Strategic Minerals Plc
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- Strategic Minerals Plc (AIM: SML; OTC: SMCDF) explores, develops and produces strategic minerals including tungsten, tin, copper and magnetite. The company operates through key segments comprising Southern Minerals Group LLC, which processes and sells magnetite from a 700,000-tonne stockpile at the Cobre mine in New Mexico, USA, targeting annual sales of 48,000 tonnes and generating circa US$1.25 million in post-tax cash flow; Cornwall Resources Limited, which holds the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK, featuring a JORC Inferred Resource of 11.7 million tonnes at 1.17% tin equivalent with cash costs below £25 per tonne and advancing toward pre-feasibility; and the Leigh Creek Copper Mine in South Australia, a pre-production copper oxide project with a JORC Indicated Resource of 24,205 tonnes of copper acquired at under US$100 per tonne, supported by an in-place offtake agreement up to 300 tonnes per month. Strategic Minerals maintains additional exploration interests in nickel sulphides, rare earths and gold through Central Australian Rare Earths Pty Ltd in Western Australia and the Northern Territory, Australia. Founded in 2010 and headquartered at 27-28 Eastcastle Street, London, W1W 8DH, United Kingdom, the company serves industrial markets in North America, the UK and Australia, leveraging cash flows from Cobre to self-fund development while targeting metals with rising demand such as critical minerals tungsten and tin. Recent developments include the successful completion ahead of schedule and within budget of the 2025 diamond drilling campaign at Redmoor totalling 5,048.70 metres with exceptional high-grade results from holes CRD033 and CRD034b, positive Stage 1 metallurgical testwork yielding stage recoveries of 94.3% tungsten, 95.6% tin and 90.7% copper alongside 43.9% mass recovery to flotation feed, and an updated economic assessment due by end-Q1 2026 incorporating improved recoveries and metal prices; anticipation of full-year Cobre sales reaching US$4.5 million following access extensions; issuance of 20 million new ordinary shares expanding total issued capital to 2,369,297,949; and participation in London Mining Week 2025 events including co-hosting a tin-tungsten roundtable with Cornish Metals Plc.
Strategic Minerals boosted as it raises funds for Redmoor project
Strategic Minerals shares rise on stronger Redmoor drilling results
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Strategic Minerals soars on Cornwall drill holes
Strategic Minerals jumps 50% after 'spectacular quarter'
Strategic Minerals ups guidance as Cobre exceeds expectations
Strategic Minerals director hails "substantial amount of excellent work" at Redmoor Project
Strategic Minerals revenues recover as new contracts kick in
Strategic Minerals revenues recover as new contracts kick in
Strategic Minerals opens higher on the Duchy of Cornwall deal
Strategic Minerals says Duchy of Cornwall deal materially increases Tamar Valley footprint
Strategic Minerals sees Cobre sales at six-year high
Strategic Minerals lands second customer at Cobre
Strategic Minerals soars after renewing with major customer
Startegic Minerals says major client has returned with big iron ore order