TIDMSML
RNS Number : 3284U
Strategic Minerals PLC
28 July 2020
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
28 July 2020
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Result of AGM
Strategic Minerals plc (AIM: SML), a diversified mineral
production and development company actively developing projects
prospective for battery metals, is pleased to announce that at the
Annual General Meeting held earlier today all resolutions put to
shareholders were duly passed.
The votes were cast as follows:
Resolution 1: Receive and adopt the Company's financial
statements for the period ended 31 December 2019.
Votes - For 75,059,258, Against Nil, Withheld 20,000, Total
75,079,258
Resolution 2: Re-Appointment of Director (Mr Jeffrey Harrison).
Votes- For 74,074,220, Against 1,005,038, Withheld Nil, Total
75,079,258
Resolution 3: Appoint of Auditors (BDO LLP) and authority to determine their remuneration.
Votes- For 74,114,592, Against 964,666, Withheld Nil, Total
75,079,258
Resolution 4: Authority to Allot Shares.
Votes- For 71,809,220, Against 3,270,038, Withheld Nil, Total
75,079,258
Resolution 5: Disapplication of Pre-exemption Rights.
Votes- For 65,669,355, Against 3,270,038, Withheld 6,139,865,
Total 75,079,258
Additionally, the Company has conducted a video interview
providing answers to shareholder questions submitted to the Company
which can be accessed via the following link:
https://tinyurl.com/SML2020
For further information, please contact:
+61 (0) 414 727
Strategic Minerals plc 965
John Peters
Managing Director
www.strategicminerals.net
Follow Strategic Minerals on:
Vox Markets: https://www.voxmarkets.co.uk/company/SML/
Twitter: @SML_Minerals
LinkedIn: https://www.linkedin.com/company/strategic-minerals-plc
+44 (0)20 3470
SP Angel Corporate Finance LLP 0470
Nominated Adviser and Broker
Ewan Leggat
Charlie Bouverat
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, operating minerals
company actively developing projects prospective for battery
materials. It has an operation in the United States of America and
Australia along with development projects in the UK and Australia.
The Company is focused on utilising its operating cash flows, along
with capital raisings, to develop high quality projects aimed at
supplying the metals and minerals being sought in the burgeoning
electric vehicle/battery market.
In September 2011, Strategic Minerals acquired the distribution
rights to the Cobre magnetite tailings dam project in New Mexico,
USA, a cash-generating asset, which it brought into production in
2012 and continues to provide a revenue stream for the Company.
This operating revenue stream is utilised to cover company
overheads and invest in development projects.
In January 2016, the portfolio was expanded with the acquisition
of shares in Central Australian Rare Earths Pty Ltd, which holds
tenements in Western Australia prospective for cobalt, nickel
sulphides and rare earth elements. The Company has since acquired
all shares in Central Australian Rare Earths Pty Ltd. In September
2018, the Company entered contracts for the sale of certain CARE
tenements identified as gold targets.
In May 2016, the Company entered into an agreement with New Age
Exploration Limited and, in February 2017, acquired 50% of the
Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds
from the Company's investment were utilised to complete a drilling
programme that year. The drilling programme resulted in a
significant upgrade of the resource. This was followed in 2018 with
a 12-hole 2018 drilling programme has now been completed and the
resource update that resulted was announced in February 2019. In
2019, the Company acquired the balance of the project.
In March 2018, the Company completed the acquisition of the
Leigh Creek Copper Mine situated in the copper rich belt of South
Australia.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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