REG - Cornish Metals Inc. - CORPORATE UPDATE – SENIOR MANAGEMENT APPOINTMENTS

Cornish MetalsAnnouncement

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RNS Number : 3176G  Cornish Metals Inc.  28 April 2025

 

CORNISH METALS

CORPORATE UPDATE - SENIOR MANAGEMENT APPOINTMENTS

 

Vancouver, April 27, 2025

Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), a
mineral exploration and development company focused on advancing its 100%
owned and permitted South Crofty tin project in Cornwall, United Kingdom, is
pleased to announce the strengthening of the project and operations teams at
South Crofty as the project transitions to construction and development.

Following the successful closing of the recently announced fundraise, the
executive search for key leadership roles at South Crofty has advanced with
appointments made for a new General Manager and Project Director. Searches for
other roles to further bolster the team at South Crofty are also underway. The
General Manager and Project Director will report to the Chief Executive
Officer ("CEO").

General Manager

Mr. David Howe has been appointed to the role of General Manager, South
Crofty, where he will lead the operational activities of the South Crofty
mine. Mr. Howe has 35 years of open pit and hard rock underground mining
(including narrow vein) operational and exploration experience, of which 24
years were in executive and senior management roles, including General
Manager, Country Manager, Exploration Manager and Vice President Operations.
He has a strong track record of safety performance, change management,
technical improvement and mine optimisation. Mr. Howe has experience in
rehabilitation of old previously operating wet mines, including drilling,
dewatering and developing them back into successful operations and has
operated different narrow vein mines whilst working as VP Operations with
Hecla in Venezuela (Minera Hecla Venezolana), Endeavour Silver Corp in Mexico
and his previous position as Vice President Operations for Canada, Mexico and
Chile at Pan American Silver Corporation. He holds a Master's degree in Mining
Geology from the Camborne School of Mines and a Bachelor's degree in Geology
from Oxford Brooks University. Mr. Howe will join the Company on May 1(st),
2025.

Project Director

Mr. Guillermo Alcazar has been appointed to the role of Project Director,
South Crofty, leading all project construction and development activities. Mr.
Alcazar is a project executive with over two decades of global experience
leading and overseeing a multimillion-dollar complex portfolio of mining,
heavy industrial, and infrastructure projects across diverse development
stages. Strategic capital project leadership and proficiency in translating
vision into execution, implementing effective risk mitigation strategies, and
optimising project performance. Mr. Alcazar's experience includes project
leadership roles for Eldorado Gold in Greece and First Majestic Silver's
capital project initiatives, where he served as Director, Infrastructure
Projects. Most recently, Mr. Alcazar was Group Manager Western Canada for
Technical Management Group Ltd. ("TMG"). He holds a Master's degree in
Business Administration from the University of Phoenix and a Bachelor's degree
in Civil Engineering from Universidad Iberoamericana. Subject to the approval
of a UK work visa which is anticipated to be processed in May 2025, Mr.
Alcazar will re-locate from Canada to Cornwall.

Don Turvey, CEO of Cornish Metals, commented: "We welcome Dave and Guillermo
to the Cornish Metals team at an important point as the project transitions
into the construction and development stage. Their wealth of project
development and operating experience will be key to leading the project
through successful construction and to full production to realise our
corporate vision to become the chosen supplier of secure and responsible tin
in Europe and to bring tin mining back to Cornwall."

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/Dex7ky
(https://investors.cornishmetals.com/link/Dex7ky)

 

 

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. 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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