Strategic Minerals (GB:SML) has released an update.
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Strategic Minerals reports a record-breaking June quarter with sales revenue of US$1.296m, a 250% increase from the previous year, and now expects annual sales to surpass US$4.0m. With the return of Cobre’s major client and a new substantial client contributing to this success, the company has also managed to settle its outstanding creditor debts. The company’s management plans to commence repayment of deferred remuneration to the Board and Management later in the year, while continuing discussions with potential investors for its Redmoor and Leigh Creek projects.
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