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Strategic Minerals raises £890,000 to help close Redmoor purchase

Strategic Minerals PLC's (LON:SML) John Peters speaks to Proactive London's Andrew Scott after announcing they'd raised £890,000 of new capital via a share placing.

The proceeds will be used primarily to close the purchase of shares in Cornwall Resources and to provide working capital for the Leigh Creek copper mine project.

Peters adds that he believes the US$4.06mln owed to the company by the major Cobre client is imminent and could be received at any time.

Quick facts: Strategic Minerals PLC

Price: 0.575 GBX

AIM:SML
Market: AIM
Market Cap: £8.44 m
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Strategic Minerals completes feasibility study for first stage of...

Strategic Minerals PLC's (LON:SML) John Peters updates on their operations at Leigh Creek, including the  results from a completed feasibility study on the first stage development at Paltridge North. Peters tells Proactive London's Andrew Scott that full scale production will start with...

12 hours, 6 minutes ago

2 min read