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Strategic Minerals ( (GB:SML) ) has issued an update.
Strategic Minerals PLC has announced a proposed placing to raise up to £1,000,000 through the issuance of new Ordinary Shares at a 25% discount to the closing price. The funds will primarily support the Redmoor project and provide working capital, with Zeus Capital appointed as a joint broker to facilitate the process.
More about Strategic Minerals
Strategic Minerals PLC is an international mineral exploration and production company. It focuses on the extraction and development of mineral resources, with a particular emphasis on projects such as the Redmoor Tungsten-Tin-Copper project in Cornwall.
YTD Price Performance: 60.0%
Average Trading Volume: 4,879,032
Technical Sentiment Signal: Sell
Current Market Cap: £8.06M
For detailed information about SML stock, go to TipRanks’ Stock Analysis page.