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An announcement from Cornish Metals ( (TSE:CUSN) ) is now available.
Cornish Metals Inc. has successfully closed the final tranche of its fundraising initiative, raising gross proceeds of £46,666,055 to further develop its South Crofty Tin Mine. The funds will be used for shaft refurbishment, de-watering, early project works, and completing the project finance process. Additionally, the company has appointed James Whiteside as a Non-Executive Director, representing the National Wealth Fund, which now holds a significant stake in the company. This strategic move is expected to bolster the company’s governance and enhance its focus on critical minerals.
More about Cornish Metals
Cornish Metals Inc. is a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project located in Cornwall, United Kingdom.
Average Trading Volume: 39,986
Technical Sentiment Signal: Sell
Current Market Cap: C$107.1M
Find detailed analytics on CUSN stock on TipRanks’ Stock Analysis page.