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Proactive weekly mining news summary - Anglesey Mining, Strategic Minerals and more
A look at some of the stories from the mining sector this week
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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.
611 stories · page 25 of 31
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A look at some of the stories from the mining sector this week
A look at some notable risers and fallers on Friday morning
Shipments to the new client began in mid-August and have carried through into the December quarter
Immupharma among the small cap pharmas in focus on Wednesday, alongside Futura Medical, Horizon Discovery Group, and Summit Therapeutics.
Strategic Minerals said tenders had been put out for a two phase, 23 hole drilling programme.
Some of the main news-driven share price changes on Monday
Central Australia Rare Earths Pty Ltd will use the money to fund drilling and exploration works at its Mount Weld and Hanns Camp projects
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Just a day after outlining plans to bring in up to US$1.2bn of new funds, Sirius revealed on Thursday the process was ostensibly complete.
Companies covered: ANGLE, Berkeley Energia, Best of the Best, Deltex, Forbidden Technologies, Frontier IP, Iofina, Ironridge, ITM Power, LGO Energy, Netscientific, Redx, ServicePower, Strategic MineralsPLC
Strategic has announced an option with New Age Exploration Limited to take up to 50% of the Redmoor project
Broker Allenby Capital says there were only two admissions, well down on the 2016 average of six per month.
On the day Misys called off its planned flotation, Futura and Strategic Minerals found willing buyers for their shares.
Strategic sold 150mln new shares at 0.4p a pop to new and existing investors..
Pearson was hammered by investors, analysts and pretty much anybody on Monday after sales failed to pick up in the third quarter
Investments and investor services
FTSE 100 shares were dragged lower by education publisher Pearson on Monday which plunged as much as 11% after it reported falling sales amid "challenging" trading
FTSE 100 shares closed back above 7,000 level on Friday after Tesco’s (LON:TSCO) trolley was ahead throughout the session.
FTSE 100 shares closed near their nadir of the session on Wednesday, after US markets were unable to offer any respite from sterling hitting a 168-year low on continued Brexit woes
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear