tiprankstipranks
Company Announcements

Cornish Metals to Hold Special Shareholder Meeting for Fundraising Approval

Story Highlights
Cornish Metals to Hold Special Shareholder Meeting for Fundraising Approval

Discover the Best Stocks and Maximize Your Portfolio:

The latest announcement is out from Cornish Metals ( (TSE:CUSN) ).

Cornish Metals Inc. has announced a special virtual meeting of its shareholders on March 18, 2025, to obtain the necessary approvals for a fundraising effort aimed at raising £57.4 million. The meeting will address resolutions including the approval of the National Wealth Fund Limited as a new control person, authorization for directors to allot shares, and a proposed performance share plan. This move is expected to significantly impact Cornish Metals by providing financial support for the development of its South Crofty tin project, further strengthening its market position in the tin mining industry.

More about Cornish Metals

Cornish Metals Inc. is a mineral exploration and development company focused on advancing its fully owned South Crofty tin project located in Cornwall, United Kingdom. The company operates primarily within the mining industry, concentrating on the development of tin resources.

YTD Price Performance: -18.75%

Average Trading Volume: 41,476

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$69.59M

For an in-depth examination of CUSN stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1