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STRATEGIC MINERALS PLC
Major Shareholding Notification • Sep 6, 2022
7933_mrq_2022-09-06_95bc2ce8-7b70-4678-8827-2afd8f370100.html
Major Shareholding Notification
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National Storage Mechanism | Additional information 
RNS Number : 4362Y
Strategic Minerals PLC
06 September 2022
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Holdings in Company
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company announces that it has been notified by Philip Richards of RAB Capital that he holds a beneficial interest in 81,000,000 ordinary shares of 0.1 pence in the Company representing 4.02% of the Company's issued share capital.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00B4W8PD74
Issuer Name
STRATEGIC MINERALS PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
RAB Capital Holdings Limited
City of registered office (if applicable)
Brentwood
Country of registered office (if applicable)
United Kingdom
| Name | City of registered office | Country of registered office |
| Eagles Trust Limited | St Helier | Jersey |
| William Philip Richards | St Brelade | Jersey |
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| Pershing Securities Limited | London | United Kingdom |
5. Date on which the threshold was crossed or reached
06-Sep-2022
6. Date on which Issuer notified
06-Sep-2022
7. Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 4.020000 | 0.000000 | 4.020000 | 81000000 |
| Position of previous notification (if applicable) |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00B4W8PD74 | 81000000 | 0 | 4.020000 | 0.000000 |
| Sub Total 8.A | 81000000 | 4.020000% |
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| Sub Total 8.B1 |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
| Sub Total 8.B2 |
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| William Philip Richards | ||||
| William Philip Richards | Eagles Trust Limited |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
06/09/2022
13. Place Of Completion
United Kingdom
For further information, please contact:
Strategic Minerals plc
+61 (0) 414 727 965
John Peters
Managing Director
Website:
Email:
Follow Strategic Minerals on:
Vox Markets:
https://www.voxmarkets.co.uk/company/SML/
Twitter:
LinkedIn:
https://www.linkedin.com/company/strategic-minerals-plc
SP Angel Corporate Finance LLP
+44 (0) 20 3470 0470
Nominated Adviser and Broker
Matthew Johnson
Ewan Leggat
| Charlie Bouverat |
Notes to Editors
Strategic Minerals plc is an AIM-quoted, profitable operating minerals company actively developing projects tailored to materials expected to benefit from strong demand in the future. It has an operation in the United States of America along with development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals likely to be highly demanded in the future.
In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects aimed at supplying the metals and minerals likely to be highly demanded in the future.
In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. This was followed in 2018 with a 12-hole 2018 drilling programme has now been completed and the resource update that resulted was announced in February 2019. In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin/Tungsten project which was settled on 24 July 2019 by way of a vendor loan which was fully repaid on 26 June 2020.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and brought the project temporarily into production in April 2019. In July 2021, the project was granted a conditional approval by the South Australian Government for a Program for Environmental Protection and Rehabilitation (PEPR) in relation to mining of its Paltridge North deposit and processing at the Mountain of Light installation. In late June 2022, an updated PEPR, addressing the conditions associated with the July 2021 approval, was approved.
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