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Cornish Metals: Well positioned to capitalise on rising tin prices

Last updated: 03:34 15 Mar 2024 EDT, First published: 08:10 23 Jun 2021 EDT

Snapshot

  • Cornish Metals chief executive to leave at end of month  
  • Cornish Metals working towards re-opening the iconic South Crofty tin mine
  • Cornish Metals' South Crofty Project: A beacon of economic and environmental promise
  • Cornish Metals makes progress with dewatering South Crofty tin mine; on track with feasibility study
Cornish Metals: Well positioned to capitalise on rising tin prices

About the company

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 the potential for the discovery of tin, copper, lithium, tungsten, zinc and silver mineralization.

Cornish Metals also maintains an interest in the Nickel King project, an exploration property which is prospective for nickel in the Northwest Territories in Canada and the Sleitat project, an exploration property which is prospective for tin and tungsten in Alaska.

In addition, the company holds a royalty on two non-producing tungsten assets located in the Northwest Territories and the Yukon, Canada. 

How it is doing

15 Mar 2024

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF), the tin-focused mining company, has announced the departure of its chief executive officer Richard Williams at the end of the month.

Williams will also leave the group’s board on March 31 but will remain in a consulting role upon his exit.

Ken Armstrong, a non-executive director will step in as interim chief executive, while Patrick Anderson, the board’s chairman, will take up the role of executive chairman while searching for a permanent replacement.

A new chief executive will be required to help guide the company through the construction stage of the development of the South Crofty project, the Cornwall-based tin mine.

04 Mar 2024

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has brought forward refurbishment plans for the New Cooks Kitchen (NCK) shaft at the South Crofty mine in Cornwall after an assessment of the state of the timbers.

Consequently, proceeds raised in a fundraise in May 2022 will be reallocated to accommodate the work, which will allow larger machinery to enter NCK at an earlier stage of mine development than previously expected.

05 Feb 2024

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) said ongoing drilling at Carn Brea at the South Crofty mine in Cornwall has confirmed the Wide Formation as a new large, tin-bearing exploration structure as well as hitting a potential discovery.

With drilling designed to confirm and test the structure of Wide Formation, finding mineralised structures above and below is a “bonus”, said Richard Williams, chief executive.

Insight: Cornish Metals working towards re-opening the iconic South Crofty tin mine

26 May 2021

Mining in Cornwall is a matter of history, isn’t it? A thing of the past?

Not if you talk to Richard , CEO of Cornish Metals Inc (AIM:CUSN)(TSX-V:CUSN). Williams is from a Welsh mining family that goes back generations, and has worked all over the world in the industry.

What the brokers say

10 Oct 2023

In a sector often marred by uncertainty, Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has emerged with uplifting news that stands to benefit both investors and environmentalists alike, according to a research note from Liberum.

The company's South Crofty tin project in Cornwall has delivered X-ray transmission (XRT) ore sorting results that have exceeded even the most optimistic projections, the investment bank noted.

This development not only bodes well for the project's economic viability but also promises a reduced environmental footprint.

What management says

05 Feb 2024

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) CEO Richard Williams speaks to Stephen Gunnion from Proactive on latest developments at the company's South Crofty tin mine in Cornwall.

Following the completion of the water treatment plant in October, the company has successfully de-watered the mine, reaching a depth of 220 meters. Williams outlined the upcoming milestones, including reaching the 195-fathom level pump station by March and installing a new pump station.

The company aims to restart the mine by the end of 2026, with ongoing activities such as refurbishing shafts, underground development, and a feasibility study for bar infill drilling.

Cornish Metals makes progress with dewatering South Crofty tin mine; on...

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) CEO Richard Williams speaks to Stephen Gunnion from Proactive on latest developments at the company's South Crofty tin mine in Cornwall. Following the completion of the water treatment plant in October, the company has successfully...

on 02/05/2024