Brief
US War Department Funds UK Tungsten Project
The investment aims to accelerate feasibility studies and secure a new source of tungsten for allied defence and advanced manufacturing.
By Felo News Desk · Published
The United States Department of War has committed $9.25 million to Cornwall Resources Limited, a wholly owned subsidiary of Strategic Minerals, to speed up the Redmoor tungsten‑copper‑tin project in Cornwall, UK. The funding will support a range of technical and commercial work, including resource infill, drilling, metallurgical studies and a definitive feasibility study, with the goal of reaching a final investment decision within 32 months of the programme start date.
Strategic Minerals’ executive chairman, Charles Manners, said the investment demonstrates the strengths of the Redmoor project and thanked the US government for its support. Managing director Dennis Rowland added that the funding would add significant momentum to the project’s accelerated development.
Key facts
- US Department of War invested $9.25 million in Cornwall Resources Limited (mining.com)
- Funding will support feasibility studies and a definitive feasibility study (mining.com)
- Goal is to reach a final investment decision within 32 months (mining.com)
Sources
- [1] mining.com — originally reported as “Strategic Minerals gets $9. 2M Department of War funding for UK tungsten project”
