Cornish Metals plc Successfully Concludes £135 Million Fundraising

Cornish Metals plc has raised £135 million in a fundraising initiative to advance its South Crofty tin project in Cornwall, with backing from the National Wealth Fund, Vision Blue, and Glencore. The financing will support the project until first tin production, projected for mid-2028, and involved the issuance of 225 million new ordinary shares. The completion of this fundraising is pending shareholder approval at a General Meeting on November 9, 2026, with normal trading in existing shares expected to resume on October 22, 2026.