Cornish Metals Secures £4.19 Million Grant for South Crofty Tin Project

Cornish Metals ( (TSE:CUSN) ) has issued an announcement.

Cornish Metals Inc. has secured grant funding of up to £4,190,500 for its Bartles Foundry project from the Cornwall and Isles of Scilly Good Growth Programme, supported by the UK Shared Prosperity Fund. This funding will cover 62% of the project’s estimated £6.8 million cost, aiding the construction of essential infrastructure as South Crofty progresses to the underground development phase. The project is expected to generate local employment opportunities and enhance the UK’s domestic supply of essential minerals, reinforcing Cornish Metals’ strategic positioning in the tin industry.

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 company is working towards making South Crofty the only primary producer of tin in Europe or North America, capitalizing on the critical demand for tin in electronic devices and electrical infrastructure.

For a thorough assessment of CUSN stock, go to TipRanks’ Stock Analysis page.