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

Published: 10:56 25 Jun 2019 BST

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.

Strategic Minerals kicks off 2024 with shot in the arm from returning client

Strategic Minerals PLC (AIM:SML, OTC:SMCDF) Managing Director John Peters speaks to Thomas Warner from Proactive after the minerals company announced the return of sales to a major client from the company's Cobre operations, marking a positive shift after a 14-month hiatus. This client's...

on 19/1/24