Cornish Metals reports that, further to the Company’s news release dated November 3, 2021, it has received TSX-V approval for the issuance of 20,298,333 common shares of the Company to Galena Special Situations and Tin Shield Productions Inc. This payment was triggered by the Company raising funding for the dewatering of South Crofty mine. The Milestone 1 Shares represent consideration equivalent to an amount of [...]
Cornish Metals is pleased to announce that it has closed the previously announced £40,500,000 unit offering. Richard Williams, CEO of Cornish Metals, stated; “The completion of this financing allows Cornish Metals to push ahead with the dewatering of the mine and delivery of a Feasibility Study in order to make a production decision for the South Crofty tin project.
Cornish Metals is pleased to announce the results of the Special Meeting of shareholders held on May 19, 2022 to seek the shareholder approvals necessary to complete the previously announced unit offering to raise proceeds of up to £40,500,000. At the Special Meeting, shareholders were asked to approve the following resolutions: (i) an ordinary resolution of disinterested shareholders of the Company to approve the [...]
Cornish Metals is pleased to announce that it has released its annual audited financial statements and management, discussion and analysis for the year ended January 31, 2022. The reports are available under the Company’s profile on SEDAR and on the Company’s website. Highlights for the year ended January 31, 2022 and for the period ending May 17, 2022.
Cornish Metals Inc. announces that a special meeting of its shareholders will be held virtually via live audio teleconference on Thursday, May 19, 2022, at 9am / 5pm to seek the shareholder approvals necessary to complete the previously announced unit offering to raise proceeds of up to ?40,500,000. On April 18, 2022, the TSX Venture Exchange conditionally approved the Offering. At the Meeting, shareholders of the Company [...]
Offering to raise up to ?40.5 million comprising ?25 million strategic investment by Vision Blue Resources, a vehicle founded by Sir Mick Davis to invest in green energy-related metal and mineral resource companies ?15.5 million from a private placing to existing and new UK institutional investors as well as a subscription by existing Canadian investors and eligible accredited private investors Net proceeds will advance [...]
Highlights Offering to raise up to ?40.5 million comprising ?25 million strategic investment by Vision Blue Resources, a vehicle founded by Sir Mick Davis to invest in green energy-related metal and mineral resource companies ?15.5 million from a private placing to existing and new UK institutional investors as well as a subscription by existing Canadian investors and eligible accredited private investors Net proceeds [...]
Cornish Metals Inc. , a mineral exploration and development company focused on tin / copper projects in Cornwall, United Kingdom, provides the following update. As previously announced in the Company's news release dated September 7, 2016, the Company initially entered into an agreement with Blytheweigh , a London based media relations company, in respect of the provision of certain advice and guidance in communicating [...]
Cornish Metals Inc. is pleased to announce that it has reached an agreement, through a wholly-owned subsidiary of the Company, to sell a 1% Net Smelter Returns Royalty on its Sleitat tin-silver project in Alaska to Electric Royalties Ltd. for the following consideration: 1,000,000 common shares of Electric Royalties Ltd. CDN$100,000 cash Upon issuance at closing of the transaction, the Consideration Shares will be subject [...]
Electric Royalties Ltd. is pleased to announce the signing of a binding letter of intent with a wholly-owned subsidiary of Cornish Metals Inc to acquire a newly granted 1% Net Smelter Royalty on mining claims comprising core strategic tenure at the Sleitat Mountain Tin-Silver deposit in Southwestern Alaska. Brendan Yurik, CEO of Electric Royalties commented, "We are tremendously excited about adding the first tin royalty [...]
Cornish Metals Inc. is pleased to announce that it has reached an agreement with Sir Ferrers Vyvyan of Trelowarren in Cornwall to lease certain mineral rights owned by the Vyvyan family. The mineral lease covers an area of 222 hectares and is valid for 25 years. The lease will enable Cornish Metals to explore and mine within all the mineral right areas owned by the Vyvyan family inside the South Crofty Underground [...]
Cornish Metals Inc. is pleased to report that it has received notice from Cornish Lithium Ltd whereby CLL has elected to extend its option to explore the Company's mineral rights in Cornwall, UK, for minerals-in-brine for a further 12 months. Under the Exploration and Option Deed entered into by the Company and CLL in January 2017, CLL has chosen to extend the Deed for an additional 12-month period in consideration for [...]