Cornish Metals Inc ended last year with a significant increase in cash despite nearly doubling losses at its copper-tin project in Cornwall. FINANCES The Canadian company published its annual results on the same day it announced that Sir Mick Davis‘s Vision Blue Resources Ltd will be the ‘controlling person’ with the completion of a £40 […]
Tag: tin
Cornish Metals shareholders back VBR control for £40.5m
Cornish Metals Inc said its shareholders had accepted Vision Blue Resources Ltd (VBR) ownership of up to 43% to secure £40.5 million for the South Crofty tin-copper project. RESOLUTIONS The Canadian company added that the Secretary of State had confirmed no action would be taken under the UK National Security and Investment Act 2021 in […]
CRL extends Redmoor licence by 10 years
Cornwall Resources Ltd has extended its existing exploration licence agreement to 2037 for the Redmoor copper-tin-tungsten project. LICENCE In October 2012, New Age Exploration Ltd held the original exploration licence which was due to expire in 2027. The licence covers 23km2 surrounding the Redmoor deposit in East Cornwall and provides the rights to explore over the […]
Cornish Tin raises £900,000
Cornish Tin Ltd said the entire allocation of shares for a fundraise had sold out after reaching £900,000 for its Great Wheal Vor project near Breage. Chief executive Sally Norcross-Webb added that the raise, opened at 10am today to those who had previously expressed interest, resulted in an oversubscription of more than 250%.
Cornish Tin opens fundraise to public
Cornish Tin Ltd said that following “an extremely strong response” it would extend its recent fundraise to the public for its Great Wheal Vor project. MINERAL RIGHTS Money received will advance work at a group of 26 former producing tin and copper mines near the village of Breage in Cornwall. The company added it had […]
Cornish Tin plans crowdfunding for Great Wheal Vor
Cornish Tin Ltd plans to raise finance via crowdfunding for its tin-copper-lithium-tungsten project at Great Wheal Vor near the village of Breage in Cornwall. FULL RIGHTS The company’s first and flagship project is the group of 26 former producing tin and copper mines in the mining district of Breage. Cornish Tin owns full rights to extract […]