Cornish Metals Inc has hosted a visit by the HRH The Princess Royal to the South Crofty tin and copper mine in the village of Pool in Redruth, Cornwall. PRODUCTION The Princess Royal unveiled a plaque on 6 May to reopen the New Cook’s Kitchen shaft which is undergoing refurbishment to allow re-entry to the […]
Tag: Cornish Metals Inc
Cornish Metals expands South Crofty footprint
Cornish Metals Inc. has further expanded its licence area by 4.5 acres, for a total 32.5 acres, at its South Crofty tin project in Cornwall. ACREAGE The land, purchased from Cornwall Council, is immediately next to existing surface land owned by the Canadian company. The extra acreage gives direct access to the main road at […]
Cornish Metals appoints James Whiteside as NED
Cornish Metals Inc has appointed James Whiteside as a non-executive director to the board, effectively immediately. The appointment follows the Canadian company’s approximately £56 million fundraise via a placing of 700m new common shares and retail offer for its South Crofty tin project in the village of Pool near Cambourne. Results of the fundraise gives […]
South Crofty concept target could increase MRE
Cornish Metals Inc. said it had developed a “near mine exploration target” with the potential to add six to 13 million tonnes resource at the South Crofty tin project in Cornwall. GENERATIONS The quantity and grade are “conceptual in nature” and without sufficient data for mineral resource classification but the target demonstrates the “potential to […]
Cornish Metals grants 2.5m stock options to CEO
Cornish Metals Inc has granted 2.5 million incentive stock options over common shares without par value in the company to its chief executive officer Don Turvey. The options have an exercise price of £0.085 per share over a five-year term. Cornish Metals has to date granted a total 29,450,000 options, representing 5.50% of the issued […]
Cornish Metals secures £7m for South Crofty
Cornish Metals Inc. has entered into a non-dilutive £7 million (US$9.1m) secured credit facility with its 25.95% shareholder Vision Blue Resources Ltd for the South Crofty tin project. DISCUSSIONS The facility, with a term until 31 March 2025 and carrying 15% interest per annum, will be used for general operating and corporate purposes. Chief executive […]