Strategic Minerals expands into mixed commodities
The array may be dizzying, but SML’s interests emanate from two deals sealed in the six months ended June.
Company
LON:SML
Strategic Minerals is an AIM-quoted minerals explorer and producer. Its primary focus is accelerating the development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK. Redmoor is Europe’s highest grade undeveloped tungsten deposit and the second highest globally. Strategic Minerals’ strategy is to develop Redmoor into a leading source of critical and strategic minerals to provide resilience to western supply chains. Strategic Minerals is also underpinned by a revenue generating asset, with long-term distribution rights to the Cobre magnetite stockpile in New Mexico, USA which has been in production since 2012.
609 stories · page 6 of 7
The array may be dizzying, but SML’s interests emanate from two deals sealed in the six months ended June.
As reported in May, Strategic initially acquired roughly a 9% stake and had the option to increase that stake to 50%.
Archive
A look at the week's mining news from the small cap sector
Archive
Here we put the spotlight on Friday's market movers
“Underlying sales are on the rise in Cobre with a new large client commencing shipments in August."
Three holes drilled confirmed nickel sulphide and platinum at the prospect.
Investments and investor services
Investors have subscribed for 16.5mln Acorn Minerals shares at 15p a pop, raising the company £2.48mln. Shares rose to 13.25p.
Archive
A weekly round up of the mining news from the world of Proactive.
Strategic has now bought 30,973 Redmoor shares at £3.39 per share, or around 9% of the issued capital
Archive
Also covered: Avanti Communications, DP Poland, Kibo Mining, Savannah Petroleum, Strategic Minerals, ZOO Digitial
A summary of small caps stories on the newswire today
Money is earmarked for Redmoor and Hanns Camp projects
payment processing firm had some long overdue good news, saying first quarter sales were strong and in line with expectations.
A snapshot of small cap stories today on Proactive Investors
The first hole indicated 14m averaging 0.8% nickel, while the third hole showed 0.66% also over 14m.
Some of the main news-driven share price changes in London at 4.15pm
Drilling is being undertaken currently by Central Australian Rare Earths (CARE), in which Strategic has a 25.5% interest
The think tank - the Organisation for Economic Co-operation and Development (OECD) - cut its forecast for UK growth this year to 1.7%..
Investments and investor services
Full-year results were a shade on the disappointing side for LondonMetric
The FTSE 100 surrendered all of May's gains to close 10 points down on the month
The junior is currently drilling its first holes at the deposit in Western Australia.
A look at some of the most popular stories in web world on the day
The FTSE 100 Index trod water as traders shrugged off mixed economic data from the continent
Archive
The weekly round up of news and updates from the mining sector.
New Age Exploration's preliminary mineral processing review indicated that Redmoor is a coarse grained, simple to process ore with expected high recoveries and low processing costs.
Archive
This week's mining industry news from Proactive Investors.
A look at some of the major share risers and fallers on Friday
Pharma company shares rise as report urges action to develop super-bug treatments
Major share price risers and fallers in London at 3.30pm
The company has a tailings processing licence at Cobre in New Mexico
People who measure such things say the chances of a rate hike in June have risen above 30%
Strategic Minerals begins drilling in Australia, Haydale agrees a partnership with plasma reactor group and Scancell has a management reshuffle.
Excitement over the potential has seen Strategic’s share price more than triple in the past month
The Footsie's Friday finale was enough to drag the index into positive territory for the week, with a 13 point, or 0.2%, rise.
UK blue chips and small caps were trailing lower on Friday lunchtime, due to Brexit worries
Investments and investor services
An anodyne response by the BoE governor to a leading question is still casting a shadow over blue-chips
Investments and investor services
Patagonia Gold shot up after all resolutions were passed at the AGM and the response to the open offer was revealed as strong
Shares in London fall back late on despite solid start
Some significant risers and fallers at around 3.35pm..
Chinese tech fund buys stake in graphics chip developer
It's busy on the artefact sale front today with news on art auctions in New York and Lura's diamond sale.....
No new news from Strategic Minerals today but that did not stop it from shooting up another 50%.
Archive
The weekly wrap up of small cap mining news from Proactive.
Botswana Diamonds raises half a million, Shanta Gold restructures finances and China Nonferrous Gold agrees new loan.
The Footsie is in the doldrums ahead of US jobless figures
UK listed small cap shares were outpacing FTSE100 in early deals as all eyes are on the US jobs number...
