Cornwall Resources Ltd’s parent company has raised £1 million via a 25% discounted placing of 333,333,333 new ordinary shares to certain investors at a price of 0.3 pence per share. TUNGSTEN Strategic Minerals plc said that proceeds of the oversubscribed placing would be mainly used to progress the Redmoor tungsten-tin-copper project in Cornwall and for […]
Tag: Strategic Minerals plc
Cornwall Resources to progress Redmoor with £1.5m
Cornwall Resources Ltd has agreed more than £764,000 funding with the Government for the first exploration drilling since 2018 at its Redmoor tungsten, tin and copper project. MRE The company’s parent Strategic Mineral Resources plc said it would match the funds up to a total project spend of £1,529,701. Operations over 12 months will include […]
Cornwall Resources director retires
Cornwall Resource Ltd’s director and executive director of parent company Strategic Minerals plc, Peter Wale, has retired effective from today. Mr Wale is also leaving the board of Strategic Minerals to focus on his other business interests. “On behalf of the board of directors, I want to thank Peter for his long standing service” said […]
CRL’s parent appoints Riverfort chairman as NED
Cornwall Resources Ltd’s parent company Strategic Minerals plc has appointed Philip Haydn-Slater as an independent non-executive director, with immediate effect. Mr Haydn-Slater is currently non-executive chairman of Riverfort Global Opportunities plc. His experience in public and private companies has covered corporate finance, investments, and he has also held board positions of publicly listed firms. Mr […]
Strategic Minerals managing director retires
Strategic Minerals plc managing director John Peters has retired and left the board with effect from today. The company is parent to Cornwall Resources Ltd exploring for tin and tungsten. Mr Peters will remain as a consultant for six months during the transition. Non-executive director Mark Burnett becomes executive director while Strategic Minerals seeks a […]
CRL misses grant funding for Redmoor
Cornwall Resources Ltd missed a grant after match funding failed for the conditional offer from the Cornwall and Isle of Scilly Council for its Redmoor tungsten-tin project. APPLICATIONS The company said it had received a “strong letter of support” from a “party developing similar deposits” but external factors resulted in no funds forthcoming. Short notice and […]