REG - Strategic Minerals - Grant of Options
13/02/2026 07:00
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RNS Number : 8571S Strategic Minerals PLC 13 February 2026
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.
13 February 2026
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Grant of Options
Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral
exploration and production company, announces it has granted share options
over a total of 88,675,000 new ordinary 0.1p shares in the Company ("Share
Options") in recognition of significant contributions to recent progress for
the benefit of shareholders, and to support the long-term incentivisation and
retention of key personnel as the Redmoor Tungsten-Tin-Copper Project
("Redmoor") advances towards development.
The Share Options have been granted to certain existing employees of Cornwall
Resources Limited, the Company's wholly owned subsidiary, which is advancing
Redmoor, and to Directors and advisers of the Company.
The Share Options have an exercise price of 3.5 pence, representing a 33%
premium to the 30-day volume weighted average price preceding this
announcement.
The Share Options have a term of 5 years and will vest in two tranches, with
50% becoming exercisable after one year from the date of grant and the
remaining 50% after two years, provided each recipient remains an employee of
the Company at the time of vesting.
Schedule of Share Options granted to Directors
Director Role Date Of Number of Share Options Granted Total Options Held
Grant
Charles Manners Executive Chair 12 February 2026 25,000,000 75,000,000
Mark Burnett Executive Director 12 February 2026 25,000,000 95,000,000
Philip Haydn-Slater Non-Executive Director 12 February 2026 10,000,000 10,000,000
Following the grant of Share Options there are a total of 233,675,000 share
options in issue representing 8.70% of the current issued share capital of the
Company.
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.
PDMR Notification
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Burnett
2 Reason for the notification
a) Position/status Executive 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 Options over new ordinary shares of £0.001 each in the Company
Identification code ISIN: GB00B4W8PD74
b) Nature of the transaction Grant of options over new ordinary shares of 0.1 pence each in the Company
c) Price(s) and volume(s) Exercise price: 3.5 pence
Volume: 25,000,000
d) Aggregated information
- Aggregated volume 25,000,000 Share Options
- Price Exercise price: 3.5 pence
e) Date of the transaction 12 February 2026
f) Place of the transaction Off Market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Charles Manners
2 Reason for the notification
a) Position/status Executive Chair
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 Options over new ordinary shares of £0.001 each in the Company
Identification code ISIN: GB00B4W8PD74
b) Nature of the transaction Grant of options over new ordinary shares of 0.1 pence each in the Company
c) Price(s) and volume(s) Exercise price: 3.5 pence
Volume: 25,000,000
d) Aggregated information
- Aggregated volume 25,000,000 Share Options
- Price Exercise price: 3.5 pence
e) Date of the transaction 12 February 2026
f) Place of the transaction Off Market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Philip Haydn-Slater
2 Reason for the notification
a) Position/status Non-Executive 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 Options over new ordinary shares of £0.001 each in the Company
Identification code ISIN: GB00B4W8PD74
b) Nature of the transaction Grant of options over new ordinary shares of 0.1 pence each in the Company
c) Price(s) and volume(s) Exercise price: 3.5 pence
Volume: 10,000,000
d) Aggregated information
- Aggregated volume 10,000,000 Share Options
- Price Exercise price: 3.5 pence
e) Date of the transaction 12 February 2026
f) Place of the transaction Off Market
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