REG - Strategic Minerals - Result of AGM

Strategic MineralsAnnouncement

06/07/2022 15:00

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RNS Number : 5703R  Strategic Minerals PLC  06 July 2022

 

06 July 2022

Strategic Minerals plc

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

Result of AGM

 

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing
mineral company, is pleased to announce that at the Annual General Meeting
held earlier today all resolutions put to shareholders were duly passed on a
poll.

The votes were cast as follows:

 Resolution
             For            %       Against        %       Withheld                                Total cast
 1           185,927,554    88.26%    24,736,919   11.74%        315,000                           210,664,473
 2            183,099,000   86.93%    27,528,526   13.07%        351,947                            210,627,526
 3            175,874,064   83.36%    35,105,409   16.64%                   -                       210,979,473
 4            170,336,109   80.75%    40,616,559   19.25%          26,805                           210,952,668
 5            167,424,926   80.26%    41,187,353   19.74%    2,367,194                              208,612,279

 

 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
 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 2018 drilling programme has now been completed 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 Australia and brought the
project temporarily into production in April 2019. The project has been
granted 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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