Strategic Minerals (USOTC:SMCDY:LON:SML) Redmoor Acquisition Update – Early Payment

Commenting, John Peters, Managing Director of Strategic Minerals, said:

“The early payment by the Company reflects the Board’s commitment to completing the transaction and the efforts to manage cash flow effectively to ensure continuity of progress on the Company’s key projects.”

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that the first quarterly payment of A$300,000 has been made to New Age Exploration Limited (“NAE”), in line with the revised acquisition payment schedule for NAE’s 50% holding in Cornwall Resources Limited, as described in the announcement released on 25 July 2019. The payment was due by 31 October 2019.

 

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