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The latest update is out from Strategic Minerals ( (GB:SML) ).
Strategic Minerals has confirmed that Cuprum Metals has exercised its option to acquire the company’s wholly owned Leigh Creek Copper Mine in South Australia, under revised terms that introduce an initial A$150,000 payment due by 24 December 2025 and a further A$1.75 million instalment payable on completion of the definitive sale agreement or by 31 May 2026, whichever is earlier. Both parties signal confidence that the transaction will support a restart of the Leigh Creek operation in 2026 amid favourable copper market fundamentals, while the upfront payment is expected to bolster Strategic Minerals’ cash flow and allow management to focus on unlocking value in its core exploration assets in Cornwall, potentially reshaping the group’s asset mix and capital allocation priorities.
The most recent analyst rating on (GB:SML) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Strategic Minerals stock, see the GB:SML Stock Forecast page.
Spark’s Take on GB:SML Stock
According to Spark, TipRanks’ AI Analyst, GB:SML is a Neutral.
Strategic Minerals’ overall score is driven by strong corporate developments and a solid financial recovery in 2024. However, technical indicators suggest moderate momentum, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data limits insights into management’s outlook.
To see Spark’s full report on GB:SML stock, click here.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted international mineral exploration and production company with strategic projects in the UK, United States and Australia. Its portfolio includes the Redmoor tungsten-tin-copper project in Cornwall, operated through its 100%-owned subsidiary Cornwall Resources Limited, and the Cobre magnetite project in New Mexico, which has been in production since 2012 and provides ongoing revenue. The company acquired the Leigh Creek Copper Mine in South Australia in 2018 as part of its focus on strategically important metals such as copper and other industrial minerals.
Average Trading Volume: 45,360,721
Technical Sentiment Signal: Buy
Current Market Cap: £33.17M
For detailed information about SML stock, go to TipRanks’ Stock Analysis page.