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Strategic Minerals ( (GB:SML) ) has provided an update.
Strategic Minerals plc reported a significant increase in sales and revenue for the December quarter and full year 2024 at its Cobre magnetite operation in New Mexico, with sales exceeding management guidance. The company’s operational performance and financial results have been bolstered by the return of a major client, allowing them to clear substantial liabilities and maintain a strong cash position, supporting its strategic focus on critical minerals exploration and development at the Redmoor Project. Additionally, the extension of access to the Cobre Magnetite stockpile until 2029 and a new purchase order for 2025 underpin future revenue prospects.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted, producing minerals company that focuses on the development of strategic projects in the UK, United States, and Australia. The company owns the Cobre magnetite project in New Mexico, USA, and the Redmoor Tungsten-Tin-Copper Project through its subsidiary Cornwall Resources Limited.
YTD Price Performance: -4.00%
Average Trading Volume: 3,900,029
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.84M
For a thorough assessment of SML stock, go to TipRanks’ Stock Analysis page.
