Strategic Minerals enjoys considerable boost to magnetite production at Cobre

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Strategic Minerals PLC (LON:SML) (OTCMKTS:SMCDY) said it has returned a 55% year-on-year boost in sales revenue at the Cobre project in the US in the third quarter to end September 2020.

Uninterrupted operations continue at Cobre as a result of effective zero contact on-site due to processes and policies enacted in response to the coronavirus pandemic.

During the period the company also appointed NRG Capital to develop options to advance the Redmoor tungsten and tin project in Cornwall.

The company’s cash balance stood at US$264,000 as at September 30, 2020.

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