Q4 & 2025 Trading Update

By Finance News On Jan 9, 2026

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is pleased to provide the following update on Q4 and 2025 performance and activities.

Highlights

Significant share price appreciation in 2025 – up 470% and one of the top performing companies listed on AIM
Exceptional drill results received from three of nine drill holes completed at the Company’s Redmoor Tungsten-Tin-Copper Project
Positive metallurgical work from Stage 1 studies with mass recovery to flotation feed of approximately 43.9%, and stage metal recoveries of 94.3% tungsten, 95.6% tin, and 90.7% copper to an average 2.1x upgrade ratio
On target to release updated Mineral Resource Estimate before the end of Q1 2026
Renewed investor and stakeholder engagement including non-deal institutional roadshow, a webinar presentation with approximately 1,000 recorded views, and attendance at the Critical Minerals Association and Resourcing Tomorrow conferences in London
Cobre magnetite operation recorded its 3^rd highest annual ore sales in 14 years with 61,279 tons sold to a diverse customer base, generating sales of approximately US$4.23 million
Exercise of exclusive call option by Cuprum Metals (“Cuprum”) to acquire the Company’s wholly owned subsidiary Leigh Creek Copper Mine with A$0.25 million received so far through the call option payment of A$0.1 million and First Instalment payment on A$0.15 million. A further A$1.75 million is due upon the earlier of 31 May 2026 or the execution of a Definitive Agreement between the Company and Cuprum. Along with a subsequent earn-out from production of A$4 million and receiving 19.9% of the shares of any entity that Cuprum intends to list on the Australian Securities Exchange, this brings the total consideration up to A$9 million.
Strategic Minerals’ cash as at 31 December 2025 was US$0.78 million after continued substantial investment in Cornwall Resources’ development programme and awaiting a further rebate from the UK Shared Prosperity Fund

Operational Highlights (By Subsidiary)

Cornwall Resources

Redmoor Tungsten-Tin-Copper Project, Cornwall, UK (“Redmoor”)

Awarded c.£764,000 UK Government grant funding from the UK Shared Prosperity Fund, which together with matched funds from the Company’s April 2025 placing, is supporting the programme to accelerate Redmoor towards pre-feasibility
1st drilling since 2018 began in June with 5048.70 m completed by December 2025 ahead of schedule, within budget, and with exceptional results reported to date
- Includes 1.10 m @ 7.19% WO₃, 0.02% & 1.11% Cu (7.51% WO₃.Eq) and 0.97m at 7.52 WO3, 0.03% Sn & 0.87% Cu (7.78% WO3.Eq), including one of the top 10 highest-grade sample results recorded at Redmoor from all previous drilling campaigns
Multiple mineralised intervals and wide zones of mineralisation within the Redmoor sheeted vein system identified, reinforcing Redmoor’s status as one of the highest-grade undeveloped tungsten deposits globally
Re-analysis of historical…