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 has a diverse portfolio of assets
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Strategic Minerals says initial payment date for Cornwall Resources shareholding acquisition deferred to 27 June
The AIM-listed firm said the deferral agreed with New Age Exploration Limited (NAE) is to allow for the expected receipt of the funds from Cobre's major client, as previously announced
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Strategic Minerals says unit reaches agreement with major client at Cobre in relation to arrears to date and payments
The AIM-listed firm said the client has informed SMG that it anticipates having significant funds very shortly and has asked it to refrain from progressing legal action for two weeks
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