Cornish Metals Inc has granted 12.4 million incentive stock options, each at an exercise price of £0.085 (C$0.14) over common shares without par value, to its executive management and senior staff. The five-year options will vest over a three-year period, with one third of the options vesting at the end of each year, and expire […]
Tag: Cornish Metals Inc
Cornish Metals drill proves ‘large scale’ tin target
Cornish Metals Inc said its 9,000m drilling programme of 14 holes had successfully validated “a new, large-scale, tin-bearing exploration target” of Wide Formation, in Carn Brea South. EXPLORATION The campaign began in September 2023 and today’s reported results are from the final eight holes. Mineralisation was traced over a 2,500m extent up to 800m down […]
Cornish Metals appoints Don Turvey as CEO
Cornish Metals Inc has appointed Don Turvey as chief executive officer and a director of the company. He will relocate from South Africa to Cornwall subject to approval of a UK work visa. Mr Turvey is a mining executive with more than 40 years’ experience including in production, project execution, business development, and minerals resource […]
Cornish Metals agrees $4.5m royalties sale
Cornish Metals Inc has entered a binding US$4.5 million (£3.8m) sale of its royalty interests on the Mactung and Cantung tungsten projects in Northern Canada. PAYMENTS The agreement with Elemental Altus Royalties Corp follows the sale of the Cornish Metals’ Nickel King project, reflecting the Canadian company’s focus on its South Crofty tin project. Start […]
Cornish Metals progresses South Crofty
Cornish Metals Inc has started the second phase of refurbishing the New Cook’s Kitchen shaft at South Crofty tin mine in Cornwall. DEWATERING Operations will include installation of the phase II work platform to enable faster replacement of old shaft timbers with new steel guides. In parallel, the Canadian company is maintaining the water level […]
Cornish Metals to sell Nickel King for C$8m
Cornish Metals Inc plans to sell its Canadian nickel-copper-cobalt properties for C$8 million in cash and shares to focus on the South Crofty tin project in Cornwall. EXPOSURE Nickel King and Opescal Lake, comprising 4,000 hectares in mining leases and mineral claims in the Northwest Territories, are located 135km northeast of Stony Rapids, Saskatchewan. The […]