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Strategic Minerals ( (GB:SML) ) has issued an update.
Strategic Minerals has announced significant progress in its Redmoor Critical Minerals Project, with the completion of its first drillhole, CRD033, which showed promising mineralized intersections. The drilling program, funded partly by a UK government grant, aims to update the mineral resource estimate by early 2026. Additionally, the company has promoted key personnel within its Cornwall Resources Limited division to enhance operational efficiency. In a separate development, Strategic Minerals has agreed to transfer the call option for the Leigh Creek Copper Mine to Cuprum Metals, potentially leading to a significant financial arrangement contingent on the mine’s future production.
Spark’s Take on GB:SML Stock
According to Spark, TipRanks’ AI Analyst, GB:SML is a Outperform.
Strategic Minerals demonstrates strong financial recovery and undervaluation, supported by positive corporate developments. However, historical volatility and neutral technical indicators suggest a balanced risk-reward profile.
To see Spark’s full report on GB:SML stock, click here.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted mineral exploration and production company with operations in the UK, United States, and Australia. The company focuses on developing strategic projects, including the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK, which it fully acquired in 2019.
Average Trading Volume: 7,562,811
Technical Sentiment Signal: Buy
Current Market Cap: £7.05M
For an in-depth examination of SML stock, go to TipRanks’ Overview page.