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US supports UK tungsten project Redmoor with $9.25m funding

Redmoor mine

Redmoor mine

28th September 2026

By: Marleny Arnoldi

Online News Editor

     

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Aim-listed Strategic Minerals has secured a $9.25-million investment in its wholly-owned subsidiary Cornwall Resources from the US Department of War.

The funding will support the acceleration of the Redmoor tungsten/copper/tin project in the UK through all feasibility studies and toward a final investment decision for mining.

Redmoor is believed to be Europe's highest-grade undeveloped tungsten resource and one of the highest-grade tungsten projects globally.

Strategic Minerals says the US investment reflects support for the development of a secure and resilient allied tungsten supply, as well as recognises Redmoor's potential importance to the US and allied advanced manufacturing, defence and critical mineral supply chains.

The investment is non-dilutive and has no restrictions on future funding of offtakes.

Some of Redmoor's current works include resource infill and expansion drilling, prefeasibility and definitive feasibility studies; metallurgical, processing and engineering studies and pre-site development activities aimed at fast-tracking the route to underground mining.

 

Edited by Creamer Media Reporter

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