REG - Strategic Minerals - Incentives Plan, Options Grant, PDMR Dealing

Strategic MineralsAnnouncement

15/08/2025 07:00

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RNS Number : 4330V  Strategic Minerals PLC  15 August 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.

 

15 August 2025

 

Strategic Minerals plc

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

Establishment of Incentives Plan, Grant of Options and PDMR Dealings

 

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral
exploration and production company, is pleased to announce the implementation
of a new Enterprise Management Incentives share option plan (the "EMI Plan")
to support the recruitment, retention and incentivisation of key employees
while aligning goals with the creation of long term shareholder value and
preserving cash in the short term.

Under the EMI Plan, the Company has today granted options over a total of 145
million new ordinary shares of £0.001 each in the Company at an exercise
price of £0.004 per share (each, an "Option"), representing approximately 6%
of the Company's issued share capital. To the extent not otherwise exercised,
lapsed or surrendered, the Options will lapse on the tenth anniversary of
grant, being 15 August 2035.

Each Option may only be exercised on satisfaction of the following conditions:

 Proportion of Option Shares  Date on which Option Shares become exercisable
 50%                          Upon share price trading above 0.5p per share for 30-day VWAP
 50%                          Upon publication of a new Mineral Resource Estimate

 

The following grants have been made to persons discharging managerial
responsibilities ("PDMRs"):

 Name             Position            Number of shares under Option (each, an "Option Share")  Exercise Price per Option Share
 Mark Burnett     Executive Director  70,000,000                                                0.4 pence
 Charles Manners  Executive Chairman  50,000,000                                               0.4 pence

 

Grants over the balance (amounting to 25 million shares) shall also be made to
two other qualifying employees under the EMI Plan.

 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

 Zeus Capital Limited                                                     +44 (0) 203 829 5000
 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)

 

 

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                                                         1.    Mark Burnett

                                                                   2.    Charles Manners
 2    Reason for the notification

 a)   Position/status                                              1.    Executive Director

                                                                   2.    Executive Chairman
 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 £0.001 each in the Company

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        1.    0.40 pence     70,000,000
                                                                                        2.    0.40 pence     50,000,000

 d)   Aggregated information

      - Aggregated volume                                          N/A single transaction as per 4 c) above.

      - Price

 e)   Date of the transaction                                      14 August 2025
 f)   Place of the transaction                                     Off Market

 

 

Notes to Editors

About Strategic Minerals Plc and Cornwall Resources Limited

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 acquired 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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