of Redmoor acquisition
The company has raised the funds through a share placing and subscription and is also allowing existing investors to subscribe for up to 22.2mln new shares through a broker option
Strategic Minerals awarded US$21.9mln, as arbitration now moves to US District Court
The company says it is "heartened by the arbitrator's decision".
Strategic Minerals lodges draft environment protection and rehabilitation program for Leigh Creek copper mine
The company said the program was “an important step to full re-opening of operations and producing copper" at the South Australian project
Strategic Minerals keeps Cobre operations working through the coronavirus crisis
Cobre introduced social distancing measures early, which has allowed it to stay open
Strategic Minerals says Cobre operations uninterrupted by partial lockdown in New Mexico, USA
Strategic Minerals has assets in the UK, in Australia, and the USA
Strategic Minerals highlights cashflow from Cobre, benefits from “solid platform for future growth”
Work on Redmoor will largely be funded this year by holding company Cornwall Resources
Strategic Minerals in talks over finance options for key projects
Revenue currently comes from the Cobre iron ore tailings operation in New Mexico
Strategic Minerals receives £248,155 R&D rebate from UK tax authorities
The AIM-listed group received the payment in return for research work carried out on potential areas of mineralisation at its Redmoor project in Cornwall
Strategic Minerals says Leigh Creek feasibility study points to cash surplus of $30mln
Full scale production will begin at the lower risk Paltridge North deposit as a priority, said the company, which says it is in advanced discussions to secure funding
Magnetite sales rally at Strategic Minerals' Cobre stockpile
Rising magnetite demand led to a 26% hike in underlying sales in the last quarter, with tonnage up 23%
Strategic Minerals makes first payment for 50% stake in Redmoor project ahead of schedule
Payments of A$300,000 are to be made quarterly under a payments plan, with the next instalment due at the end o9f January
Strategic Minerals receives R&D-related funding
The loan, which funds a portion of the anticipated 2019 R&D Australian Tax Office payment, recognises works conducted at the Leigh Creek copper mine.
Strategic Minerals claims US$21mln in client dispute
The claim has been filed following a breakdown in negotiations
Strategic Minerals receives A$300,000 R&D grant from Australian government
The payment is in relation to works conducted at the Leigh Creek copper mine, which Strategic brought back into production in April
New Age Exploration settles sale of 50% stake in Redmoor Tin-Tungsten Project
Completion of the sale puts New Age in a strong financial position to focus on the development of its existing suite of projects.
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Strategic Minerals restructures purchase of Cornish tin mine venture
Partner New Age Exploration will now receive an upfront cash payment of A$300,000 for its 50% stake
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Strategic Minerals generates US$203,000 in free cash during the second quarter, looks to second revenue source from Leigh Creek soon
Strategic Minerals' balance sheet remains in good shape
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