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 […]
Tag: Vision Blue Resources Ltd (VBR)
Cornish Metals’ shareholder VBR nominates Tony Trahar to board
Cornish Metals Inc said that its controlling shareholder Vision Blue Resources (VBR) had nominated Tony Trahar as its representative on the company’s board of directors. Mr Trahar has a 40-year career in the mining, natural resources and industrial sectors and is currently a special adviser to VBR. He currently holds 1,222,222 common shares in Cornish […]
Cornish Metals shareholders back VBR control for £40.5m
Cornish Metals Inc said its shareholders had accepted Vision Blue Resources Ltd (VBR) ownership of up to 43% to secure £40.5 million for the South Crofty tin-copper project. RESOLUTIONS The Canadian company added that the Secretary of State had confirmed no action would be taken under the UK National Security and Investment Act 2021 in […]
Cornish Metals looks to £40m backing for South Crofty
Cornish Metals Inc hopes to raise up to £40.5 million from the former chief executive of Xstrata and a placing to advance its South Crofty tin project in Cornwall. FUNDING The Canadian company has signed a conditional agreement for £25m with Guernsey-based Vision Blue Resources (VBR), founded by South African mining executive and the […]