Strategic Minerals PLC (GB:SML)
LSE:SML
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Strategic Minerals
(LSE:SML)
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Rating:52Neutral
Price Target:
4.50 p
▲(221.43% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by mixed financial performance: a strong, low-leverage balance sheet offsets inconsistent profitability and free-cash-flow swings. Technicals add near-term caution (below key short-term averages with negative MACD), while valuation is middling with a moderate P/E and no dividend yield data to bolster the case.
Positive Factors
Conservative balance sheet / low leverage
Low leverage and a growing equity base provide durable financial flexibility for a small mining developer. This capital conservatism reduces refinancing risk through commodity cycles, supports funding of operating needs and project development, and underpins long-term solvency.
Negative Factors
Volatile earnings and returns
Large swings in net results impair predictability of earnings and make long-term planning difficult. For a project-focused miner, such volatility increases the cost of capital, complicates investment timing and partner negotiations, and raises execution risk for multi-period projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Low leverage and a growing equity base provide durable financial flexibility for a small mining developer. This capital conservatism reduces refinancing risk through commodity cycles, supports funding of operating needs and project development, and underpins long-term solvency.
Read all positive factors
Strategic Minerals (SML) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£138.12M
Dividend YieldN/A
Average Volume (3M)41.83M
Price to Earnings (P/E)―
Beta (1Y)-0.11
Revenue Growth-13.52%
EPS Growth-100.00%
CountryUK
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,818,776,000
10 Day Avg. Volume102,443,026
30 Day Avg. Volume41,825,345
Financial Highlights & Ratios
PEG Ratio2.36
Price to Book (P/B)5.73
Price to Sales (P/S)9.63
P/FCF Ratio-64.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Strategic Minerals Business Overview & Revenue Model
Company Description
Strategic Minerals Plc is an enterprise focused on the exploration, development, and operational management of mineral extraction projects. Among its assets is the Cobre mine in New Mexico, from which it extracts magnetite, a mineral sold for dive...
How the Company Makes Money
SML primarily makes money from the sale of magnetite products produced from historical tailings at the Cobre project in New Mexico. Revenue is generated by extracting, processing, and selling magnetite concentrates to customers for industrial end-...
Strategic Minerals Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.23M | 4.75M | 1.58M | 2.45M | 2.61M |
| Gross Profit | 3.61M | 3.90M | 1.31M | 1.95M | 2.09M |
| EBITDA | 1.11M | 2.49M | -8.75M | 684.00K | 482.00K |
| Net Income | -148.00K | 1.30M | -9.19M | 84.00K | 156.00K |
Balance Sheet | |||||
| Total Assets | 9.86M | 8.10M | 6.60M | 15.25M | 15.33M |
| Cash, Cash Equivalents and Short-Term Investments | 777.00K | 621.00K | 112.00K | 341.00K | 611.00K |
| Total Debt | 861.00K | 1.11M | 490.00K | 587.00K | 722.00K |
| Total Liabilities | 2.76M | 3.13M | 2.75M | 2.40M | 1.55M |
| Stockholders Equity | 7.10M | 4.97M | 3.85M | 12.84M | 13.78M |
Cash Flow | |||||
| Free Cash Flow | -633.00K | 1.01M | 29.00K | 59.00K | -542.00K |
| Operating Cash Flow | 717.00K | 1.42M | 598.00K | 775.00K | 610.00K |
| Investing Cash Flow | -1.54M | -531.00K | -569.00K | -717.00K | -1.15M |
| Financing Cash Flow | 948.00K | -385.00K | -262.00K | -320.00K | 328.00K |
Strategic Minerals Technical Analysis
Positive
1.40
Price Trends
5.31
Negative
4.45
Positive
2.76
Positive
Market Momentum
-0.12
Negative
49.54
Neutral
94.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SML, the sentiment is Positive. The current price of 1.4 is below the 20-day moving average (MA) of 4.81, below the 50-day MA of 5.31, and below the 200-day MA of 2.76, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 49.54 is Neutral, neither overbought nor oversold. The STOCH value of 94.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SML.
Strategic Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £138.12M | -1,089.61 | -2.65% | ― | -13.52% | -100.00% | |
49 Neutral | £37.66M | -3.08 | -131.90% | ― | ― | -23.08% | |
48 Neutral | £47.46M | -0.08 | 0.25% | ― | ― | 44.90% | |
46 Neutral | £37.33M | -2.66 | -73.36% | ― | 271.10% | 20.45% | |
43 Neutral | £29.68M | -5.26 | 264.51% | ― | -7.00% | 20.39% | |
43 Neutral | £38.16M | -10.51 | -19.76% | ― | ― | -327.78% |
* Basic Materials Sector Average
GB:SML
Strategic Minerals
4.90
4.61
1561.02%
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Strategic Minerals Corporate Events
Business Operations and StrategyExecutive/Board Changes
Strategic Minerals Taps Mining Executive Luke Rogers for Board Role to Advance Redmoor
Positive
Jun 11, 2026
Strategic Minerals plans to appoint mining executive and engineer Luke Rogers as an independent non-executive director, subject to customary due diligence by its nominated adviser. Rogers brings over 15 years of international experience in mine de...
