RCS - Cornish Metals Inc. - THE UK CHANCELLOR VISITS SOUTH CROFTY

Cornish MetalsAnnouncement

Wed 07:02

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RNS Number : 1599T  Cornish Metals Inc.  30 July 2025

 

CORNISH METALS HOSTS THE UK CHANCELLOR OF THE EXCHEQUER AT SOUTH CROFTY

 

Vancouver, July 29, 2025

Cornish Metals Inc. (AIM/TSX-V: 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, is
pleased to announce that on 29 July 2025, the Company hosted The RT Hon Rachel
Reeves MP, Chancellor of the Exchequer, at South Crofty.

This visit follows the UK Government's £28.6 million investment in Q1-2025
via the National Wealth Fund to support the re-opening of South Crofty. The
occasion marked the Chancellor's first visit to Cornwall since taking office
and comes as part of the Government's broader commitment to unlocking regional
growth, with South Crofty highlighted as a flagship example of how investment
in critical industries can support job creation and economic renewal.

During the visit, the Chancellor toured the:

·    Water treatment plant, which included an overview of the treatment
process;

·    Winder house, where she received a briefing on the recently ordered
production and service winders;

·    Underground mine, including travelling via the New Cook's Kitchen
shaft cage.

Image 1: The Chancellor poses for a selfie with members of the Cornish Metals
team

Don Turvey, CEO and Director of Cornish Metals, stated: "We are honoured to
have welcomed the Chancellor to South Crofty, where we showcased the
significant progress we're making as we move toward production. The UK
Government's £28.6 million investment via the National Wealth Fund is a
powerful vote of confidence in our project and the future of Cornwall's mining
industry.

"Tin is a critical mineral for the clean energy transition, essential to
electronics, electric vehicles, and renewable infrastructure. By reviving
domestic production at South Crofty, we're not only creating over 300 direct
jobs but also supporting many more across local supply chains and regional
businesses.

"Our focus remains on delivering long-term, sustainable value safely,
responsibly, and with deep roots in the community. We're proud to be playing a
role in bringing responsible tin mining back to Cornwall and supporting
economic renewal and industrial growth in the region."

Rachel Reeves, Chancellor of the Exchequer, commented: "Like in every part of
the UK, I am determined to unlock growth that creates jobs and puts more money
in Cornish people's pockets. Our investment to revive Cornwall's proud tin
mining industry and the thousands of jobs it will create for years to come is
one way we are renewing the county."

Image 2: The Chancellor travelled underground into the South Crofty mine and
used the New Cook's Kitchen shaft cage

 

 

Image 3: The Chancellor observing how contaminated mine water is treated from
the top of the water treatment plant

 

 

Image 4: The Chancellor in conversation with a member of the Cornish Metals
team

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

"Don Turvey"

Don Turvey

CEO and Director

 

Engage with us directly at our investor hub. Sign up at:
https://investors.cornishmetals.com/link/y1BBJe
(https://investors.cornishmetals.com/link/y1BBJe)

 

 

For additional information, please contact:

 

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

                                                                        Irene Dorsman      info@cornishmetals.com (mailto:info@cornishmetals.com)
                                                                                           Tel: +1 (604) 200 6664

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

 (Nominated Adviser & Joint Broker)                                     Charlie Bouverat

                                                                        Grant Barker

 Hannam & Partners                                                      Matthew Hasson     cornish@hannam.partners (mailto:cornish@hannam.partners)

 (Joint Broker)                                                         Andrew Chubb       Tel: +44 207 907 8500

                                                                        Jay Ashfield

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

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

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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 include predictions, projections, outlook,
guidance, estimates and forecasts and other statements regarding future plans,
the realisation, cost, timing and extent of mineral resource or mineral
reserve estimates, estimation of commodity prices, currency exchange rate
fluctuations, estimated future exploration expenditures, costs and timing of
the development of new deposits, success of exploration activities, permitting
time lines, requirements for additional capital and the Company's ability to
obtain financing when required and on terms acceptable to the Company, future
or estimated mine life and other activities or achievements of Cornish Metals.
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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's forward-looking statements.

Cornish Metals' 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. Accordingly, readers should not place
undue reliance on forward-looking statements. Cornish Metals 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.

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