Cornish Metals

Cornish Metals has confirmed the exercise of 20,000 share options and, under a net exercise method, issued 4,545 new ordinary shares. The new shares have a nominal value of 0.05 pence and rank pari passu with the existing shares. Admission to trading on AIM has been applied for; trading is expected to commence around 6 May 2026. After the issue, the issued share capital amounts to 125,471,336 ordinary shares; the company holds no treasury shares. » Más en de.investing.com

Cornish Metals said it has received a letter of funding interest from the US export credit agency for a potential $225m investment to reopen the South Crofty tin mine, which closed in 1998. Any financing would be conditional on supplying tin to the US as a critical mineral, supporting domestic supply chains for electronics and AI infrastructure. The announcement follows prior UK government support and sent Cornish Metals shares higher, with the project expected to create jobs in the region. » Más en theguardian.com