Redcentric shares slip as it downgrades outlook for 2019
A look at some of the biggest risers and fallers in London on Friday
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' unit agrees amended contract with major client of its Cobre magnetite stockpile
The client is to pay Southern Minerals Group (SMG), quarterly in advance, a non-refundable prepayment of US$375,000 against future deliveries, with payments due in June, September and December 2018
FTSE 100 closes lower on day and week after lacklustre trading; miners weigh
Footsie closed out down around 23 points at 7,681 and was also down on the week as a whole, off around 0.26%
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Strategic Minerals says unit has agreed plan for magnetite supply arrangements with its largest customer
The AIM-listed firm noted that SMG’s client continues to progress its applications for environmental planning but has not, as yet, received approval
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Defenx chief executive to leave after just six months
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Strategic Minerals to kick off new drill programme at Redmoor next month
Strategic and its joint venture partner New Age Exploration believe Redmoor can be developed into a profitable mining operation, but they need to firm up their beliefs with more drilling
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FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
Strategic Minerals' profit soars; focus this year will be on developing new revenue stream
The last three years have seen an outstanding turnaround in profitability reflecting the mercurial sales growth in the company's US subsidiary, Southern Minerals Group
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Octagonal shares jump as subsidiary reports record earnings
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Strategic Minerals publishes plans for Leigh Creek, updates on Cobre contract
Mountain of Light’s processing plant will be refurbished as part of the programme
Strategic Minerals' plan comes together as Leigh Creek joins fold
Leigh Creek will add to the cash being generated by New Mexico-based iron ore business Cobre to fund exploration and development opportunities elsewhere.
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Quiz shares strut higher as annual revenues jump
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Strategic Minerals continues to see strong sales from Cobre project
The AIM-listed miner reported quarter sales of US$1.4mln on 21,635 tonnes, in line with management expectations