Change of Adviser

RNS Number : 7136O

Strategic Minerals PLC

09 November 2016

 

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.

9 November 2016

 Strategic Minerals plc

("Strategic Minerals" or the "Company")

Appointment of SP Angel as Nominated Adviser and appointment of Optiva Securities as Joint Broker

Strategic Minerals PLC (AIM: SML; USOTC; SMCDY), the multi-minerals production, exploration and development company, is pleased to announce that it has appointed SP Angel Corporate Finance LLP ("SP Angel") as its Nominated Adviser with immediate effect.  At the same time, the Company has appointed Optiva Securities Limited ("Optiva Securities") as Joint Broker, alongside SP Angel.

The appointment of SP Angel reflects both its acknowledged resource sector expertise and the Company's increased resource exploration activity, most notably at the Redmoor tin/tungsten project in Cornwall. The appointment of Optiva Securities as a Joint Broker recognises the continued support shown to the Company by Optiva Securities over a number of years.

Commenting, Strategic Mineral's Managing Director, John Peters, said:

"We are excited to welcome SP Angel as our Nominated Adviser and look forward to accessing its considerable resources sector expertise for the benefit of Strategic Minerals.

"The recent three times oversubscribed placement of new shares in the Company by SP Angel and Optiva Securities has highlighted the efficacy of the working arrangements between the parties and has provided the Company with a broad and supportive shareholder base. The appointment of Optiva Securities as joint broker serves to formally cement existing working arrangements."

For further information, please contact:

Strategic Minerals plc John Peters Managing Director   www.strategicminerals.net	[phone]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat Laura Harrison	[phone]
Optiva Securities Limited Joint Broker Graeme Dickson	[phone]
Yellow Jersey PR Financial PR Dominic Barretto Alistair de Kare-Silver	[phone]

Notes to Editors:

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America and Australia. The Company's focus is on acquiring and developing cash generative, high quality projects that meet local market demand for commodities and utilising this cash flow to undertake value added exploration. 

In September 2011, Strategic Minerals purchased its first cash-generating asset, the Cobre magnetite tailings dam project in New Mexico, USA, brought into production in 2012, which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 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 nickel sulphides, platinum and rare earths. Strategic Minerals has completed drill-testing the highest priority nickel sulphide targets within the tenements and has successfully intersected nickel sulphide and platinum. In May 2016, the Company also entered arrangements to buy up to 50% of the Redmoor tin/tungsten exploration project in Cornwall, UK.

 

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