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Strategic Minerals PLC - Says its access to the Cobre magnetite stockpile in New Mexico has been extended by two years to March 31, 2029. The firm has also received a new purchase order for 2025 for up to 30,000 tonnes from one of its ‘major clients’. Executive Director Mark Burnett says: ‘Combined with a significant new purchase order, this [extension] should underpin the revenue profile for Strategic Minerals into 2025 and beyond and provide scope to expand operations across the portfolio of Strategic Minerals assets.’ It expects full-year sales at Cobre to exceed $4.5 million.
Current stock price: 0.23 pence, up 2.7% in London on Thursday afternoon
12-month change: up more than double from 0.11p
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