Cornish Metals Closes First Tranche of Fundraising

VANCOUVER, British Columbia, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has closed the first tranche of the Fundraising previously announced on January 28, 2025 (the “Launch Announcement”). Proceeds of the Fundraising will be principally used to ensure that the Company can continue with its path to development through completing the shaft refurbishment and de-watering process, the start of early project works, ordering long lead items and completion of the project finance process and up to the point of the formal final investment decision at its South Crofty Tin Mine. Capitalised terms in this announcement have the same meaning as in the Launch Announcement unless otherwise indicated.