Strategic Minerals makes first payment to New Age Exploration ahead of schedule
Source - SMW
Battery materials focused Strategic Minerals said it had made a first quarterly payment of A$0.3m to New Age Exploration for its 50% holding in Cornwall Resources.
The payment, made in line with a revised acquisition schedule, was due by 31 October.
'The early payment by the company reflects the board's commitment to completing the transaction and the efforts to manage cash flow effectively to ensure continuity of progress on the company's key projects,' chief executive John Peters said.
At 1:07pm: (LON:SML) Strategic Minerals PLC share price was 0p at 0.8p