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Strategic Minerals to take full ownership of Redmoor

Strategic Minerals PLC (LON:SML) managing director John Peters and executive director Peter Wale talk Proactive London's Andrew Scott through their decision to acquire 100% of the Redmoor tin and tungsten project in Cornwall.

SML's entered into arrangements with New Age Exploration Limited to buy its entire 50% shareholding for a maximum consideration of £2.66 mln.

The money will be payable in three stages.

Quick facts: Strategic Minerals PLC

Price: 0.425 GBX

AIM:SML
Market: AIM
Market Cap: £7.37 m
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