Strongbow Exploration (TSX.V: SBW)
Announced that they will change their name Cornish Metals, to better reflect their objectives, to become a tin and copper miner in Cornwall, UK.
This looks a good move, and means they will do what it says on the tin.
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Map showing the location of South Crofty in Cornwall
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Strongbow Exploration to become Cornish Metals
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Strongbow Exploration have announced that they will change their name Cornish Metals, to better reflect their objectives, to become a tin and copper miner in Cornwall, UK.
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This looks a good move, and means they will do what it says on the tin. I suspect it will also endear them to the locals, who will no doubt want to support a company that carries the name of the area of the country they live in.
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Richard Williams, CEO said “The change of name reflects the company’s focus on Cornwall and its plans to develop the tin and copper assets which will be vital for electric vehicles, mobile phones and the modern economy.“
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The name change to Cornish Metals Inc has been approved by shareholders and is expected to take effect from July 27, 2020, subject to the usual regulatory approvals.
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Company background
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In March 2016, Strongbow Exploration entered into an agreement to acquire a 100% interest in Western United Mines Ltd. which owned the South Crofty tin project plus additional mineral rights over a further 7,500 hectares located in various parts of Cornwall.
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Earlier this year the company announced another significant new discovery of high grade copper and tin at the United Downs exploration project – located between the historic United Mine and Consolidated Mines at Gwennap. This new discovery could be a game changer for Strongbow.
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Along with the name change to Cornish Metals, it has been announced that Mr. Patrick Anderson has been appointed as Chairman of the Board of Directors.
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We will advise when the name change to Cornish Metals has been officially approved, I cannot see any reason why it won’t be a formality personally. This project offers the prospect of jobs in an area of high unemployment.
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