Cornish Metals Inc. as well as exploring its additional mineral rights located in Cornwall, SW England, is pleased to report that it has commenced a minimum 8,000 metre drill programme at South Crofty. The programme is designed to collect samples for metallurgical testwork as part of the Feasibility Study. Three drill rigs have been contracted from Priority Drilling, two drilling from surface and one from underground in [...]
Cornish Metals Inc. as well as exploring its additional mineral rights, all located in Cornwall, is pleased to report the assay results from nine diamond drill holes drilled to test the Trenares Lode target within the United Downs project. Key Points: The Trenares target area is located approximately 300 m south of the historic, copper-rich, United Mines; Nine drill holes were completed, on three drill sections, for a [...]
Cornish Metals Inc. is pleased to announce that it has released its unaudited financial statements and management, discussion and analysis for the three months ended April 30, 2022. The reports are available under the Company’s profile on SEDAR and on the Company’s website. Highlights for the three months ended April 30, 2022 and for the period ending June 22, 2022
Cornish Metals announces that following a tender process led by the Audit Committee, the Board has approved the appointment of PKF Littlejohn LLP to replace Davidson & Company LLP as the Company’s auditor. PKF’s appointment will be recommended for approval by shareholders at the Company’s next annual general meeting expected to be held at the end of July 2022. There have been no modified opinions in the auditor’s reports [...]
Cornish Metals is pleased to announce that Vision Blue Resources has nominated Mr. Tony Trahar as its representative to the Board of Directors of the Company. Mr. Trahar has had a distinguished 40 year career in the mining, natural resources and industrial sectors. From 2000 to 2007 he was CEO of Anglo American Plc, one of the world’s largest mining groups, and was also a director of Anglo Gold, Anglo Platinum and De [...]
Cornish Metals reports that it has completed the sale of a 1% Net Smelter Return royalty on the Sleitat tin-silver project, to Electric Royalties Ltd in return for $100,000 cash and 1,000,000 common shares of Electric. As previously announced, the Consideration Shares will be subject to a voluntary lockup agreement whereby 50% of the Consideration Shares will be subject to a six month hold period and the balance subject [...]
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 [...]
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