Director Dealing

RNS Number : 7149Q

Strategic Minerals PLC

29 June 2022

 

29 June 2022

Strategic Minerals plc

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

Director Dealing

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, announces that it was informed today by John Peters (Managing Director), of his purchase of 2,500,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of 0.3499p per share.

Following this transaction, Mr Peters interest in Ordinary Shares is as follows:

Director	Ordinary Shares Purchased	Resultant Shareholding	% of Issued Share Capital
John Peters (Managing Director)	2,500,000	78,500,000	3.89%

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Peters
2	Reason for the notification
a)	Position/status	1.  Managing 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	ordinary shares of 0.1p each
	Identification code	ISIN: GB00B4W8PD74
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.3499 pence	2,500,000
d)	Aggregated information
	- Aggregated volume	N/A single transaction as per 4 c) above.
	- Price
e)	Date of the transaction	29 June 2022
f)	Place of the transaction	XLON

For further information, please contact:
Strategic Minerals plc		[phone]
John Peters
Managing Director
Website:	www.strategicminerals.net
Email:	[e-mail]
Follow Strategic Minerals on:
Vox Markets:	https://www.voxmarkets.co.uk/company/SML/
Twitter:	@SML_Minerals
LinkedIn:	https://www.linkedin.com/company/strategic-minerals-plc
SP Angel Corporate Finance LLP		[phone]
Nominated Adviser and Broker
Matthew Johnson
Ewan Leggat
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 drilling programme 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 Austra   lia and brought the project temporarily into production in April 2019. The project has been granted a conditional 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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