Strategic Minerals - Grant of Options
13/02/2026 07:00
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 Grant | Number of Share Options Granted | Total Options Held |
| 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 |
| For further information, please contact: | ||
| Strategic Minerals plc | +44 (0) 207 389 7067 | |
| Mark Burnett | ||
| Executive Director | ||
| Website: | www.strategicminerals.net | |
| Email: | info@strategicminerals.net | |
| Follow Strategic Minerals on: | ||
| X: | @StrategicMnrls | |
| LinkedIn: | 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 Joint Broker Harry Ansell/Katy Mitchell | +44 (0) 203 829 5000 | |
| Vigo Consulting | +44 (0) 207 390 0234 | |
| Investor Relations | ||
| Ben Simons/Peter Jacob/Anna Sutton | ||
| Email: | strategicminerals@vigoconsulting.com | |
| Cut-off (SnEq%) | Tonnage (Mt) | WO3 % | Sn % | Cu % | Sn Eq1 % | WO3 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 | 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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