US Department of Defense Bets $9.25 Million on Europe's Highest-Grade Tungsten Project
Strategic Minerals announced on Monday that the US Department of Defense has invested $9.25 million in its wholly-owned subsidiary Cornwall Resources Limited to accelerate the full feasibility study of the Redmoor tungsten-copper-tin project in Cornwall, UK, and drive the project toward a final investment decision. Boosted by the news, the company's shares closed up 14% on the London Stock Exchange, with a market capitalization of £168.6 million (approximately $223 million).
9/29/2026
