Cobre Actualización de Ventas y Gestión de Caja
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en las Regulaciones de Abuso de Mercado (UE) No. 596/2014 ("MAR") que ha sido incorporada a la ley del Reino Unido por la Ley de (Retiro) de la Unión Europea 2018.
8 de febrero de 2024
Minerales estratégicos plc
("Minerales estratégicos" o la "Compañía")
Cobre Actualización de Ventas y Gestión de Caja
Minerales Estratégicos plc (OBJETIVO: SML; USOTC: SMCDY), una empresa productora de minerales rentable, is pleased to provide the following update on Cobre clients and corporate cash management.
Destacados
· Additional new client added with expected volume of circa 5,000-7,000 tons pa.
· Existing major client's payments commenced in line with tonnage collected.
· Expected 2024 revenues, incorporating the new and major client, to exceed US $3.5m.
· Short-term working capital funding facility undertaken.
Ventas Cobre
In mid-January 2024, the new major client (as announced in the RNS of 19 January) began collecting tonnage from the mine gate at a rate consistent with its 30,000-ton 2024 purchase order. In line with this, payments from the major client have commenced with a fourteen-day billing cycle.
Early February has seen the addition of a new client expected to take between 5,000 to 7,000 tons pa. Unlike the major client's arrangements, this is on a take and pay basis without a purchase order. Discussions also continue with another potential new client that is seeking large volume shipments. However, recent arrangements with the major client and the additional new client may impact our capacity to fulfil a large order.
Given the substantial increase in expected sales, the Company anticipates that the 2024 Cobre sales volumes will be over 50,000 tons (17,965 tons in 2023) with revenues expected to exceed US $3.5m (US $1.6m in 2023).
Gestión de efectivo
Given the substantial reduction in sales during 2023, the Company maintained operations, including project development, through creditor management and from the Board's election to take substantially lower cash payments.
Considering future sales volumes, and the elongated nature of creditor balances, the Company has entered into short-term financing facilities totalling AUD $100,000, with an individual investor. The facilities comprise AUD $50,000 maturing early May 2024 and AUD $50,000 maturing early October 2024. These unsecured loans have been undertaken through the Company's 100% owned subsidiary Ebony Iron Pty Ltd. The weighted average interest rate on the financing is c19% pa and includes the grant of 10,000,000 warrants over new ordinary shares of 0.1 pence each in the Company with an exercise price of 0.5p maturing 31 December 2025 (to be issued before 1 March 2024). No funds raised under these facilities will be applied to balances outstanding to the Directors or CFO.
Al comentar, John Peters, Director Gerente de Minerales Estratégicos, dijo:
"Encouraging sales trends at our Cobre operation have continued with the addition of a further new client, amid a clearly positive backdrop for the renewed demand for magnetite. There may yet be scope to further augment the existing sales expectations, either during 2024 or beyond.
"The Company remains focused on cash flow management that seeks to avoid the need for a dilutive capital raise at the Company level and we are concentrating on joint venture and potential grant funding to move development projects forward.
"The Leigh Creek Copper Mine is currently subject to potential interest from a new group who are based in the same region as the project and have access to sufficient funds to get the project into operations. Discussions are ongoing to explore how the Company may collaborate with this group in moving the project forward. Meanwhile, the team at Cornwall Resources continues to advance the project on several fronts, including progressing its application for grant funding from the Shared Prosperity Fund and the enabling works for an associated 2024 work program, relogging and sampling of existing core from previous drilling, and negotiations to expand CRL's mineral rights footprint in Cornwall.
"At present, we anticipate an active period of news flow across all projects during Q1 2024 and beyond."
Para más información, por favor póngase en contacto con: |
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Minerales estratégicos plc | +61 0 414 727 965 | |||
Juan Pedro | ||||
Director General | ||||
Pagina web: | www.mineralestrategicos.net | |||
Email: | ||||
Siga a Strategic Minerals en: | ||||
Mercados Vox: | https://www.voxmarkets.co.uk/company/SML/ | |||
@SML_Minerales | ||||
LinkedIn: | https://www.linkedin.com/company/strategic-minerals-plc | |||
SP Ángel Finanzas Corporativas LLP |
+44 0 20 3470 0470 | |||
Asesor designado y Broker | ||||
Matthew Johnson | ||||
Ewan Leggat | ||||
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Notas a los editores
Strategic Minerals plc es una empresa de minerales operativa rentable cotizada por AIM que desarrolla activamente proyectos adaptados a los materiales que se espera se beneficien de una fuerte demanda en el futuro. Tiene una operación en los Estados Unidos de América junto con proyectos de desarrollo en el Reino Unido y Australia. La Compañía está enfocada en utilizar sus flujos de efectivo operativos, junto con las recaudaciones de capital, para desarrollar proyectos de alta calidad destinados a suministrar los metales y minerales que probablemente serán altamente demandados en el futuro.
En septiembre de 2011, Strategic Minerals adquirió los derechos de distribución del proyecto de presa de relaves de magnetita Cobre en Nuevo México, EE.UU., un activo generador de efectivo, que puso en producción en 2012 y que continúa proporcionando un flujo de ingresos para la Compañía. Este flujo de ingresos operativos se utiliza para cubrir los gastos generales de la empresa e invertir en proyectos de desarrollo destinados a suministrar los metales y minerales que probablemente tendrán una gran demanda en el futuro. El acceso a esta reserva se ha ampliado hasta el 31 de marzo de 2027 y es probable que se renueve en ese momento.
In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of Cornwall Resources Limited (CRL) which holds 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 arrangements to acquire the balance of CRL which was settled on 24 July 2019 by way of a vendor loan, subsequently fully repaid on 26 September 2020. Since this time, CRL has been progressing the development of the Redmoor Tin/Tungsten project through its involvement in the EU funded Deep Digital Cornwall exercise and the placement of Tin and Tungsten on the Critical Minerals List of both the UK and USA.
En marzo de 2018, la Compañía completó la adquisición de la mina de cobre Leigh Creek, situada en el cinturón rico en cobre del sur de Australia, y puso el proyecto en producción temporalmente en abril de 2019. En julio de 2021, el proyecto obtuvo una aprobación condicional por parte de South Australian Gobierno por un 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 September 2022, an updated PEPR, addressing the conditions associated with the July 2021 approval, was approved. The Company continues seeking capital to commence operations.
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