Tungsten West plc has secured a proposed investment of up to £71 million of public money to restart the Hemerdon tungsten-tin mine in Devon. ‘World class, low cost and long-life resource in the UK’ The company said that the funds from the Government-owned National Wealth Fund completed the funding package for the project. Of the […]
Tag: National Wealth Fund
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 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 […]
Cornish Metals to redomicile by end 2025
Cornish Metals Inc. aims to redomicile from Canada to the United Kingdom during December 2025. INVESTMENT The Canadian company said it had today entered into an agreement with Cornish Metals plc, subject to approvals. Cornish Metals made the decision to redomicile by 24 March 2026, following the £28.6 million investment by National Wealth Fund Ltd, […]
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 […]
Cornish Lithium appoints Gary Steven as NED
Cornish Lithium plc has appointed Gary Steven as a non-executive director while NED Adam Howard steps down. Mr Howard has left to become chief financial officer at Invinity Energy Systems. “I extend my thanks to Adam for his contributions as a non-executive director and wish him every success in his new role,” said Cornish Lithium […]