Business Operations and StrategyFinancial Disclosures
Strategic Minerals boosts funding and advances Redmoor as it upgrades global portfolio
Positive
Jun 2, 2026
Strategic Minerals reported a cash balance of $10.76m at the end of May, a level the board believes will substantially fund completion of the Redmoor pre-feasibility study, while drilling and sampling at the high-grade tungsten-tin-copper project ...
Business Operations and StrategyFinancial Disclosures
Strategic Minerals boosts funding as Redmoor drilling advances and Cobre operations strengthened
Positive
Jun 2, 2026
Strategic Minerals reported a sharp increase in its cash balance to $10.76 million at the end of May, which it believes is sufficient to fund completion of a prefeasibility study at its flagship Redmoor tungsten‑tin‑copper project in C...
Regulatory Filings and ComplianceShareholder Meetings
Strategic Minerals Sets Date and Details for 2026 Annual General Meeting
Neutral
May 28, 2026
Strategic Minerals plc has scheduled its Annual General Meeting for 11:00 a.m. on 24 June 2026 at the offices of Moore Kingston Smith LLP in London. The company has distributed the AGM notice, proxy form, and its Report and Financial Statements fo...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Strategic Minerals boosts Redmoor as Cobre cash flow funds tungsten push
Positive
May 20, 2026
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 incre...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Strategic Minerals boosts Redmoor resource as Cobre cash flow funds expansion
Positive
May 20, 2026
Strategic Minerals reported 2025 revenues of $4.2m from its Cobre magnetite operation, with margins improving to 85%, though profit before tax fell to $0.7m due to non-cash share-based expenses, lower Cobre profits, board restructuring costs and h...
Business Operations and StrategyPrivate Placements and Financing
Strategic Minerals Expands Redmoor Drilling as Key Hole Confirms Extensive Mineralisation
Positive
May 12, 2026
Strategic Minerals has completed drillhole CRD042 at its Redmoor project, intersecting the full thickness of the Sheeted Vein System and encountering extensive wolframite, cassiterite and chalcopyrite mineralisation both within and beyond the main...
Business Operations and Strategy
Strategic Minerals Upgrades Tin Assays at Redmoor as New Sampling Highlights Further Mineralisation
Positive
May 7, 2026
Strategic Minerals has reported upgraded tin assay results from reanalysis of 428 historical drill core samples at its Redmoor project in Cornwall, using a more suitable analytical method for cassiterite that shows higher tin grades in 78% of case...
Regulatory Filings and Compliance
Strategic Minerals Confirms Total Voting Rights After Share Capital Update
Neutral
Apr 1, 2026
Strategic Minerals plc has confirmed that it has 2,818,775,969 ordinary shares of 0.1p each in issue, with no shares held in treasury, giving a total of 2,818,775,969 voting rights. This disclosure, made in line with the UK Financial Conduct Autho...
Business Operations and StrategyPrivate Placements and Financing
Strategic Minerals Ramps Up Redmoor Drilling as Tungsten Prices Hit Record Highs
Positive
Mar 31, 2026
Strategic Minerals has launched a resource infill drilling programme at its Redmoor tungsten‑tin‑copper project, beginning with drillhole CRD042 from Pad 4 as part of a prefeasibility study aimed at upgrading inferred resources and sup...
Business Operations and StrategyFinancial Disclosures
Strategic Minerals Flags Standout Economics at Redmoor Tungsten Project
Positive
Mar 26, 2026
Strategic Minerals has released an updated economic sensitivity analysis for its Redmoor project in Cornwall, indicating materially stronger potential economics than a 2020 study, with a base‑case after‑tax NPV of US$1.54bn, a 40% IRR ...
Business Operations and Strategy
Strategic Minerals lifts Redmoor resource, confirms top‑grade European tungsten project
Positive
Mar 26, 2026
Strategic Minerals has reported a significantly upgraded JORC‑compliant inferred mineral resource estimate for its Redmoor project in Cornwall, now standing at 17.4 million tonnes at 0.65% tungsten trioxide equivalent. The update, which inco...
Business Operations and StrategyFinancial Disclosures
Strategic Minerals sets date for updated Redmoor resource and economics
Positive
Mar 23, 2026
Strategic Minerals’ subsidiary Cornwall Resources will release a new Mineral Resource Estimate and updated economic sensitivity analysis for its Redmoor tungsten-tin-copper project in Cornwall on 26 March 2026. The work, partly funded by the...
Business Operations and Strategy
Strategic Minerals boosts tungsten recovery and confirms silver upside at Redmoor
Positive
Mar 20, 2026
Strategic Minerals reported a major improvement in metallurgical performance at its Redmoor project, with overall tungsten recovery rising from 72.0% to 85.8%, a 19.2% relative uplift, following comprehensive flowsheet testwork. As tungsten is the...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Strategic Minerals raises £4.7m to accelerate UK Redmoor tungsten project
Positive
Mar 19, 2026
Strategic Minerals has raised approximately £4.7 million via a direct share subscription of 134.3 million new shares at 3.5 pence, led by a prominent international investor at a 16.7% discount to the latest closing price. The company plans to...
Business Operations and Strategy
Strategic Minerals Launches Fully Funded Infill Drilling at High-Grade Redmoor Project
Positive
Mar 17, 2026
Strategic Minerals’ subsidiary Cornwall Resources has signed a new drilling contract with Priority Drilling UK to launch an infill drilling programme at the Redmoor tungsten-tin-copper project in southeast Cornwall. The fully funded campaign...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.