Strategic Minerals plc (LSE:SML) has reported a landmark year in 2025, supported by strong operating performance at its Cobre magnetite business, which generated reliable cash flow and enabled accelerated progress across its wider project portfolio.
At the Cobre operation in New Mexico, Strategic Minerals recorded its third-highest annual ore sales in the past 14 years, delivering revenue of approximately US$4.23 million. The steady cash generation from Cobre has provided the financial foundation for the group’s growth strategy, particularly the advancement of its flagship Redmoor tungsten-tin-copper project in Cornwall.
At Redmoor, the company reported high-grade drilling results, encouraging metallurgical test work, and continued progress toward an updated mineral resource estimate, which is expected in early 2026. Management said these developments further underline Redmoor’s position as one of the highest-grade undeveloped tungsten deposits in Europe, strengthening its strategic relevance amid growing Western demand for critical minerals.
Corporate momentum during the year was also reflected in a sharp re-rating of the shares, with the stock rising around 470% on AIM. In addition, Strategic Minerals secured a UK government grant of approximately £764,000 to help fast-track Redmoor toward the pre-feasibility stage, alongside increased engagement with investors.
Outside the UK, the company moved to monetise its Australian assets by agreeing a staged A$9 million sale of the Leigh Creek Copper Mine to Cuprum Metals. Proceeds from the transaction are expected to further support the group’s focus on Redmoor, while streamlining the portfolio.
Strategic Minerals ended 2025 with cash of around US$0.78 million, reflecting significant reinvestment into exploration activities in Cornwall. Management described the year as a strategic pivot, using Cobre’s cash flow to develop Redmoor into a potentially important Western supply source of tungsten, tin, and copper.
While the company’s outlook is underpinned by strong corporate progress and a recovery in financial performance, valuation metrics and moderate technical momentum suggest some caution. The absence of detailed earnings guidance also limits visibility on near-term performance.
More about Strategic Minerals plc
Strategic Minerals plc is an AIM-quoted international mining and exploration company with operations in the UK, the United States, and Australia. Its core assets include the Redmoor tungsten-tin-copper project in Cornwall, the Cobre magnetite operation in New Mexico, and the Leigh Creek Copper Mine in South Australia, providing exposure to critical and base metals with a focus on supplying strategically important minerals to Western markets.
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