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Strategic Minerals ( (GB:SML) ) has provided an update.
Strategic Minerals reported 2025 revenues of $4.2m from its Cobre magnetite operation, with margins rising to 85%, while profit before tax fell to $0.7m due to non-cash share-based charges, lower Cobre earnings, board restructuring costs and increased spending on its Redmoor project. Year-end cash rose to $777,000 and was further strengthened by £8.7m raised in early 2026 to fund infill drilling and a pre-feasibility study at Redmoor.
Operationally, the company accelerated development of Redmoor, completing over 5,000m of drilling, upgrading facilities and expanding its technical team, which led to a 49% increase in inferred resources and confirmed Redmoor as one of Europe’s highest-grade undeveloped tungsten projects. Cobre delivered its third-highest annual ore sales and secured extended stockpile access to 2029, while Strategic Minerals advanced the planned sale of its Leigh Creek copper asset, underpinning a strategy to redeploy cash flows and potential disposal proceeds into fast-tracking Redmoor towards production.
Spark’s Take on SML Stock
According to Spark, TipRanks’ AI Analyst, SML is a Neutral.
The score is primarily supported by improved 2024 financial performance and strong technical uptrend signals. It is materially constrained by expensive valuation (high P/E and no dividend yield data) and technical overbought indicators that elevate near-term risk.
To see Spark’s full report on SML stock, click here.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted minerals company focused on exploration and production projects in the UK, United States and Australia, with key assets including the Redmoor tungsten-tin-copper project in Cornwall, the Cobre magnetite operation in New Mexico and the Leigh Creek copper project in South Australia. The group targets strategic minerals, leveraging long-life resources and government-backed funding to supply critical metals into European and global industrial markets.
Average Trading Volume: 34,190,863
Technical Sentiment Signal: Buy
Current Market Cap: £143.8M
Learn more about SML stock on TipRanks’ Stock Analysis page.