STRATEGIC MINERALS PLC

Share Issue/Capital Change • May 2, 2025

National Storage Mechanism | Additional information

RNS Number : 2863H

Strategic Minerals PLC

02 May 2025

2 May 2025

Strategic Minerals Plc

("Strategic Minerals" or the "Company")

Result of General Meeting

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is pleased to announce that at the Company's General Meeting held earlier today, the special resolution to approve the issue and allotment of the 333,333,333 new ordinary shares of 0.1 pence each in the Company (the "Placing Shares") pursuant to the placing announced on 16 April 2025 was duly passed.

Proxy voting results

For	%	Against	%	Withheld	Total Cast
485,169,875	99.48%	2,527,575	0.52%	8,667,190	496,364,640

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the 333,333,333 Placing Shares to be admitted to trading on AIM ("Admission"). Each of these shares will rank pari passu with the Company's existing ordinary shares. Admission is expected to occur and dealings are expected to commence at 8.00 a.m. on 6 May 2025.

Following Admission, the total number of ordinary shares in the capital of the Company in issue will be 2,349,297,949 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.

For further information, please contact:

Strategic Minerals plc		+44 (0) 207 389 7067
Mark Burnett
Executive Director
Website:	www.strategicminerals.net
Email:	[email protected]
Follow Strategic Minerals on:
X:	@SML_Minerals
LinkedIn:	https://www.linkedin.com/company/strategic-minerals-plc
SP Angel Corporate Finance LLP		+44 (0) 20 3470 0470
Nominated Adviser and Joint Broker
Matthew Johnson/Charlie Bouverat/Grant Barker
Zeus Capital Limited  Joint Broker Harry Ansell/Katy Mitchell		+44 (0) 203 829 5000
Vigo Consulting		+44 (0) 207 390 0234
Investor Relations
Ben Simons/Peter Jacob/Anna Sutton
Email:	[email protected]

Notes to Editors

About Strategic Minerals Plc

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.

In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.

The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC Compliant (2012) Inferred Mineral Resource Estimate published 14 February 2019:

Cut-off (SnEq%)	Tonnage (Mt)	WO3 %	Sn %	Cu %	Sn Eq1 %	WO3 Eq %
>0.45 <0.65	1.50	0.18	0.21	0.30	0.58	0.41
>0.65	10.20	0.62	0.16	0.53	1.26	0.88
Total Inferred Resource	11.70	0.56	0.16	0.50	1.17	0.82

1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO 3 (EQ)% = Sn% x 0.7 + WO 3   + Cu% x 0.28.  Commodity price assumptions: WO3 US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t.  Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively

More information on Cornwall Resources can be found at:   https://www.cornwallresources.com

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group.  Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.

In March 2018, the Company acquired the Leigh Creek Copper Mine situated in a copper rich belt of South Australia. In April 2025, the Company signed a non-binding Heads of Agreement to sell the Leigh Creek Copper Mine.

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