Cornish Metals Inc. said it had developed a “near mine exploration target” with the potential to add six to 13 million tonnes resource at the South Crofty tin project in Cornwall. GENERATIONS The quantity and grade are “conceptual in nature” and without sufficient data for mineral resource classification but the target demonstrates the “potential to […]
Tag: Cornish Metals Inc
Cornish Metals grants 2.5m stock options to CEO
Cornish Metals Inc has granted 2.5 million incentive stock options over common shares without par value in the company to its chief executive officer Don Turvey. The options have an exercise price of £0.085 per share over a five-year term. Cornish Metals has to date granted a total 29,450,000 options, representing 5.50% of the issued […]
Cornish Metals secures £7m for South Crofty
Cornish Metals Inc. has entered into a non-dilutive £7 million (US$9.1m) secured credit facility with its 25.95% shareholder Vision Blue Resources Ltd for the South Crofty tin project. DISCUSSIONS The facility, with a term until 31 March 2025 and carrying 15% interest per annum, will be used for general operating and corporate purposes. Chief executive […]
Cornish Metals grants 12.4m stock options
Cornish Metals Inc has granted 12.4 million incentive stock options, each at an exercise price of £0.085 (C$0.14) over common shares without par value, to its executive management and senior staff. The five-year options will vest over a three-year period, with one third of the options vesting at the end of each year, and expire […]
Cornish Metals drill proves ‘large scale’ tin target
Cornish Metals Inc said its 9,000m drilling programme of 14 holes had successfully validated “a new, large-scale, tin-bearing exploration target” of Wide Formation, in Carn Brea South. EXPLORATION The campaign began in September 2023 and today’s reported results are from the final eight holes. Mineralisation was traced over a 2,500m extent up to 800m down […]
Cornish Metals appoints Don Turvey as CEO
Cornish Metals Inc has appointed Don Turvey as chief executive officer and a director of the company. He will relocate from South Africa to Cornwall subject to approval of a UK work visa. Mr Turvey is a mining executive with more than 40 years’ experience including in production, project execution, business development, and minerals resource […]