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Strategic Minerals Plc Unit Wins $9 Million US Government Funding for Redmoor Project in UK

MT Newswires·09/28/2026 05:54:31
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05:54 AM EDT, 09/28/2026 (MT Newswires) -- Strategic Minerals plc (SML.L) subsidiary Cornwall Resources received $9.25 million in funding from the US Department of War for the Redmoor tungsten-copper-tin project in Cornwall, UK. The mineral exploration and production company said Monday that the non-dilutive investment will support the project's engineering program, including drilling, feasibility studies, and pre-site development for underground mining. The company aims to complete the technical and commercial work needed for a final investment decision within 32 months of the agreed program start date. Details about delivery milestones and repayment timelines are expected to be finalized within 60 days.