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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Strategic Minerals Plc | AQSE:SML.GB | Aquis Stock Exchange | Ordinary Share | GB00B4W8PD74 | Ordinary shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.20 | 0.30 | 0.25 | 0.25 | 0.25 | 0.00 | 07:01:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSML
RNS Number : 4159G
Strategic Minerals PLC
18 July 2023
18 July 2023
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Result of AGM
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), is pleased to announce that at the Annual General Meeting held earlier today all resolutions put to shareholders were duly passed.
The Proxy votes were cast as follows:
Resolution For % Against % Withheld Total Cast 1 294,366,257 96% 10,798,669 4% 2,285,000 307,449,926 ------------ ---- ----------- ---- ------------ ------------ 2 247,176,759 80% 60,143,390 20% 129,777 307,449,926 ------------ ---- ----------- ---- ------------ ------------ 3 301,156,431 98% 3,898,718 1% 2,394,777 307,449,926 ------------ ---- ----------- ---- ------------ ------------ 4 163,679,855 53% 41,243,880 13% 102,526,191 307,449,926 ------------ ---- ----------- ---- ------------ ------------ 5 256,938,536 84% 45,261,390 15% 5,250,000 307,449,926 ------------ ---- ----------- ---- ------------ ------------ 6 258,538,536 84% 43,661,390 14% 5,250,000 307,449,926 ------------ ---- ----------- ---- ------------ ------------ For further information, please contact: +61 (0) 414 727 Strategic Minerals plc 965 John Peters Managing Director Website: www.strategicminerals.net Email: info@strategicminerals.net Follow Strategic Minerals on: Vox Markets: https://www.voxmarkets.co.uk/company/SML/ Twitter: @SML_Minerals LinkedIn: https://www.linkedin.com/company/strategic-minerals-plc +44 (0) 20 3470 SP Angel Corporate Finance LLP 0470 Nominated Adviser and Broker Matthew Johnson Charlie Bouverat
Notes to Editors
Strategic Minerals plc is an AIM-quoted, operating minerals company actively developing projects tailored to materials expected to benefit from strong demand in the future. It has an operation in the United States of America along with development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals likely to be highly demanded in the future.
In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects aimed at supplying the metals and minerals likely to be highly demanded in the future.
In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. This was followed in 2018 with a 12-hole 2018 drilling programme has now been completed and the resource update that resulted was announced in February 2019. In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin/Tungsten project which was settled on 24 July 2019 by way of a vendor loan which was fully repaid on 26 September 2020.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and brought the project temporarily into production in April 2019. In July 2021, the project was granted a conditional approval by the South Australian Government for a Program for Environmental Protection and Rehabilitation (PEPR) in relation to mining of its Paltridge North deposit and processing at the Mountain of Light installation. In late September 2022, an updated PEPR, addressing the conditions associated with the July 2021 approval, was approved.
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RAGUWUSROBUBAAR
(END) Dow Jones Newswires
July 18, 2023 10:28 ET (14:28 GMT)
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