Strategic Minerals (SML)

Sector:

Engineering

Index:

FTSE AIM All-Share

 0.32p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.45p
  • 52 Week Low: 0.14p
  • Currency: UK Pounds
  • Shares Issued: 2,349.30m
  • Volume: 7,116,837
  • Market Cap: £7.52m
  • RiskGrade: 283
  • Beta: 0.00

Strategic Minerals slides after company update

By Josh White

Date: Friday 14 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Strategic Minerals updated the market on its ongoing projects on Friday, reporting that its subsidiary Cornwall Resources (CRL) had been actively working to expand its mineral footprint in the resource-rich Cornwall area.
The AIM-traded firm said it expected reporting on its progress in the second half of this year.

It said its efforts were focussed on identifying and acquiring mineral assets in Cornwall, which is known for its significant mineral deposits.

In recent news, CRL received notification that its comprehensive grant application to the Cornwall and Isle of Scilly Council (CIoS) Shared Prosperity Fund was unsuccessful.

However, the company said it had been encouraged by the council to resubmit a modified version of the before the next deadline on 4 August.

Additionally, CRL had been engaging in negotiations with unrelated parties as a preliminary step towards potential formalised partnerships.

Strategic Minerals also noted that it participated in Austmine's 'Copper to the World' conference in Adelaide in May.

As a result of its presentation, two parties had expressed interest by signing confidentiality agreements with Strategic Minerals.

The parties had been granted access to the data room of the Leigh Creek Copper Mine (LCCM), an asset owned by Strategic Minerals.

"The CRL team made a significant, credible submission for a comprehensive grant which has given it valuable experience for its pending modified grant application," said managing director John Peters.

"To this end, engagement continues with both Cornwall Council and other local stakeholders.

"Recent encouraging discussions with various parties leave us confident of progress at Redmoor in the second half of the year including potential expansion of its mineral rights catchment area."

At 1121 BST, shares in Strategic Minerals were down 19.08% at 0.14p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SML Market Data

Currency UK Pounds
Share Price 0.32p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.45p
52 Week Low 0.14p
Volume 7,116,837
Shares Issued 2,349.30m
Market Cap £7.52m
Beta 0.00
RiskGrade 283

SML Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.49% above the market average11.49% above the market average11.49% above the market average11.49% above the market average11.49% above the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Price Trend
90.95% above the market average90.95% above the market average90.95% above the market average90.95% above the market average90.95% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
44.61% above the market average44.61% above the market average44.61% above the market average44.61% above the market average44.61% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average

SML Dividends

No dividends found

Trades for 11-Jul-2025

Time Volume / Share Price
16:45 1,500,000 @ 0.31p
14:02 80,000 @ 0.31p
14:00 100,000 @ 0.31p
13:58 200,000 @ 0.31p
13:57 150,000 @ 0.31p

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