Cornish Metals Inc has entered a binding US$4.5 million (£3.8m) sale of its royalty interests on the Mactung and Cantung tungsten projects in Northern Canada. PAYMENTS The agreement with Elemental Altus Royalties Corp follows the sale of the Cornish Metals’ Nickel King project, reflecting the Canadian company’s focus on its South Crofty tin project. Start […]
Tag: Cornish Metals Inc
Cornish Metals progresses South Crofty
Cornish Metals Inc has started the second phase of refurbishing the New Cook’s Kitchen shaft at South Crofty tin mine in Cornwall. DEWATERING Operations will include installation of the phase II work platform to enable faster replacement of old shaft timbers with new steel guides. In parallel, the Canadian company is maintaining the water level […]
Cornish Metals to sell Nickel King for C$8m
Cornish Metals Inc plans to sell its Canadian nickel-copper-cobalt properties for C$8 million in cash and shares to focus on the South Crofty tin project in Cornwall. EXPOSURE Nickel King and Opescal Lake, comprising 4,000 hectares in mining leases and mineral claims in the Northwest Territories, are located 135km northeast of Stony Rapids, Saskatchewan. The […]
Cornish Metals extends South Crofty acreage
Cornish Metals Inc has purchased 7.7 acres to accommodate future site works immediately next to surface infrastructure at its South Crofty tin project in Cornwall. NORTH WINDER The area, lying between New Cook’s Kitchen shaft and the existing surface land containing the water treatment plant, increases the Canadian company’s total holding to 28.5 acres (11.5ha). […]
Cornish Metals CEO Richard Williams steps down
Cornish Metals Inc chief executive officer Richard Williams will step down from the post and the board at the end of this month. Mr Williams will remain available as a consultant to the company. “On behalf of the board of directors I want to thank Richard for the many achievements he made and obstacles overcome to […]
Cornish Metals to restore NCK shaft early
Cornish Metals Inc will refurbish New Cooks Kitchen shaft ahead of schedule to ensure safety and allow larger equipment to access South Crofty tin mine at an earlier stage. FUNDING The company said it would reallocate proceeds from the May 2022 fundraising for the work. The rate of mine dewatering will also be reduced, with […]