Strategic Minerals plays key role, via Cornwall Resources, in government-funded Green Economy Centre
Cornwall Resources will co-lead one of the trans-disciplinary work packages within the new Centre, with a focus on using CRL's Duchy of Cornwall licence area as a physical laboratory for new ideas and the development of extraction frameworks.
CRL's project manager, Dennis Rowland, played a key role throughout the process in the University of Exeter securing £4.5 million in funding for the establishment of the Green Economy Centre.
The Green Economy Centre's focus is on sustainable extraction of tin, tungsten, lithium and other critical minerals which will be needed to support the UK's transition to a green economy.
CRL is to co-lead one of the trans-disciplinary packages and will co-contribute through access to its extensive mineral rights footprint, including CRL's Duchy of Cornwall licence, and will provide personnel support.
Involvement strongly aligns with the company's strategic objectives for Redmoor, one of which is the continued expansion of its understanding of the geology and prospectivity of its Tamar Valley Licence Area, licenced from the Duchy of Cornwall.
This project aligns with the UK's Critical Minerals Strategy, supporting the responsible sourcing of raw materials essential for digital technologies and advanced manufacturing.
The £4.5 million funding will be matched across a four-year period through in-kind project activities and cash spending by all the project’s contributing parties.
CRL will provide its licence area as a field site for the acquisition of new datasets and as a trial site, with the aim, in conjunction with project partners, of the development and testing of frameworks and expertise in responsible extraction of new and alternative critical minerals deposits.
"I congratulate the University of Exeter on advancing through a competitive application and selection process and in securing this significant UKRI investment,” said Peter Wale, executive of Strategic Minerals.
“This funding is a further acknowledgement of the southwest's position at the forefront of the UK's domestic critical minerals industry. CRL's team, alongside other Cornish-based companies, joined the University in the co-creation of the successful funding bid, with our project manager, Dennis Rowland, also taking a key role in the entire process. CRL will co-lead, with Camborne School of Mines, one of the planned pillar projects of the new centre.”
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Significant benefits should accrue from CRL’s involvement in the new Green Economy Centre. For one thing, the company is locked in tighter to the local community, to Exeter University and the Cambourne School of Mines. That’s no bad thing, both in terms of the cross-pollination of ideas, and in terms of shared expertise. Second, the knowledge base surrounding Redmoor should expand significantly as a result of this collaboration, which could redound to the benefit of shareholders. And third, being in partnership with the UK government will be useful when it comes to permitting and other regulatory matters.
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