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Cornish Metals ( (TSE:CUSN) ) has provided an update.
Cornish Metals Inc. announced the exercise of stock options for 800,000 common shares at an exercise price of 10 cents per share, raising an aggregate of C$80,000. The new shares are set to begin trading on AIM and the TSX Venture Exchange, increasing the company’s total issued and outstanding share capital to over 1.25 billion shares. This move reflects the company’s ongoing efforts to advance its South Crofty tin project, which is strategically significant as it aims to become a key player in the tin industry, a critical mineral sector, with potential implications for stakeholders in terms of market positioning and employment opportunities.
More about Cornish Metals
Cornish Metals Inc. is a dual-listed 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 site development. It is positioned to become the only primary tin producer in Europe or North America, benefiting from strong community and government support.
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