Business
Grant of Options
Strategic Minerals plc has granted 88,675,000 new ordinary share options to employees, directors, and advisors, with an exercise price of 3.5 pence, representing a 33% premium to the 30-day volume weighted average price. These options, exercisable over five years with vesting after one and two years, are intended to incentivize and retain key personnel involved in the Redmoor Tungsten-Tin-Copper Project's development. Following this grant, the company has a total of 233,675,000 share options outstanding, representing 8.70% of its issued share capital. Disclaimer*
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.\n \n13 February 2026\n \nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\nGrant of Options\n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, announces it has granted share options over a total of 88,675,000 new ordinary 0.1p shares in the Company (\"Share Options\") in recognition of significant contributions to recent progress for the benefit of shareholders, and to support the long-term incentivisation and retention of key personnel as the Redmoor Tungsten-Tin-Copper Project (\"Redmoor\") advances towards development.\nThe Share Options have been granted to certain existing employees of Cornwall Resources Limited, the Company's wholly owned subsidiary, which is advancing Redmoor, and to Directors and advisers of the Company.\nThe Share Options have an exercise price of 3.5 pence, representing a 33% premium to the 30-day volume weighted average price preceding this announcement.\nThe Share Options have a term of 5 years and will vest in two tranches, with 50% becoming exercisable after one year from the date of grant and the remaining 50% after two years, provided each recipient remains an employee of the Company at the time of vesting.\nSchedule of Share Options granted to Directors\n\n\n\n\nDirector\n\n\nRole\n\n\nDate Of\nGrant\n\n\nNumber of Share Options Granted\n\n\nTotal Options Held\n\n\n\n\nCharles Manners\n\n\nExecutive Chair\n\n\n12 February 2026\n\n\n25,000,000\n\n\n75,000,000\n\n\n\n\nMark Burnett\n\n\nExecutive Director\n\n\n12 February 2026\n\n\n25,000,000\n\n\n95,000,000\n\n\n\n\nPhilip Haydn-Slater\n\n\nNon-Executive Director \n\n\n12 February 2026\n\n\n10,000,000\n\n\n10,000,000\n\n\n\n\n \nFollowing the grant of Share Options there are a total of 233,675,000 share options in issue representing 8.70% of the current issued share capital of the Company.\n \n\n\n\n\n \n \nFor further information, please contact:\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\nStrategic Minerals plc\n\n\n+44 (0) 207 389 7067\n\n\n\n\nMark...