Strategic Minerals PLC (AIM: SML, OTC: SMCDF) plans to revise and resubmit its application for a grant to the Cornwall and Isles of Scilly Council’s (CIoS) shared prosperity fund after its initial proposal for the Redmoor project was rejected.
John Peters, the Managing Director of Strategic Minerals, stated: “The team at Cornwall Resources Limited (CRL) submitted a significant, well-founded application for a comprehensive grant, which provided them with invaluable experience for their upcoming revised grant application.
“They continue to engage with both the Cornwall Council and other local stakeholders.
“Based on our recent promising discussions with various entities, we are optimistic about advancing the Redmoor project in the latter half of the year, which might include the potential expansion of its mineral rights catchment area.”
Cornwall Resources is also exploring opportunities to broaden its influence in the region, according to Peters, particularly considering the UK is projected to be recognized as a “domestic” source for US supplies of tungsten and tin.
Meanwhile, at Leigh Creek in Australia, two more parties have signed confidentiality agreements to gain access to the project’s data room.
“The ‘Copper to the World’ presentation has stimulated a resurgence of interest in the Leigh Creek Copper Mine project, which we are actively pursuing,” Peters concluded.
