Cornish Metals to list on AIM, use funds for Cornwall tin-copper project

Canada-based miner Cornish Metals intends to float a private placement of new common shares on the Alternative Investment Market (AIM) of the London Stock Exchange in the hope that proceeds from the fundraiser will advance one of its copper-tin projects in the UK, it said on Wednesday January 13.

The Vancouver-headquartered miner said that, pending regulatory approvals, it proposed to raise £5 million through the listing and fundraising to push forward with exploration in the United Downs project in Cornwall, UK.
The United Downs project is one of Cornish Metals’ two core operations, together with the South Crofty tin project, in Cornwall. It covers four former copper and tin mines: Consolidated Mines, United Mines, the Mount Wellington mine and Wheal Jane mines.

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Published

Ana de Liz

January 13, 2021

16:40 GMT

London