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Cornish Metals Completes Fundraising and Appoints New Director

Story Highlights
  • Cornish Metals closed its fundraising, raising £46,666,055 for South Crofty Tin Mine development.
  • James Whiteside joins as Non-Executive Director, representing a major stakeholder, the National Wealth Fund.
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Cornish Metals Completes Fundraising and Appoints New Director

Confident Investing Starts Here:

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.

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