Strategic Minerals ( (GB:SML) ) has provided an announcement.
Strategic Minerals plc announced the successful approval of a special resolution to issue 333,333,333 new ordinary shares, following a general meeting. This move is part of a placing announced in April 2025, and the new shares will be admitted to trading on AIM. The increase in share capital is expected to impact the company’s market operations and shareholder interests.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted minerals company focused on developing strategic projects in the UK, United States, and Australia. The company has completed significant acquisitions, including Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project in the UK, and has distribution rights to the Cobre magnetite project in New Mexico, USA. It also acquired the Leigh Creek Copper Mine in South Australia, which it plans to sell.
YTD Price Performance: 34.00%
Average Trading Volume: 5,635,281
Technical Sentiment Signal: Sell
Current Market Cap: £6.75M
For detailed information about SML stock, go to TipRanks’ Stock Analysis page.