Cornish Metals plc’s surface diamond drilling has intersected “multiple target mineralised structures” which could potentially increase resource in the Roskear area of the South Crofty tin mine project. MINERALISATION The 2,400-metre programme aims to test extensions to known mineralisation and evaluate several priority exploration targets. Drill hole SDD26_001A reached a depth of 1,199.1m and “intersected […]
Tag: Cornish Metals plc
Cornish Metals agrees up to £52m credit
Cornish Metals plc has agreed up to a combined £52 million through secured credit facilities with its major shareholders, the publicly-funded National Wealth Fund Ltd and private investor Vision Blue Resources Ltd. DE-RISK The NWF holds 28.45% of the company will provide £35m, while Vision Blue, which owns 29.08%, will give US$22.75m (£17m) to progress […]
Cornish Metals receives $225m LoI from EXIM
Cornish Metals plc said it had received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for potential financing of up to US$225 million for South Crofty in Cornwall. SOUTH CROFTY The company added that the tin mine project “may also qualify for special consideration under EXIM’s China and Transformational Exports […]
Cornish Metals lists on AIM
Cornish Metals plc today listed on the AIM market of the London Stock Exchange, following completion on 16 December of its redomicile to the UK. FINANCE The Canadian company, progressing its South Crofty tin mine project in Cornwall, issued its entire ordinary share capital of 125,450,089 ordinary shares to trading. The move meets the National Wealth […]