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Strategic Minerals optimistic as copper price rises

Last updated: 09:19 20 Mar 2024 EDT, First published: 09:41 15 Apr 2021 EDT

Snapshot

  • Strategic Minerals opens higher on the Duchy of Cornwall deal
  • Strategic Minerals and Cornwall Resources secure groundbreaking deal with Duchy of Cornwall
copper wire

About the company

Strategic Minerals PLC is a 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.

How it is doing

20 Mar 2024

Shares in Strategic Minerals PLC (AIM:SML, OTC:SMCDF) opened 12% following the announcement of a significant expansion in its mineral rights within the Tamar Valley Mining District, courtesy of a deal with the Duchy of Cornwall.

Through its subsidiary, Cornwall Resources Ltd (CRL), the company has secured an Exclusivity and Prospecting Agreement, granting it exclusive rights over more than 6,427 hectares, effectively quadrupling its footprint to 87.95 km².

The agreement, commencing on April 1, offers an initial three-year exclusive exploration period with an option for extension.

At 10.05 am, the stock had given up those early gains to trade flat at 0.22p.

20 Mar 2024

Strategic Minerals PLC (AIM:SML, OTC:SMCDF) has "materially strengthened" its mineral rights footprint in the Tamar Valley Mining District in a deal with the Duchy of Cornwall.

It has done so through its subsidiary Cornwall Resources Ltd (CRL), which has inked an Exclusivity and Prospecting Agreement.

07 Mar 2024

Strategic Minerals PLC (AIM:SML, OTC:SMCDF) said sales from its Cobre iron ore tailings operation in New Mexico hit a 6-year monthly high in February.

To help cope with the demand, SML’s subsidiary Southern Minerals Group is now acquiring a Caterpillar Excavator (Trackhoe 320) as volume increases.

What management says

20 Mar 2024

Strategic Minerals PLC (AIM:SML, OTC:SMCDF) executive director Peter Wale and Dennis Rowland, project manager at subsidiary Cornwall Resources, join Proactive's Stephen Gunnion with news of a groundbreaking mineral rights deal with the Duchy of Cornwall, marking a first of its kind in modern times.

The agreement enhances the prospects for mining in Cornwall, expanding Cornwall Resources'' mineral rights by four times and covering a wide range of minerals including tin, tungsten, copper, and silver.

Rowland, with a background in geology and extensive experience in mining exploration and development, detailed ongoing projects and the strategic importance of the new mineral rights agreement.

Strategic Minerals and Cornwall Resources secure groundbreaking deal with...

Strategic Minerals PLC (AIM:SML, OTC:SMCDF) executive director Peter Wale and Dennis Rowland, project manager at subsidiary Cornwall Resources, join Proactive's Stephen Gunnion with news of a groundbreaking mineral rights deal with the Duchy of Cornwall, marking a first of its kind in modern...

1 week, 1 day ago