Cornish Metals

Canaccord Genuity acts as Co-Manager to Cornish Metals Inc on its £56 million Fundraising

Canaccord Genuity is pleased to announce it has acted as Co-Manager on a successful strategic investment and placing of £56 million for Cornish Metals Inc.

Cornish Metals is a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty high grade tin mine in Cornwall, United Kingdom. Cornish Metals is headquartered in Canada and dual-listed on the TSX-V and AIM market under the ticker CUSN.

The Fundraising will be used to support the continued development of South Crofty and principally for the shaft refurbishment and de-watering process, the start of early project works, ordering long lead items and completion of the project finance process up to the point of the formal final investment decision.