Cornish Metals Inc (“Cornish”) has announced the closing of a £25m strategic investment by Vision Blue Resources (“VBR”) and £15.5m from a private placing to existing and new UK institutional investors as well as a subscription by existing Canadian investors and eligible private investors. The proceeds will be used to advance South Crofty to Feasibility whilst dewatering the mine over a 30-month period and ultimately, subject to funding, commence mining in two years’ time.
26 May 2022
Cornish Metals: £40.5m funding closes as the next phase of development begins
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Cornish Metals: £40.5m funding closes as the next phase of development begins
Cornish Metals Inc. (CUSN:LON) | 10.2 0 2.2% | Mkt Cap: 54.9m
- Published:
26 May 2022 -
Author:
Roger Bell | Ryan Hampton -
Pages:
7
Cornish Metals Inc (“Cornish”) has announced the closing of a £25m strategic investment by Vision Blue Resources (“VBR”) and £15.5m from a private placing to existing and new UK institutional investors as well as a subscription by existing Canadian investors and eligible private investors. The proceeds will be used to advance South Crofty to Feasibility whilst dewatering the mine over a 30-month period and ultimately, subject to funding, commence mining in two years’ time.