Cornish Metals Inc has granted 11 million incentive stock options over common shares in the company to executive management and senior staff. PDMRs The exercise price is £0.18 per share, the same as the investment price paid by Vision Blue Resources in the May 2022 fundraise of £40.5m. Chief executive officer Richard Williams received 2.4m […]
Tag: Cornish Metals Inc
Cornish Metals founder Grenville Thomas retires
Cornish Metals Inc founder Grenville Thomas has stepped down from his post as board director but remains associated with the company as chairman emeritus. Mr Thomas established the company, previously named Strongbow, more than 20 years ago. Born in Swansea, he graduated in 1964 from Cardiff University with a Bachelor of Science degree in Mining […]
Cornish Metals sets date for dewatering South Crofty
Cornish Metals Inc expects wet commissioning of the mine water treatment plant to begin in June and continue into July, before dewatering starts in August at the South Crofty tin project in Cornwall. PROGRESS The plant, estimated to cost £6.6 to £7 million, is designed to treat 25,000 cubic metres of mine water per day. […]
Cornish Metals nears completion of water treatment plant
Cornish Metals Inc continues to advance preparations ahead of a mining decision at the end of 2024 for the South Crofty tin project in Cornwall. WATER TREATMENT PLANT In its annual statements for the year ended 31 January 2023 and until 26 April 2023, the Canadian company reported near completion of the water treatment plant […]
Cornish Metals progresses mine water treatment plant
Cornish Metals Inc said it had made “very good progress” over the last eight months towards the start of tin production in 2026 at South Crofty mine in Cornwall. DISCHARGE The Canadian company has been working on the mine water treatment plant (WTP) along with continuing its drilling campaign. The WTP is designed to treat […]
Cornish Metals finds new tin target at Carn Brea South
Cornish Metals Inc has discovered a new tin mineralisation target from drilling results in the Carn Brea South exploration area along the southern boundary of South Crofty, Cornwall. WIDE FORMATION “The drill holes confirmed up-dip, near-surface extensions of the historic Great Flat lode and discovered tin mineralisation in a new target called the ‘Wide Formation’, […]