A sustainable, profitable operation providing income to advance Strategic Minerals’ exploration projects
Background
Profitable producing operation
Long-term access to stockpile
Last quarter revenues $0.82 million (Q2 2025)
Held via our Southern Minerals Group subsidiary in New Mexico, the project has long term distribution rights to magnetite from a treated stockpile, selling to industries throughout North America. The stockpile was compiled by treatment of by-product from past third-party copper mining and milling activities.
At a Glance
History: Acquired by Strategic Minerals in 2011, Cobre has been producing since 2012 and provides a sustainable revenue stream
Operation: Primarily a logistics operation to process a stockpile of magnetite, a byproduct of past copper mining, into a sellable commodity. It operates by magnetic separation and ball milling to produce refined magnetite
Access: Access secured to the Cobre magnetite operation's stockpile to March 2029
End-Uses: Cement, fertiliser, dense media/medium, paint pigment, water jet cutting, ballast, magnets, toner, and landscaping
For more information on Southern Minerals Group and the Cobre Magnetite Stockpile operation, visit our subsidiary website www.southernmineralsgroup.com
Background
