Strategic Minerals plc is a minerals production and development company registered in the UK and listed on the AIM market (AIM: SML) of the London Stock Exchange.
Our strategy is to:
Expand domestic sales at the Company’s existing Cobre magnetite project in New Mexico (USA) and create long-term relationships that allow the operation to generate positive cash returns in all magnetite price scenarios.
Build a portfolio of cash generating high quality operations and near term mining projects in jurisdictions where returns are commensurate with risk.
Diversify the Company’s revenue stream into other commodities such as tin, copper, silver, gold and industrial minerals (e.g silica sand).
Operate all assets with a focus on safety and respect for environment and the communities in which we operate.
This is undertaken through operating and investment strategies as follows:
Operating Strategy – Self Sufficient
As a operator of a magnetite tailings business in the US, SML, unlike many of its compatriots, has an underlying cash flow. The SML Board has committed to ensuring that corporate overheads, required for a listed company, are maintained within this cash flow and that any share issues are raised for project investment.