Strategic Minerals plc’s subsidiary, Cornwall Resources Ltd, has discovered a new tin zone of “meaningful scale” at the Redmoor tungsten-tun-copper project in southeast Cornwall. SCALE Named the ‘North Tin Zone’, the “distinct and continuous, tin-dominant zone of mineralisation” lies outside of the project’s sheeted vein system deposit and was previously unnoticed. The discovery is based […]
Tag: Redmoor tungsten-tin-copper
Redmoor tungsten-tin-copper
Strategic issues 88.7m share options
Strategic Minerals plc has granted share options over a total of 88,675,000 new ordinary 0.1p shares to its directors, advisers and certain existing employees of its subsidiary Cornwall Resources Ltd. DIRECTORS The grant is for the “significant contributions to recent progress for the benefit of shareholders”, and is a long-term incentive to retain key personnel. The five-year […]
Strategic posts further strong results at Redmoor
Strategic Minerals plc posted “strong” tungsten, tin and copper mineralisation within a “new tin-dominant zone” for the first time from the 2025 drilling programme at the Redmoor deposit in Kelly Bray, East Cornwall. SILVER The company’s subsidiary Cornwall Resources Ltd received the assays from its diamond core drill campaign of nine boreholes for 5,300 metres. […]
Strategic raises £4m for Redmoor
Strategic Minerals plc has raised gross £4 million through the issue of an aggregate 307,692,308 new ordinary shares in the company of 0.1 pence each, at a price of 1.3p per new ordinary share. TVRs The fundraise comprised a placing and a subscription for 123,076,922 and 184,615,386, respectively. Strategic said that demand had exceeded expectations, […]
Strategic closer to selling Australia copper asset
Strategic Minerals plc has moved closer to focusing solely on its Redmoor tin-tungsten project in Cornwall, following the exercise of an exclusive call option over its Australia copper subsidiary. CASH FLOW The potential buyer, trading as Cuprum Metals, is due to pay the first instalment of A$150,000 (£74,000) to Strategic by no later than 24 […]
Strategic issues 20m new shares
Strategic Minerals plc, parent of Cornwall Resources Ltd, issued 20 million new ordinary shares of £0.001 each, following a warrants exercise at £0.005 per share, for a total £100,000. TVRs Following admission, the company will have 2,369,297,949 ordinary shares in issue, with a equal number of voting rights. Strategic’ assets include the Redmoor tungsten-tin-copper exploration […]