Risers & Fallers: Eurasia Mining , Richoux , Papua Mining...
Main share price risers and fallers in London at 4pm
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 expands into mixed commodities
The array may be dizzying, but SML’s interests emanate from two deals sealed in the six months ended June.
Strategic Minerals agrees extension to Redmoor option
As reported in May, Strategic initially acquired roughly a 9% stake and had the option to increase that stake to 50%.
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Strategic Minerals sees sharply higher iron ore revenues
“Underlying sales are on the rise in Cobre with a new large client commencing shipments in August."
More exploration needed at Hanns Camp says Strategic
Three holes drilled confirmed nickel sulphide and platinum at the prospect.
Investments and investor services
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Strategic Minerals completes first stage of Cornish tin investment
Strategic has now bought 30,973 Redmoor shares at £3.39 per share, or around 9% of the issued capital
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Strategic Minerals raises funds to advance nickel and tungsten projects
Money is earmarked for Redmoor and Hanns Camp projects
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Strategic adds platinum to mix at Hanns Camp
The first hole indicated 14m averaging 0.8% nickel, while the third hole showed 0.66% also over 14m.
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Some of the main news-driven share price changes in London at 4.15pm
Strategic Minerals reports nickel signs from third hole at Hanns Camp
Drilling is being undertaken currently by Central Australian Rare Earths (CARE), in which Strategic has a 25.5% interest