REG - Strategic Minerals - Director/PDMR Shareholding

Strategic MineralsAnnouncement

27/01/2022 10:05

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RNS Number : 8551Z  Strategic Minerals PLC  27 January 2022

 

27 January 2022

Strategic Minerals plc

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

Director Dealing

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company
actively developing projects prospective for battery materials, announces that
it was informed today by John Peters (Managing Director), of his purchase of
2,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a
price of 0.2975p per share.

Following these transactions, Mr Peters interest in Ordinary Shares is as
follows:

 

 Director                         Ordinary Shares Purchased  Resultant Shareholding  % of Issued Share Capital
 John Peters (Managing Director)  2,000,000                  76,000,000              3.76%

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                          John Peters

 2    Reason for the notification

 a)   Position/status

                                                                   1.    Managing Director

 b)   Initial notification /Amendment

                                                                   Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name

                                                                   Strategic Minerals Plc

 b)   LEI

                                                                   213800DICA5NPVOJT776

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  ordinary shares of 0.1p each

      Identification code                                          ISIN: GB00B4W8PD74

 b)   Nature of the transaction

                                                                   Purchase of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.2975 pence      2,000,000

 d)   Aggregated information

      - Aggregated volume

Price(s)      Volume(s)
                                                                   0.2975 pence  2,000,000

 

      - Price

 e)   Date of the transaction                                      26 January 2022

 f)   Place of the transaction                                     XLON

 

 

- Price

e)

 

Date of the transaction

 

 

26 January 2022

f)

 

Place of the transaction

 

 

XLON

 

 

 

 For further information, please contact:

 Strategic Minerals plc                                   +61 (0) 414 727 965
 John Peters
 Managing Director
 Website:               www.strategicminerals.net (http://www.strategicminerals.net/)
 Email:                 info@strategicminerals.net (mailto:info@strategicminerals.net)

 Follow Strategic Minerals on:
 Vox Markets:           https://www.voxmarkets.co.uk/company/SML/
                        (https://www.voxmarkets.co.uk/company/SML/)
 Twitter:               @SML_Minerals (https://twitter.com/SML_Minerals)
 LinkedIn:              https://www.linkedin.com/company/strategic-minerals-plc
                        (https://www.linkedin.com/company/strategic-minerals-plc)

 SP Angel Corporate Finance LLP                           +44 (0) 20 3470 0470
 Nominated Adviser and Broker
 Matthew Johnson
 Ewan Leggat
 Charlie Bouverat

 

Notes to Editors

Strategic Minerals plc is an AIM-quoted, profitable 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 drilling programme 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 June 2020.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper
Mine situated in the copper rich belt of South Austra lia and brought the
project temporarily into production in April 2019. The project has been
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.

 

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