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Strategic Minerals
(LSE:SML)
Strategic Minerals (SML) vs. iShares MSCI United Kingdom ETF (EWC)
Strategic Minerals Business Overview & Revenue Model
Strategic Minerals Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.14M | 4.75M | 1.58M | 2.45M | 2.61M | 3.02M |
| Gross Profit | 1.58M | 3.90M | 1.31M | 1.95M | 2.09M | 2.46M |
| EBITDA | 1.13M | 2.49M | -8.75M | 684.00K | 482.00K | 626.00K |
| Net Income | 667.48K | 1.30M | -9.19M | 84.00K | 156.00K | 214.00K |
Balance Sheet | ||||||
| Total Assets | 7.19M | 8.10M | 6.60M | 15.25M | 15.33M | 14.41M |
| Cash, Cash Equivalents and Short-Term Investments | 280.00K | 621.00K | 112.00K | 341.00K | 611.00K | 833.00K |
| Total Debt | 666.00K | 1.11M | 490.00K | 587.00K | 722.00K | 80.00K |
| Total Liabilities | 2.88M | 3.13M | 2.75M | 2.40M | 1.55M | 856.00K |
| Stockholders Equity | 4.31M | 4.97M | 3.85M | 12.84M | 13.78M | 13.55M |
Cash Flow | ||||||
| Free Cash Flow | 547.40K | 1.01M | 29.00K | 59.00K | -542.00K | 330.00K |
| Operating Cash Flow | 572.41K | 1.42M | 598.00K | 775.00K | 610.00K | 929.00K |
| Investing Cash Flow | ― | -531.00K | -569.00K | -717.00K | -1.15M | -558.00K |
| Financing Cash Flow | ― | -385.00K | -262.00K | -320.00K | 328.00K | -60.00K |
Strategic Minerals Technical Analysis
Strategic Minerals Peers Comparison
Strategic Minerals Corporate Events
Strategic Minerals plc has announced the launch of a new Enterprise Management Incentives share option plan to attract and retain key employees, aligning their goals with long-term shareholder value. The plan involves granting options over 145 million new ordinary shares, representing about 6% of the company’s issued share capital, with specific conditions for exercise, which could impact the company’s operational efficiency and market positioning.
Strategic Minerals has announced significant progress in its Redmoor Critical Minerals Project, with the completion of its first drillhole, CRD033, which showed promising mineralized intersections. The drilling program, funded partly by a UK government grant, aims to update the mineral resource estimate by early 2026. Additionally, the company has promoted key personnel within its Cornwall Resources Limited division to enhance operational efficiency. In a separate development, Strategic Minerals has agreed to transfer the call option for the Leigh Creek Copper Mine to Cuprum Metals, potentially leading to a significant financial arrangement contingent on the mine’s future production.
Strategic Minerals plc has announced the appointment of Charles Manners as Executive Chair, transitioning from his previous role as Non-Executive Director and Chair. This change reflects the substantial work Mr. Manners has done to streamline and refocus the company’s operations, potentially impacting its strategic direction and market positioning.
Strategic Minerals plc announced the successful conclusion of its Annual General Meeting, where all proposed resolutions were passed. This includes the reappointment of directors and auditors and authorizing the directors to allot shares. The approval of these resolutions supports the company’s ongoing operations and strategic initiatives, potentially strengthening its market position and providing flexibility in capital management.
Strategic Minerals reported a 40% decrease in Q2 2025 sales volumes at its Cobre magnetite operation due to a 10-day shutdown caused by wildfires. Despite this, the company remains optimistic about recovering the shortfall and achieving a strong annual performance. The cash balance increased significantly to US$1.59m, indicating financial resilience. The company continues to focus on its Redmoor project in Cornwall, which is expected to bolster its revenue stream.
Strategic Minerals plc announced significant findings from the re-analysis of historical drill core samples at its Redmoor project, revealing elevated silver concentrations associated with copper mineralisation. This discovery highlights the potential for further economic development of the project, as it suggests a strong correlation between copper and silver grades. The company plans to continue its investigations and incorporate new data into an updated mineral resource estimate by Q1 2026, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
Strategic Minerals plc has announced the start of a fully funded and permitted 9-borehole drill programme at the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK. This initiative, supported by UK Government grant funding, aims to update the Mineral Resource Estimate for Redmoor, reflecting shifts in global markets and the rising importance of critical minerals. The drilling, which marks the first exploration at Redmoor since 2018, is expected to enhance the project’s status as a high-grade, polymetallic tungsten resource, potentially accelerating its development as a significant domestic source of critical minerals.
Strategic Minerals plc has announced the arrival of a diamond core drill rig at its Redmoor site, marking a significant step in its exploration efforts in east Cornwall. The drilling program, supported by UK government funding, aims to enhance geological data for an updated Mineral Resource Estimate by Q1 2026. This development is part of a broader strategy to strengthen the company’s position in the critical minerals market, with ongoing relogging and sampling activities complementing the drilling efforts.
Strategic Minerals plc has released its 2024 Annual Report and Accounts, along with the Notice of its Annual General Meeting, which will take place on July 15, 2025, in London. This announcement is a routine disclosure, providing stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.
Strategic Minerals plc has received a payment of A$100,000 from Axis Mining & Minerals Pty Ltd for an exclusive call option to acquire the Leigh Creek Copper Mine. This agreement allows Axis Mining & Minerals to potentially acquire the mine for A$1.9 million in cash, with additional share and earn-out considerations, positioning Strategic Minerals to benefit from future commercial production at the site.
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.
Strategic Minerals announced updates on its Leigh Creek Copper Mine and Redmoor Project. The company expects a payment for a call option to acquire the Leigh Creek Copper Mine, while Cornwall Resources Limited has signed a drilling contract for the Redmoor Project, supported by UK government funding. The drilling aims to explore further mineralization, with results expected to inform a new mineral resource estimate by Q1 2026.
Strategic Minerals plc has announced an extension of 14 days for the payment related to the exclusive call option to acquire 100% of the Leigh Creek Copper Mine. This extension may impact the company’s operations and market positioning as it continues to negotiate the sale of the mine, potentially affecting stakeholders’ interests.
Strategic Minerals plc has announced significant progress in its Redmoor Critical Minerals Project, with drilling activities set to commence in late June. The project, which has secured funding from the UK Government’s Shared Prosperity Fund and a £1,000,000 fundraise, aims to update the Mineral Resource Estimate by Q1 2026. The company has obtained necessary permissions and expanded its technical team, indicating a strong commitment to advancing its exploration and production capabilities in the critical minerals sector.