Cornish Metals (TSX / AIM: CUSN)
The London Stock Exchange has welcomed Cornish Metals to their first day of trading on the London AIM Market.
The anomaly of a UK based mining project being only listed in Canada has now been corrected, after hard work by Richard Williams and the management team, that made it happen.
| Cornish Metals | TSX.V : CUSN |
| Stage | Exploration |
| Metals | Tin, copper |
| Market cap | C$31.5 m @ 21c |
| Location | Cornwall, United Kingdom |
London Stock Exchange welcomes Cornish Metals Inc. to AIM
London Stock Exchange welcomes Cornish Metals, a mineral exploration and development company focused on its mining projects in Cornwall, United Kingdom, to the Alternative Investment Market (“AIM”) under the ticker “CUSN” after it raised gross proceeds of £8.2 million through an oversubscribed placing.
A discovery of near-surface, high grade copper–tin mineralisation at the Company’s United Downs Project presents an exciting opportunity to deliver a domestically significant Project. This discovery was made in a historic copper district once known as “the richest square mile on earth”. United Downs has potential to be a low cost development and production opportunity, with the Company aiming to deliver a feasibility study within the next three years.
Subject to the delivery of a feasibility study, the objective is to capitalise on the existing planning permission for the construction of a mineral processing plant at the historic South Crofty mine near Camborne, which could serve as a central processing facility for United Downs and any other near-surface, high potential, exploration targets within transport distance of the South Crofty mine site.
The Company’s South Crofty project hosts one of the highest grade tin resources globally, as demonstrated in the 2017 Preliminary Economic Assessment. South Crofty is permitted, with a mining licence valid until 2071, an environmental permit to dewater the mine, and full planning permission to construct a new processing plant. The Company plans to develop this project when the tin market and general investment climate are supportive.
Researchers and analysts project that we are entering a period of sustained growth in demand for metals such as copper, tin and lithium which are critical components for the high-tech sector and the transition to a low carbon economy. There is growing demand for domestically sourced “green” materials that meet increased environmental, social and corporate governance goals. Cornwall has the potential be a significant contributor to the UK’s needs in this regard.
Management comments
“Cornish Metals listing on AIM represents a significant milestone and offers investors from the United Kingdom the opportunity to participate in the Company’s growth as we work towards the goal of becoming a domestic supplier of technology metals fundamental to a sustainable future.
“We are delighted with the excellent reception received from UK investors supporting the listing.
The proceeds of the Fundraising will be used to conduct a drill programme at the United Downs copper-tin project to determine the resource potential of a 1,000 metre long strike section of the target area, to conduct initial field work on other high priority exploration targets within transport distance of the South Crofty Mine in Cornwall and for general working capital purposes.”
Richard Williams, CEO of Cornish Metals
.
To read the full news release, please click HERE
=======
.
City Investors Circle is based in the financial district of the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com for information.
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for information purposes only, and are not recommendations in any form. Always consult an investment professional.