markets · · proactiveinvestors.com
Cornish Metals announces £135m funding as South Crofty mine advances toward production
Cornish Metals PLC (AIM:TIN) has launched a proposed £135 million fundraising to advance its South Crofty tin mine in Cornwall towards first production in mid-2028, securing backing from commodities giant Glencore alongside a six-year agreement to purchase the mine's output. The fundraising, priced at 60p per share, includes an approximately £11.2 million investment from Glencore, which has agreed to purchase 100% of South Crofty's tin concentrate production for six years from the start of commercial operations.
Cornish Metals PLC (AIM:TIN) has launched a proposed £135 million fundraising to advance its South Crofty tin mine in Cornwall towards first production in mid-2028, securing backing from commodities giant Glencore alongside a six-year agreement to purchase the mine's output. The fundraising, priced at 60p per share, includes an approximately £11.2 million investment from Glencore, which has agreed to purchase 100% of South Crofty's tin concentrate production for six years from the start of commercial operations.
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