Strategic Minerals PLC Executive Director Appointment (2239X)
08 August 2018 - 9:46PM
UK Regulatory
TIDMSML
RNS Number : 2239X
Strategic Minerals PLC
08 August 2018
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.
8 August 2018
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Executive Director Appointment
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing
mineral company actively developing projects prospective for
battery materials, is pleased to announce that Mr Peter Wale has
been appointed Executive Director of the Company with immediate
effect.
The appointment of Mr Wale to Executive Director from his
previous position as Non-Executive Director is reflective of his
increased involvement with the Company. As Strategic Minerals has
grown, Mr Wale has undertaken additional duties that include
strategic planning, day-to-day business management and market
communications. He has, and will continue to work, alongside John
Peters, Managing Director, in the overall operational management of
the Company.
Commenting, John Peters, Managing Director of Strategic
Minerals, said:
"We are delighted to announce Peter's appointment as Executive
Director of Strategic Minerals. His experience as an investment
professional across diverse markets has proved fundamental in the
management of the Company and we hope his appointment reflects not
only the Company's progress to-date, but also its ambitions going
forward.
"The Board and Management believes that Peter's appointment
bolsters the strong team that has been assembled to drive Strategic
Minerals forward, and we look forward to continuing our work
together to generate significant value for shareholders of the
Company."
Commenting, Peter Wale, Executive Director of Strategic
Minerals, said:
"As a shareholder who has, since 2013, continued to build a
significant stake in Strategic Minerals, I am enthusiastic about
this opportunity to continue developing my role within the Company
and thank my fellow directors for their confidence in me.
"As SML's second largest shareholder I remain invested for the
long term where I believe real value will be generated for this
Company.
"We are now at a point where I believe the Company's valuation
versus its prospects are perhaps at their most divergent and I look
forward to assisting in closing that gap in the near term as we
continue to progress our strong portfolio of assets."
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
Facebook: https://www.facebook.com/search/top/?q=strategic%20minerals%20plc
+44 (0)20 3470
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Ewan Leggat/Laura Harrison
+44 (0)20 3735
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Financial PR
+44 (0)7747 788
Charles Goodwin 221
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Joe Burgess 254
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Henry Wilkinson 336
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
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 Cobre
magnetite tailings dam project in New Mexico, USA, a
cash-generating asset, which it brought into production in 2012 and
which continues to provide a revenue stream for the Company. This
operating revenue stream is utilised to cover company overheads and
invest in development projects orientated to supplying the
burgeoning electric vehicle/battery market.
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 and the Northern Territory that are
prospective for cobalt, gold, nickel sulphides and rare earth
elements. The Company has since acquired all shares in Central
Australian Rare Earths Pty Ltd.
In May 2016, an additional exploration asset was acquired when
the Company entered into an agreement with New Age Exploration
Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in
Cornwall, UK. This 50% acquisition was completed in February 2017
and a drilling programme completed in 2017 resulted in a
significant upgrade of the resource.
In March 2018, the Company completed the acquisition of the
Leigh Creek Copper Mine situated in the copper rich belt of South
Australia and is currently working to bring this into operation in
2019.
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
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contact rns@lseg.com or visit www.rns.com.
END
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