Result of AGM

RNS Number : 6026J

Strategic Minerals PLC

29 June 2017

 

29 June 2017

Strategic Minerals plc

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

Result of AGM

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, announces that at the Annual General Meeting held earlier today all resolutions were duly passed.     

For further information, please contact:

Managing Director

www.strategicminerals.net

Strategic Minerals plc John Peters Managing Director www.strategicminerals.net Follow Strategic Minerals on: Twitter:     @SML_Minerals LinkedIn:   www.linkedin.com/company/strategic-minerals-plc Facebook: www.facebook.com/Strategic-Minerals-PLC-296612634111414/	[phone]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat	[phone]
Optiva Securities Limited Joint Broker Graeme Dickson	[phone]
Yellow Jersey PR Financial PR Felicity Winkles Alistair de Kare-Silver Joe Burgess	[phone]

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration. 

In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the Company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.

 

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