The start of drilling remains on track for mid-to-late May
it was a tough day for newspaper publisher Trinity Mirror, not that you'd know it from the share price.
Major share price rises and fallers in London at 9.45am
Investments and investor services
It was a nightmare week for shareholders of portable accommodation company Snoozebox Holdings PLC
Investments and investor services
The Footsie was 70.7 points adrift by lunchtime, although Taylor Wimpey rallied after an update
Investments and investor services
Blue-chips the world over are in retreat after the Bank of Japan's decision not to introduce new stimulus measures but investors on Aim could care less
Investments and investor services
Valentin Bovykin has upped his stake in Obtala above 7%.
Top-flight stocks fall but property shares, Grainger in particular, build momentum
The FTSE AIM 100 and the AIM All-Share were both modestly in positive territory
Investors tuck into Snacktime but Snoozebox falls out of bed as CEO departs abruptly
Some share risers and fallers in early deals on April 25....
FTSE100 closed down around 28 points as small cap shares outshone their bigger cousin.
Miner soars after taking step towards nickel mining in Australia
Horizonte must hold a very good spread at its annual general meeting, because the shares shot up after the big shindig today
Drilling is expected to commence mid-late May once a permit is received.
Don’t tell Goldman Sachs, but, mining stocks were the top performers in the small cap market so far today.
Archive
There were some big stories for mining juniors Friday...after a fairly busy week..
Archive
With half an eye on tomorrow's jobs release in the US investors took money off the table
Strategic Minerals' Cobra tailings operation in the USA still forms the linchpin of the business and allows the group to expand and look for other investment opportunities.
Investments and investor services
Miners rose as the price of the red metal hit a three-and-a-half-month high
Investments and investor services
Dismal services data from around the world left investors unimpressed
Strategic Minerals saw good demand for magnetite from its Cobre tailings operations in New Mexico due to falling oil prices and this is continuing into 2016.
Investments and investor services
Gulf Keystone is owed a pile of money by the Kurdistan Regional Government and soon it might start receiving some of it.
Strategic Minerals has moved away from bulks like iron and coal, securing an option to acquire up to 50% of an Australian firm with nickel and rare earth exploration potential.
Investments and investor services
Here are the small cap news highlights for Tuesday December 22.
Investments and investor services
While most traders have “already deserted” the City, the blue chip FTSE 100 still managed a decent gain.
Strategic has also extended its right to mine the tailings at the old copper mine by a year
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Noricum Gold, Bezant and DiamondCorp also reported this week
Investments and investor services
Strategic Minerals, Motive Television and REM also reported today
Airlines, hotels and cruise operators moved lower amid tourism concerns
The location of the bulk sample is likely to be the access point for underground operations
Investments and investor services
Motive Television and Range Resources also had news out on Monday.
Strategic added it expects to complete its bulk sample programme at Tatu by the end of the year.
Archive
It was a mixed day but mining featured prominently.....
Glencore acquired the stake when Strategic Mineral’s main focus was iron ore.
Archive
If you're a fan of interim results statements, today was dedicated to you.
Sainsbury's fuelled rise by forecasting annual profits above expectations
Strategic Minerals' first half was transformational and saw it move into profitability at the Cobre operation in New Mexico and buy a stake in the Tatu coal project in New Zealand...
Investments and investor services
Sainsbury's forecasted annual profits above expectations
Atlanctic Coal, Strategic Minerals and African Potash all had significant news out this week...
Investments and investor services
On ‘Black Monday’ investors were sent running as China concerns caused a panic, but in the world of small caps, a few were able to buck the trend.
Serving local markets in New Zealand could provide near term cash flow and provide shelter from coal price
A commercial coal mine at the Tatu project in New Zealand moved step further to fruition.....
Investments and investor services
The FTSE 100 was 14 points to the good, at around 6,789.
Archive
Rambler Metals rose after it completed its pre-feasibility study.
Archive
Shares in Jubilee Platinum soared today on disposal news....
Shares in Strategic Minerals rose as its plans to develop the Tatu coal mine in New Zealand moved on a step....
Jubilee Platinum led the risers as it sold its smelter and power operations in South Africa for £5.8mln. Rurelec led the fallers.
Investments and investor services
A number of technology companies were celebrating contract wins today.
Chief executive John Peters has increased his shareholding