UK National Wealth Fund invests in tin
The UK’s National Wealth Fund, wholly owned by HM Treasury, has committed to invest at least £25 million in South Crofty mine developer Cornish Metals. As a part of successful fundraising of a minimum of £56 million, Cornish Metals announced on Tuesday that the...Cornish Metals secures $9.1 million from Vision Blue
South Crofty developer Cornish Metals (ASM/TSX-V: CUSN) has announced that it has secured a further US$9.145 million from major shareholder Vision Blue Resources. Cornish Metals (formerly Strongbow Exploration) has been actively working to develop the historic mine in...Cornish Metals constrains Wide Formation mineralisation
South Crofty developer Cornish Metals (AIM/TSX-V: CUSN) has announced final drilling results from its exploration of the Wide Formation adjacent to the existing South Crofty mine in Cornwall. The 14 hole, 8,993 m drilling programme successfully tested the geometry and...Cornish Metals publishes South Crofty PEA
Tin explorer Cornish Metals (AIM/TSX-V: CUSN) has published a Preliminary Economic Assessment (PEA) for the South Crofty project, highlighting a base case after-tax Net Present Value (NPV) of US$201 million and Internal Rate of Return (IRR) of 29.8%. The company has...Cornish Metals discovers new tin mineralisation near South Crofty at Carn Brea
South Crofty developer Cornish Metals (AIM/TSX-V: CUSN) has reported results from the first six drill holes of the company’s ongoing Carn Brea drill programme, which identify new mineralised structures beneath the historically mined Great Flat Lode. All six drill...Cornish Metals advances towards PEA and Feasibility Study completion in 2024
Mineral explorer and developer Cornish Metals Inc (AIM/TSX-V: CUSN) has provided an update on the advancements at the South Crofty project and a look ahead to the company’s objectives in 2024. In September 2023, the company announced the completion of an updated...ITA analysts visit South Crofty
In late November, analysts from the International Tin Association’s UK and China offices visited Cornish Metals’ South Crofty tin project in Redruth, Cornwall. The visit encompassed meetings with the mine management team and tours of the underground and surface...South Crofty dewatering progressing faster than expected
Cornish Metals Inc. (AIM/TSX-V: CUSN) has provided an update on the dewatering of the historic South Crofty tin mine, which is progressing at a faster-than-expected rate. The company last month commenced dewatering of the mine near Redruth, which was in continuous...Cornish Tin crowdfunds over £1 million investment
Cornish Tin has raised £1.1 million on Crowdcube, over 250% of its £420,000 target, from 1,700 investors for its Great Wheal Vor tin exploration project in Cornwall. Great Wheal Vor is a group of 26 former tin and copper mines that closed in the 1870s during a...
