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An announcement from Cornish Metals ( (TSE:CUSN) ) is now available.
Cornish Metals Inc. has released its audited financial statements for the year ended December 31, 2024, highlighting significant advancements in its South Crofty tin project. Key developments include a strategic £57.4 million fundraise to support project de-risking and advancement, the appointment of Don Turvey as CEO, and a US$9.1 million credit facility to aid ongoing development. The company also completed a Preliminary Economic Assessment (PEA) confirming the project’s economic viability, with a post-tax NPV of US$201 million and an IRR of 29.8%. These efforts position Cornish Metals to continue progressing towards production, with significant milestones expected in 2025, including mine dewatering and shaft refurbishment.
More about Cornish Metals
Cornish Metals Inc. is a mineral exploration and development company primarily focused on its South Crofty tin project in Cornwall, United Kingdom. The company is dedicated to advancing this 100% owned and permitted project, which is a significant part of its market focus.
YTD Price Performance: -12.50%
Average Trading Volume: 34,092
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$90.33M
See more insights into CUSN stock on TipRanks’ Stock Analysis page.