REG - Cornish Metals Inc. - CORNISH METALS ANNOUNCES RESULTS OF ITS 2025 AGM

Cornish MetalsAnnouncement

30/06/2025 18:30

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RNS Number : 0694P  Cornish Metals Inc.  30 June 2025

 

CORNISH METALS ANNOUNCES RESULTS OF ITS 2025 ANNUAL GENERAL AND SPECIAL
MEETING

 

Vancouver, June 30, 2025

Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), is
pleased to announce the results of its 2025 Annual General and Special Meeting
of the shareholders of the Company held via live audio teleconference on June
30, 2025 (the "Meeting"). A total of 909,699,906 common shares of the Company
were voted at the Meeting, representing approximately 72.64% of the issued and
outstanding common shares as at the record date of the Meeting. All
resolutions were passed.

Meeting Results

Capitalised terms not otherwise defined in this news release shall have the
meanings ascribed thereto in the Company's Management Proxy Circular dated May
16, 2025.

The voting results of the business of the Meeting are summarised as follows:

 MOTION                                            Votes For    % For  Votes Against  % Against  Votes Withheld  % Withheld
 Number of directors set at eight                  856,399,865  94.14  53,270,628     5.86       0               0
 Election of Lodewyk Daniel Turvey                 876,314,283  96.58  31,025,459     3.42       0               0
 Election of Patrick F.N. Anderson                 854,070,569  94.13  53,269,172     5.87       0               0
 Election of Kenneth A. Armstrong                  907,264,038  99.99  75,703         0.01       0               0
 Election of John F.G. McGloin                     854,076,294  94.13  53,263,447     5.87       0               0
 Election of Stephen T. Gatley                     907,252,657  99.99  87,085         0.01       0               0
 Election of Anthony Trahar                        907,257,380  99.99  82,362         0.01       0               0
 Election of Samantha Hoe-Richardson               854,077,020  94.13  53,262,721     5.87       0               0
 Election of James Whiteside                       907,264,210  99.99  75,531         0.01       0               0
 Appointment of Auditors                           909,630,842  99.99  0              0.00       69,062          0.01
 Approval of General Share Authority               907,107,016  99.97  255,447        0.03       0               0
 Approval of Pre-Emptive Disapplication Authority  850,587,460  93.74  56,775,004     6.26       0               0

 

ABOUT CORNISH METALS

Cornish Metals is a dual-listed mineral exploration and development company
(AIM and TSX-V: CUSN) that is advancing the South Crofty tin project towards
production. South Crofty:

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

·    would be the only 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 up to 320 direct jobs.

 

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/0PQ9GP
(https://investors.cornishmetals.com/link/0PQ9GP)

 

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

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 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.
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. 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 subject to risks and uncertainties that may
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'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. 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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