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Cornish Metals ( (TSE:CUSN) ) just unveiled an announcement.
Cornish Metals has provided an update on its South Crofty tin project, highlighting significant progress in both underground and surface activities. Underground, the refurbishment of the New Cook’s Kitchen mid-shaft pump station is advancing, with mine dewatering expected to resume soon. Surface activities include the second phase of excavation for a new pre-concentration plant and construction of a new workshop and stores facility, both on track for completion in early 2026. These developments are crucial for training new miners and advancing the project towards production, reinforcing Cornish Metals’ position in the tin industry.
Spark’s Take on TSE:CUSN Stock
According to Spark, TipRanks’ AI Analyst, TSE:CUSN is a Neutral.
Cornish Metals faces significant financial challenges typical for early-stage mining companies, including operational losses and high cash burn. However, recent successful fundraising and strategic land acquisition are positive steps towards project development. Technical indicators show mixed signals, with the stock trading below key moving averages but showing potential for momentum improvement.
To see Spark’s full report on TSE:CUSN stock, click here.
More about Cornish Metals
Cornish Metals is a mineral exploration and development company focused on advancing the South Crofty critical mineral project in Cornwall, United Kingdom. The project is a historical underground tin mine with existing infrastructure and is the highest grade known tin resource not currently in production. It is permitted for underground mining and construction of a new processing facility, potentially making it the first primary producer of tin in Europe or North America. The project benefits from strong local and governmental support and could create over 300 direct jobs.
Average Trading Volume: 114,541
Technical Sentiment Signal: Sell
Current Market Cap: C$181.9M
For an in-depth examination of CUSN stock, go to TipRanks’ Overview page.