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Strategic Minerals ( (GB:SML) ) just unveiled an update.
Strategic Minerals plc has announced significant progress in its Redmoor Critical Minerals Project, with drilling activities set to commence in late June. The project, which has secured funding from the UK Government’s Shared Prosperity Fund and a £1,000,000 fundraise, aims to update the Mineral Resource Estimate by Q1 2026. The company has obtained necessary permissions and expanded its technical team, indicating a strong commitment to advancing its exploration and production capabilities in the critical minerals sector.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted minerals company engaged in developing strategic projects in the UK, United States, and Australia. The company owns Cornwall Resources Limited, which focuses on exploring tungsten, tin, and copper resources in the Tamar Valley, Cornwall, particularly through the Redmoor Project.
Average Trading Volume: 6,067,882
Technical Sentiment Signal: Buy
Current Market Cap: £6.58M
Learn more about SML stock on TipRanks’ Stock Analysis page.