Strategic Minerals extends Cobre access

Mining General Mining & Base Metals Written by: Jamie Ashcroft 07:37 Mon 07 Sep 2026 --> Proactive has a commercial relationship with Strategic Minerals PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Strategic Minerals PLC ( AIM:SML ) View Price & Profile Strategic Minerals extends Cobre access Published: 07:37 07 Sep 2026 BST Strategic Minerals PLC (AIM:SML) told investors it has secured another two years of access to the Cobre magnetite stockpile in New Mexico, extending an important source of internal cash flow through to 31 March 2031. Wholly owned subsidiary Southern Minerals Group agreed the extension through a Third Amendment to the existing Magnetite Sales Contract. The previous agreement was due to expire in March 2029, while all other contractual terms remain unchanged. The longer tenure also supports Strategic Minerals’ commitment to continued operations at Cobre and capital investment in new mining equipment announced in June. Executive director Mark Burnett said the extension provides “further certainty around an important source of internal cash flow”, which will help cover operating costs and support advancement of the company’s flagship Redmoor tungsten-tin-copper project in Cornwall. Cobre has been in production since 2012 and has continued to provide a revenue stream for Strategic Minerals. Continue reading