REG - Strategic Minerals - Exercise of Warrants and Total Voting Rights

Strategic MineralsAnnouncement

19/11/2025 16:30

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RNS Number : 2377I  Strategic Minerals PLC  19 November 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018.

 

19 November 2025

 

 

Strategic Minerals PLC

("Strategic Minerals" or the "Company")

Exercise of Warrants and Total Voting Rights

 

Strategic Minerals PLC (AIM: SML; USOTC: SMCDF), an international mineral
exploration and production company, announces that it has received notice of
exercise in respect of 20,000,000 new ordinary shares of £0.001 each
("Ordinary Shares") with an exercise price of £0.005 each, resulting in the
Company receiving consideration of £100,000.

 

Admission and Total Voting Rights

 

Application has been made to the London Stock Exchange PLC for the admission
of 20,000,000 new Ordinary Shares to trading on AIM ("Admission"), which is
expected to take place at 8.00 a.m. on or around 25 November 2025.

 

Following Admission, the Company will have 2,369,297,949 Ordinary Shares in
issue. The total number of voting rights is 2,369,297,949. Therefore, this
figure may be used by shareholders in the Company as the denominator for the
calculation by which they may determine if they are required to notify their
interest in, or change to their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.

 

 For further information, please contact:

 Strategic Minerals plc                                                    +44 (0) 207 389 7067
 Mark Burnett
 Executive Director
 Website:                  www.strategicminerals.net (http://www.strategicminerals.net/)
 Email:                    info@strategicminerals.net (mailto:info@strategicminerals.net)

 Follow Strategic Minerals on:
 X:                        @StrategicMnrls (https://x.com/StrategicMnrls)
 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/ Charlie Bouverat/Grant Barker                            +44 (0) 203 829 5000

 Zeus Capital Limited

 Joint Broker

 Harry Ansell/Katy Mitchell

 Vigo Consulting                                                           +44 (0) 207 390 0234
 Investor Relations
 Ben Simons/Peter Jacob/Anna Sutton
 Email:                    strategicminerals@vigoconsulting.com
                           (mailto:strategicminerals@vigoconsulting.com)

 

Notes to Editors

About Strategic Minerals plc

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing
minerals company, actively developing strategic projects in the UK, United
States and Australia.

In 2019, the Company completed the 100% acquisition of Cornwall Resources
Limited and the Redmoor Tungsten-Tin-Copper Project.

The Redmoor Project is situated within the historically significant Tamar
Valley Mining District in Cornwall, United Kingdom, with a JORC (2012)
Compliant Inferred Mineral Resource Estimate published 14 February 2019:

 Cut-off (SnEq%)          Tonnage (Mt)  WO(3)  Sn    Cu    Sn Eq(1)  WO(3) Eq

                                        %      %     %     %         %
 >0.45 <0.65              1.50          0.18   0.21  0.30  0.58      0.41
 >0.65                    10.20         0.62   0.16  0.53  1.26      0.88
 Total Inferred Resource  11.70         0.56   0.16  0.50  1.17      0.82

1 Equivalent metal calculation notes: Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x
0.40. WO(3)(EQ)% = Sn% x 0.7 + WO(3) + Cu% x 0.28.  Commodity price
assumptions: WO₃ US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t.  Recovery
assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu
recovery 85% and payability assumptions of 81%, 90% and 90% respectively

More information on Cornwall Resources can be found at:
https://www.cornwallresources.com (https://www.cornwallresources.com)

In September 2011, Strategic Minerals acquired the distribution rights to the
Cobre magnetite project in New Mexico, USA, through its wholly owned
subsidiary Southern Minerals Group.  Cobre has been in production since 2012
and continues to provide a sustainable revenue stream for the Company.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper
Mine situated in the copper rich belt of South Australia.  The Company has
entered into an exclusive Call Option with South Pacific Mineral Investments
Pty Ltd trading as Cuprum Metals to acquire 100% of the project.

 

 

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