Strategic Minerals (GB:SML) has released an update.
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Strategic Minerals announces the retirement of Managing Director John Peters, with Mark Burnett stepping in as Executive Director during the search for a new CEO. Peters leaves the company in a stronger financial position, following a successful turnaround at the Cobre operation and a focus on developing the Redmoor Tungsten and Tin mine. The company also clarified the repayment of two previously disclosed loans, highlighting its improved cash flow situation.
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