Cornish Metals reaches pivotal moment with £56M fundraising for South Crofty tin project

Описание: Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) CEO Don Turvey talked with Proactive's Stephen Gunnion about the company’s £56 million fundraising and what it means for the South Crofty Tin Project. Turvey highlighted that this funding is a significant step in advancing the project, further de-risking operations, and ensuring key developments stay on schedule.

The involvement of the UK government's National Wealth Fund underscores the strategic importance of South Crofty, reflecting strong government backing. Turvey emphasised, "The fact that we have local support from MPs and the national government is huge for us."

He also discussed the continued support from investor Vision Blue, noting their role in the company’s early infrastructure development and its increased investment in this latest funding round. The funding will be used to complete dewatering, refurbish the Cook’s Kitchen shaft, and secure long-lead equipment.

Looking ahead, Turvey outlined how South Crofty will contribute to the UK’s push for critical minerals security and net-zero goals, with the potential to establish a secure domestic tin supply. The company is also working with Endeavour Financial to secure a debt package by the end of this year.

For more updates on Cornish Metals and South Crofty, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe, and turn on notifications for future interviews.

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