(NewsDirect)
Strategic Minerals PLC (AIM:SML,OTC:SMCDF) Chairman Alan Broome speaks to Thomas Warner from ProactiveLondon during a visit to the UK, where he's just completed a"very comprehensive" visit to the Redmoor Tin and TungstenProject in Cornwall.
He reports onrecent developments in the tin and tungsten markets and progress inbringing the Project into production. He says that the companyrecently submitted a comprehensive grant application to localauthorities, which was not supported - however, Strategic Minerals hasbeen encouraged them to resubmit a modified application for the nextround in early August. Broome also highlights that Both tungsten andtin have been classified as critical minerals globally, gainingsignificant importance due to their uses in various industries,including electric vehicles and armaments.
The United States indicated that the UK may be recognised as adomestic source of tungsten, potentially attracting new investments.He describes the Redmoor project as the world's largestundeveloped underground tungsten asset.
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