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An announcement from Strategic Minerals ( (GB:SML) ) is now available.
Strategic Minerals Plc reported a robust financial performance for the year ending December 31, 2024, with revenues increasing by 200% to $4.7 million, driven by the return of a major client to its Cobre magnetite operation. The company achieved a pre-tax profit of $2.1 million, a significant turnaround from the previous year’s loss. The company also expanded its mineral rights in Cornwall and secured funding to advance the Redmoor project, positioning itself as a key player in the critical minerals market. Additionally, Strategic Minerals is exploring opportunities to monetize its Leigh Creek Copper Mine in South Australia.
More about Strategic Minerals
Strategic Minerals Plc is an international mineral exploration and production company that operates in the UK, United States, and Australia. The company is involved in the production of magnetite, tungsten, tin, and copper, with significant projects including the Cobre magnetite operation in New Mexico and the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK.
Average Trading Volume: 6,018,703
Technical Sentiment Signal: Buy
Current Market Cap: £6.81M
Find detailed analytics on SML stock on TipRanks’ Stock Analysis page.