Strategic Minerals today announces it has raised £4m to further advance its Redmoor tungsten (copper-tin) project in Cornwall. It raised the £4m at 1.3p, issuing 308m shares in an oversubscribed placing. The money raised, along with existing funds, cash from the ongoing production of magnetite in the USA and the sale of the Leigh Creek copper project in Australia, will be used to advance the Prefeasibility study at Redmoor. A 16km drilling programme is planned and a drill rig already reserved. W ....
