Strategic Minerals says U.S. Department of War invested $9.25 million in subsidiary
Company says the investment in wholly owned Cornwall Resources is non-dilutive and has no restrictions on future funding or offtakes.
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Strategic Minerals Says U.S. Department Of War Invested $9.25M In Subsidiary
Strategic Minerals PLC LSE:SML
Strategic Minerals says U.S. government invests $9.25 million in CRL
Strategic Minerals said the U.S. Department of War has invested $9.25 million in its subsidiary Cornwall Resources Limited to accelerate the Redmoor tungsten-copper-tin project in Cornwall, UK. The company said the funding is non-dilutive and will support feasibility and pre-development work.