Strategic Minerals Raises £1 Million to Advance Redmoor Project

Strategic Minerals plc (LSE:SML) has successfully completed an oversubscribed placing, raising £1 million to accelerate development at its flagship Redmoor Tungsten-Tin-Copper project in Cornwall. The proceeds will be used to support working capital and prepare an investment-ready business case, positioning the company to attract future funding and partnerships.

The capital raise was further bolstered by a UK Government match grant, reflecting official recognition of Redmoor’s strategic importance in securing domestic tungsten supply—vital for defense, electronics, and manufacturing industries.

Company Overview

Strategic Minerals plc is an AIM-listed company focused on exploration and production across strategic mineral assets in the UK, US, and Australia. The company’s portfolio includes the Redmoor Project in Cornwall, the Cobre magnetite operation in New Mexico, and the Leigh Creek Copper Mine in South Australia.

Market Snapshot:

• YTD Price Performance: +60.0%

• Average Trading Volume: 4,879,032

• Technical Sentiment Signal: Sell

• Current Market Cap: £8.06 million

While technical indicators suggest a cautious short-term outlook, the company’s recent funding success and government support offer a promising foundation for long-term growth.

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