Exercise of Warrants and Total Voting Rights
Strategic Minerals PLC has announced the exercise of warrants, resulting in the issuance of 20,000,000 new ordinary shares at an exercise price of £0.005 each, generating £100,000 in consideration. These new shares are expected to be admitted to trading on AIM on or around November 25, 2025. Following this issuance, the company's total issued ordinary shares will be 2,369,297,949, with the same number representing the total voting rights, which shareholders can use for notification calculations under FCA rules.
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Strategic Minerals PLC (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, announces that it has received notice of exercise in respect of 20,000,000 new ordinary shares of £0.001 each ("Ordinary Shares") with an exercise price of £0.005 each, resulting in the Company receiving consideration of £100,000.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange PLC for the admission of 20,000,000 new Ordinary Shares to trading on AIM ("Admission"), which is expected to take place at 8.00 a.m. on or around 25 November 2025.
Following Admission, the Company will have 2,369,297,949 Ordinary Shares in issue. The total number of voting rights is 2,369,297,949. Therefore, this figure may be used by shareholders in the Company as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
| >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. WO3(EQ)% = Sn% x 0.7 + WO3 + 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
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