Strategic Minerals plc has moved closer to focusing solely on its Redmoor tin-tungsten project in Cornwall, following the exercise of an exclusive call option over its Australia copper subsidiary. CASH FLOW The potential buyer, trading as Cuprum Metals, is due to pay the first instalment of A$150,000 (£74,000) to Strategic by no later than 24 […]
Tag: Strategic Minerals plc
Strategic issues 20m new shares
Strategic Minerals plc, parent of Cornwall Resources Ltd, issued 20 million new ordinary shares of £0.001 each, following a warrants exercise at £0.005 per share, for a total £100,000. TVRs Following admission, the company will have 2,369,297,949 ordinary shares in issue, with a equal number of voting rights. Strategic’ assets include the Redmoor tungsten-tin-copper exploration […]
Strategic NED and PCA buy total 7.6m shares
Strategic Minerals plc non-executive director Philip Haydn-Slater bought five million ordinary shares of 0.1p each in the company at a price of 0.29 pence per ordinary share. Mr Haydn-Slater’s shareholding represents 0.21% of Strategic’s issued share capital. The 22 August purchase follows that on 18 August by Alexandra Manners, closely associated to executive chairman Charles […]
Strategic awards 145m incentive share options
Strategic Minerals plc has granted options over 145 million new ordinary shares of £0.001 each in a new enterprise management incentives share option plan for its key employees and to preserve cash in the short term. MRE Recipients include executive director Mark Burnett with 70m options and executive chairman Charles Manners with 50m. Strategic will […]
CRL drills notable intersects at Redmoor
Cornwall Resources Ltd’s first drill hole has met its expectations with “notable” mineralised intersections at its Redmoor tungsten-tin-copper project in Kelly Bray. TWINNING The findings are the first from a current nine-borehole drill programme for 5,300 metres of new diamond core drilling. The company completed borehole CRD033, “unique” in the campaign, to 600.4m before geological […]
Strategic Minerals appoints executive chairman
Strategic Minerals plc, parent of Cornwall Resources Ltd, has appointed Charles Manners as executive chairman, with immediate effect. REDMOOR Mr Manners became a non-executive director in August 2024 and then chairman in September of the same year. Strategic said that the executive role reflected his work to rationalise the group and refocus the business. The […]