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Communi

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Company
Presentation

Communi

Company Video

Cornish Metals Inc. (TSX-V:CUSN, AIM:CUSN), is a dual-listed company focused on advancing the South Crofty high-grade, underground tin project through to delivery of a feasibility study, as well as exploring its additional mineral rights, all located in Cornwall, SW England. The Company’s mineral rights have potential for the discovery of tin, copper, lithium, tungsten, zinc and silver mineralization.

In May 2022, the Company completed a £40,500,000 financing, which included a £25,000,000 investment from Vision Blue Resources (“VBR”), a resource investment fund focused on metals essential to the energy transition to renewable power sources. VBR is headed by Sir Mick Davis, who was instrumental in growing Xstrata to one of the world’s largest mining companies. As a result of its investment, VBR owns approximately 27% of CUSN’s issued and outstanding shares.

The £40.5M funding is designed to achieve the following objectives:

  • Construct a water treatment plant at South Crofty
  • Dewater the South Crofty underground mine workings
  • 22,000m of diamond drilling from surface to collect samples for various metallurgical, ore sorting, and tailings studies
  • 25,000m of underground diamond drilling to convert Inferred Mineral Resources to Indicated Mineral Resources and to increase the size of the current Mineral Resource Estimate
  • Deliver a Feasibility Study by the end of 2024 in order to make a project financing and production decision at South Crofty

South Crofty possesses one of the highest grade undeveloped tin resources globally, and has a very long history of mining, with first recorded production commencing in 1592, and continuing up until 1998. The project has an Underground Permission valid until 2071, full Planning Permission to build a new process plant, and an Environmental Permit to dewater the mine. 

Tin, copper and lithium are fundamental to growth in the technology sector and the transition to a low carbon economy and are used in key fast growing technological applications including batteries, robotics, renewable power, 5G and cloud-based data storage. 

Tin, in particular, has seen very strong price increases since early 2021, reflecting a growing supply / demand deficit.

The Company believes that demand for ethically / responsibly / domestically mined tin will continue to increase.

CORNISH METALS COMMUNITY MEETING

Interested? To attend please register here.

latest news

Jul 28, 2022
News Release:

Cornish Metals Announces Results of its 2022 Annual General and Special Mee...

Jul 10, 2022
News Release:

Cornish Metals Commences 8,000m - 12,000m Metallurgical Study Drill Program...

Jun 29, 2022
News Release:

Cornish Metals Reports Drilling from the Trenares Target, United Downs Proj...

latest tweets

Aug 14, 2022The Park Bottom drill programme is now well underway. Intersections from the 'North Pool Zone' will form a key co… twitter.com/i/web/status/1…
Aug 6, 2022The underground drill rig at South Crofty has been sited and all checks carried out. Core is now being collected t… twitter.com/i/web/status/1…
Jul 25, 2022The @CMA_Minerals latest #ESGpaper, 'Breaking Down Barriers for Responsible Sourcing of Critical Minerals' is out n… twitter.com/i/web/status/1…

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