TIDMSML
RNS Number : 2826G
Strategic Minerals PLC
23 July 2021
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
23 July 2021
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Result of AGM
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable
producing mineral company, is pleased to announce that at the
Annual General Meeting held earlier today all resolutions put to
shareholders were duly passed.
The votes were cast as follows:
Resolution 1: Receive and adopt the Company's financial
statements for the period ended 31 December 2020.
Votes - For 184,265,715, Against 689, Withheld 267,907, Total
184,534,311
Resolution 2: Re-Appointment of Director (Mr Alan Broome).
Votes- For 184,285,886, Against 689, Withheld 247,736, Total
184,534,311
Resolution 3: Appoint of Auditors (BDO LLP) and authority to
determine their remuneration.
Votes- For 184,285,886, Against 689, Withheld 247,736, Total
184,534,311
Resolution 4: Authority to Allot Shares.
Votes- For 170,669,805, Against 13,622,955, Withheld 241,551,
Total 184,534,311
Resolution 5: Disapplication of Pre-exemption Rights.
Votes- For 167,758,691, Against 749,570, Withheld 16,026,050,
Total 184,534,311
Commenting, Alan Broome AM, Chairman of Strategic Minerals,
said:
"I would like to thank Peter Wale for deputising for me today.
The global pandemic continues to create a trying environment and I
look forward, this year, to shepherding the Company to production
at Leigh Creek . "
For further information, please contact:
+61 (0) 414 727
Strategic Minerals plc 965
John Peters
Managing Director
Website: www.strategicminerals.net
Email: info@strategicminerals.net
Follow Strategic Minerals on:
Vox Markets: https://www.voxmarkets.co.uk/company/SML/
Twitter: @SML_Minerals
LinkedIn: https://www.linkedin.com/company/strategic-minerals-plc
+44 (0) 20 3470
SP Angel Corporate Finance LLP 0470
Nominated Adviser and Broker
Matthew Johnson
Charlie Bouverat
Notes to Editors
Strategic Minerals plc is an AIM-quoted, profitable operating
minerals company actively developing projects tailored to materials
expected to benefit from strong demand in the future. It has an
operation in the United States of America along with development
projects in the UK and Australia. The Company is focused on
utilising its operating cash flows, along with capital raisings, to
develop high quality projects aimed at supplying the metals and
minerals likely to be highly demanded in the future.
In September 2011, Strategic Minerals acquired the distribution
rights to the Cobre magnetite tailings dam project in New Mexico,
USA, a cash-generating asset, which it brought into production in
2012 and which continues to provide a revenue stream for the
Company. This operating revenue stream is utilised to cover company
overheads and invest in development projects aimed at supplying the
metals and minerals likely to be highly demanded in the future.
In May 2016, the Company entered into an agreement with New Age
Exploration Limited and, in February 2017, acquired 50% of the
Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds
from the Company's investment were utilised to complete a drilling
programme that year. The drilling programme resulted in a
significant upgrade of the resource. This was followed in 2018 with
a 12-hole 2018 drilling programme has now been completed and the
resource update that resulted was announced in February 2019. In
March 2019, the Company entered into arrangements to acquire the
balance of the Redmoor Tin/Tungsten project which was settled on 24
July 2019 by way of a vendor loan which was fully repaid on 26 June
2020.
In March 2018, the Company completed the acquisition of the
Leigh Creek Copper Mine situated in the copper rich belt of South
Austra lia and brought the project temporarily into production in
April 2019. The project has been granted a conditional approval by
the South Australian Government for a Program for Environmental
Protection and Rehabilitation (PEPR) in relation to mining of its
Paltridge North deposit and processing at the Mountain of Light
installation.
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END
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July 23, 2021 04:24 ET (08:24 GMT)
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