REG - Strategic Minerals - Result of General Meeting

Strategic MineralsAnnouncement

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RNS Number : 2863H  Strategic Minerals PLC  02 May 2025

2 May 2025

Strategic Minerals Plc

("Strategic Minerals" or the "Company")

 

Result of General Meeting

 

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral
exploration and production company, is pleased to announce that at the
Company's General Meeting held earlier today, the special resolution to
approve the issue and allotment of the 333,333,333 new ordinary shares of 0.1
pence each in the Company (the "Placing Shares") pursuant to the placing
announced on 16 April 2025 was duly passed.

 

Proxy voting results

 

 For          %       Against    %      Withheld   Total Cast
 485,169,875  99.48%  2,527,575  0.52%  8,667,190  496,364,640

 

 

Admission and Total Voting Rights

 

Application has been made to the London Stock Exchange for the 333,333,333
Placing Shares to be admitted to trading on AIM ("Admission"). Each of these
shares will rank pari passu with the Company's existing ordinary shares.
Admission is expected to occur and dealings are expected to commence at 8.00
a.m. on 6 May 2025.

 

Following Admission, the total number of ordinary shares in the capital of the
Company in issue will be 2,349,297,949 with voting rights. This figure may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company's issued share capital pursuant to the
Company's Articles.

 

 

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:                       @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 Joint 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)

 

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 Compliant
(2012) 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 a
copper rich belt of South Australia. In April 2025, the Company signed a
non-binding Heads of Agreement to sell the Leigh Creek Copper Mine.

 

 

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