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 [...]
Cornish Metals Inc. is pleased to announce that it has released its unaudited financial statements and management's discussion and analysis for the nine months ended October 31, 2021. The reports are available under the Company's profile on SEDAR and on the Company's website. Highlights for the nine months ended October 31, 2021 and for the period ending December 15, 2021 Completion of listing and concurrent financing on [...]
Cornish Metals Inc. is pleased to report assay results from three diamond drill holes at the ongoing drill programme at the United Downs copper - tin project, Cornwall, UK. Key Points Drill hole UD21-011A intersected five parallel zones of high-grade copper/tin/silver mineralisation beneath the historic United Mines , as tabulated below; United Mines operated between approximately 1700 and 1870 as a high-grade underground [...]
Cornish Metals Inc. is pleased to report assay results from two diamond drill holes, UD21-006 and UD21-008, which are part of the ongoing drill programme at the United Downs copper - tin project, Cornwall UK. The table below summarises the significant intercepts from the two drill holes: Drill Hole From To Length Copper Tin Zinc Silver Copper Equivalent UD21_006 215.41 217.02 1.61 1.23 0.46 - 14.0 3.08 UD21_008 153.02 [...]
Cornish Metals Inc. reports that it has received final approval from the TSX Venture Exchange for the agreement with Galena Special Situations Limited and Tin Shield Production Inc. to restructure the deferred consideration to be paid to the Sellers on the acquisition of the South Crofty tin project and associated mineral rights in 2016 . Key points: Replacement of fixed and variable payments under the original share [...]
Cornish Metals Inc. is pleased to announce the appointment of Mr. Stephen Gatley to the Board of Directors as an independent non-executive Director. Mr. Gatley is a mining engineer and graduate of the Royal School of Mines, London. He spent the early part of his career working in the Cornish tin industry at both Wheal Jane and South Crofty mines and was the General Manager at South Crofty at the time of its closure in [...]
Cornish Metals Inc. reports that, further to its news release dated June 30, 2021, the Company wishes to provide an update on its agreement with Galena Special Situations Limited and Tin Shield Production Inc. to restructure the deferred consideration to be paid to the Sellers on the acquisition of the South Crofty tin project and associated mineral rights in 2016 . The Company received conditional approval from the TSX-V [...]
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