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Cornish Metals ( (TSE:CUSN) ) has issued an update.
Cornish Metals Inc. has announced a strategic investment and proposed fundraising to raise a minimum of £56 million to advance the South Crofty tin project. The fundraising involves a strategic investment by the National Wealth Fund Limited and participation from Vision Blue Resources Limited, along with a conditional placing and a retail offer. The funds will be used for project development, including shaft refurbishment, de-watering, and early project works.
More about Cornish Metals
Cornish Metals Inc. is a mineral exploration and development company focused on advancing and restarting its 100% owned South Crofty high-grade tin project in Cornwall, UK.
YTD Price Performance: -10.62%
Average Trading Volume: 67,614
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$77.61M
Find detailed analytics on CUSN stock on TipRanks’ Stock Analysis page.