This is the right metal for the right time and has attracted some very large investors.
Sir Mick Davis, CEO of VBR, stated: “VBR was founded to accelerate the responsible supply of commodities necessary to facilitate the transition to clean, green energy. The investment in South Crofty has the potential to deliver significant tin production to meet an expected supply shortfall and enable the deployment of new, green technologies. At the same time, restarting production at an historic underground mine, within the existing footprint, and with the benefit of modern production techniques, provides an opportunity to minimise environmental and other impacts whilst creating significant benefits for local communities.”
This truly is a transformation deal for Cornish Metals and a great entry point for investors looking for exposure to remarkable tin and copper assets in a safe jurisdiction.
Richard Williams and his impressive board have worked long and hard to bring Cornish Metals to this important stage of development.
Richard Williams, CEO of Cornish Metals, stated; “This announcement marks a transformational moment for the Company, its shareholders and all stakeholders in relation to the redevelopment of South Crofty, the Company’s principal asset. It is testament to the quality of both the project and the Company that an investor of the calibre of Vision Blue Resources is proposing such a significant investment, and we are delighted to welcome them as a major strategic shareholder.”
Full News Release here: Cornish Metals to Raise up to £40.5 Million Through a £25 Million Strategic Investment by Sir Mick Davis' Vision Blue Resources and a UK Placing and Canadian Subscription of up to £15.5 Million IWA is a shareholder of Cornish Metals
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