REG - Strategic Minerals - Result of AGM

Strategic MineralsAnnouncement

20/06/2018 10:05

RNS Number : 9893R
Strategic Minerals PLC
20 June 2018
 


Market Abuse Regulation (MAR) Disclosure
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:
 
Strategic Minerals plc


 
 
+61 (0) 414 727 965




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














SP Angel Corporate Finance LLP


+44 (0)20 3470 0470




Nominated Adviser and Broker








Ewan Leggat








Laura Harrison


















Yellow Jersey PR


+44 (0)20 3735 8825 




Financial PR








Charles Goodwin


+44 (0)7747 788 221




Joe Burgess


+44 (0)7769 325 254




Henry Wilkinson


+44 (0)7951 402 336








 
 
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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