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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 and Cornwall Resources secure groundbreaking deal with...

Strategic Minerals PLC (AIM:SML, OTC:SMCDF) executive director Peter Wale and Dennis Rowland, project manager at subsidiary Cornwall Resources, join Proactive's Stephen Gunnion with news of a groundbreaking mineral rights deal with the Duchy of Cornwall, marking a first of its kind in modern...

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