Strategic Minerals PLC Result of AGM (9893R)

TIDMSML

RNS Number : 9893R

Strategic Minerals PLC

20 June 2018

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Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

20 June 2018

Strategic Minerals plc

("Strategic Minerals", "SML" or the "Company")

Result of AGM

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a diversified mineral production and development company, is pleased to announce that at the Annual General Meeting held yesterday all resolutions were duly passed.

 
 
For further information, please contact: 
                                                         [phone] 
 Strategic Minerals plc                                  965 
John Peters 
Managing Director 
www.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 
 
                                                       [phone] 
SP Angel Corporate Finance LLP                          0470 
Nominated Adviser and Broker 
Ewan Leggat 
Laura Harrison 
 
                                                       [phone] 
Yellow Jersey PR                                        8825 
Financial PR 
                                                       [phone] 
Charles Goodwin                                         221 
                                                       [phone] 
Joe Burgess                                             254 
                                                       [phone] 
Henry Wilkinson                                         336 
 
 

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, operating minerals company actively developing projects prospective for battery materials. It has an operation in the United States of America and 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 being sought in the burgeoning electric vehicle/battery market.

In September 2011, Strategic Minerals acquired 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 orientated to supplying the burgeoning electric vehicle/battery market.

In January 2016, the portfolio was expanded with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd.

In May 2016, an additional exploration asset was acquired when the Company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition was completed in February 2017 and a drilling programme completed in 2017 resulted in a significant upgrade of the resource.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and is currently working to bring this into operation in 2019.

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June 20, 2018 05:01 ET (09:01 GMT)