REG - Cornish Metals Inc. - PDMR DEALING

Cornish MetalsAnnouncement

Wed 07:00

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RNS Number : 9153K  Cornish Metals Inc.  10 December 2025

 

PDMR DEALING

 

Vancouver, December 9, 2025

Cornish Metals Inc. (AIM/TSXV: CUSN) ("Cornish Metals" or the "Company"), a
mineral exploration and development company focused on advancing its wholly
owned and permitted South Crofty tin project in Cornwall, United Kingdom,
announces that it was notified on 9 December 2025 that Non-Executive Director,
Ken Armstrong, sold 5,588 common shares at a price of C$0.14 per share.

Following this sale, Mr Armstrong has a beneficial interest in 417,944 common
shares representing 0.03% of the issued share capital in the Company.

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

 

 1       Details of the person discharging managerial responsibilities / person closely
         associated
 a)      Name                                                         Ken Armstrong

 2       Reason for the notification
 a)      Position/status                                              Non-Executive Director
 b)      Initial notification /Amendment                              Initial notification
 3       Details of the issuer, emission allowance market participant, auction
         platform, auctioneer or auction monitor
 a)      Name                                                         Cornish Metals Inc.
 b)      LEI                                                          8945007GJ5APA9YDN221
 4       Details of the transaction(s): section to be repeated for (i) each type of

       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted
 a)      Description of the financial instrument, type of instrument  Common shares
         Identification code                                          CA21948L1040
 b)      Nature of the transaction                                    On-market share sale
 c)      Price(s) and volume(s)

                                                                                        Price(s)          Volume(s)
                                                                                        C$0.14            5,588

 d)      Aggregated information

         - Aggregated volume                                          5,588
         - Price                                                      C$0.14

 e)      Date of the transaction                                      9 December 2025
 f)      Place of the transaction                                     TSX Venture Exchange

ABOUT CORNISH METALS

Cornish Metals is a mineral exploration and development company that is
advancing the South Crofty critical mineral project towards production. South
Crofty:

·    is a historical underground tin mine located in Cornwall, United
Kingdom and benefits from existing mine infrastructure including multiple
shafts that can be used for future operations;

·    is the highest grade known tin resource not in production;

·    is permitted to commence underground mining (valid to 2071),
construct a new processing facility and for all necessary site infrastructure;

·    would be potentially the first primary producer of tin in Europe or
North America. Tin is a Critical Mineral as defined by the UK, American, and
Canadian governments as it is used in almost all electronic devices and
electrical infrastructure. Approximately two-thirds of the tin mined today
comes from China, Myanmar and Indonesia;

·    benefits from strong local community, regional and national
government support with a growing team of skilled people, local to Cornwall,
and could generate over 300 direct jobs.

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Turvey"

Don Turvey

CEO and Director

 

ENDS

 

 

Engage with us directly at our investor hub. Sign up at:
https://investors.cornishmetals.com/link/PRE9Er
(https://investors.cornishmetals.com/link/PRE9Er)

 

For additional information please contact:

 

 Cornish Metals                           Fawzi Hanano       investors@cornishmetals.com (mailto:investors@cornishmetals.com)

                                          Emily Allhusen     info@cornishmetals.com (mailto:info@cornishmetals.com)
                                                             Tel: +44 1209 715 777

 SP Angel Corporate Finance LLP           Richard Morrison   Tel: +44 203 470 0470

 (Nominated Adviser & Joint Broker)       Charlie Bouverat

 Hannam & Partners                        Andrew Chubb       cornish@hannam.partners (mailto:cornish@hannam.partners)

 (Joint Broker)                           Jay Ashfield       Tel: +44 207 907 8500

 BlytheRay                                Tim Blythe         cornishmetals@blytheray.com (mailto:cornishmetals@blytheray.com)

 (Financial PR)                           Megan Ray          Tel: +44 207 138 3204

                                          Said Izagaren

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Caution regarding forward looking statements

This news release may contain certain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking statements").
Forward-looking statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast",
"expect", "potential", "project", "target", "schedule", "budget" and "intend"
and statements that an event or result "may", "will", "should", "could",
"would" or "might" occur or be achieved and other similar expressions and
includes the negatives thereof. Forward-looking statements herein include, but
at not limited to, statements with respect to the consummation and timing of
the Arrangement; the satisfaction of the conditions precedent of the
Arrangement; timing, receipt and anticipated effects of court, regulatory and
other consents and approvals for the Arrangement; and the timing and effect of
other principal events relating to the Arrangement. All statements other than
statements of historical fact included in this news release, are
forward-looking statements that involve various risks and uncertainties and
there can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements.

Forward-looking statements are based on current expectations and are subject
to known and unknown risks and uncertainties, many of which are beyond the
Company's ability to predict or control and could cause actual results to be
materially different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to receipt of
regulatory approvals; risks related to general economic and market conditions;
risks related to the availability of financing; the timing and content of
upcoming work programmes; actual results of proposed exploration activities;
possible variations in Mineral Resources or grade; projected dates to commence
mining operations; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes, title disputes, claims and
limitations on insurance coverage and other risks of the mining industry;
changes in national and local government regulation of mining operations, tax
rules and regulations. The list is not exhaustive of the factors that may
affect Cornish Canada's forward-looking statements.

The Company's forward-looking statements are based on the opinions and
estimates of management and reflect their current expectations regarding
future events and operating performance and speak only as of the date such
statements are made. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ from
those described in forward- looking statements, there may be other factors
that cause such actions, events or results to differ materially from those
anticipated. There can be no assurance that forward-looking statements will
prove to be accurate and accordingly readers are cautioned not to place undue
reliance on forward-looking statements. The Company does not assume any
obligation to update forward-looking statements if circumstances or
management's beliefs, expectations or opinions should change other than as
required by applicable law.

All forward-looking statements herein are qualified by this cautionary
statement. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to update
publicly or otherwise revise any forward-looking statements whether as a
result of new information or future events or otherwise, except as may be
required by law.

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