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Cornish Metals Announces Stock Option Exercise and New Equity Issuance

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Cornish Metals Announces Stock Option Exercise and New Equity Issuance

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An announcement from Cornish Metals ( (TSE:CUSN) ) is now available.

Cornish Metals Inc. announced the exercise of stock options by CFO Matthew Hird, resulting in the issuance of 249,626 new common shares. These shares have been admitted for trading on AIM and the TSX Venture Exchange, with the sale of the shares executed at 7.80 pence each. This transaction maintains Mr. Hird’s beneficial interest in the company unchanged and increases the company’s issued and outstanding share capital to 1,253,751,619 common shares. The move reflects the company’s ongoing financial activities and could impact shareholder calculations regarding their interests.

More about Cornish Metals

Cornish Metals is a mineral exploration and development company focused on advancing the South Crofty tin project in Cornwall, United Kingdom. The South Crofty project is a historical, high-grade underground tin mine with existing infrastructure and permits for mining and processing. It is positioned to be the only primary producer of tin in Europe or North America, a critical mineral used in electronic devices and electrical infrastructure.

See more data about CUSN stock on TipRanks’ Stock Analysis page.

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