- Cornish Metals (CUSN) has closed a C$64,800,000 unit offering
- Each unit was priced at $0.30 and consisted of one common share and one share purchase warrant
- Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom
- Cornish Metals Inc. (CUSN) opened trading at C$0.285 per share
Cornish Metals (CUSN) has closed a C$64.8 million unit offering.
Each unit was priced at $0.30 and consisted of one common share and one share purchase warrant.
Richard Williams, CEO of Cornish Metals commented on the financing.
“The completion of this financing allows Cornish Metals to push ahead with the dewatering of the mine and delivery of a Feasibility Study in order to make a production decision for the South Crofty tin project.”
“We are all very excited about the prospects of seeing South Crofty back in production in the coming years and look forward to enjoying continued support from our stakeholders in the local community,” he added.
Securities issued are subject to a hold period expiring on September 25, 2022.
Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK.
Cornish Metals Inc. (CUSN) opened trading at C$0.285 per share.
