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SBWFF / Cornish Metals posts strong growth in cash, reduced losses for 2022

Cornish Metals posts strong growth in cash, reduced losses for 2022
Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has reported results for the year ended January 31, 2023, showing strong growth in cash and reduced losses as it advances the South Crofty tin project in Cornwall to a construction decision At the year-end, Cornish Minerals had cash of C$55,495,233, up from C$6,922,704 a year earlier, while its loss for the year was reduced to C$1,218,257, down from a C$2,911,140 loss in 2021. During the year, the Canada-based mineral exploration and development company focused on activities in the UK, completed a financing for gross proceeds of £40.5mln (C$65.1mln based on closest available exchange rate), including a strategic investment by Vision Blue Resources Limited (VBR) of £25.0mln (C$40.1mln) to advance the South Crofty tin project to a construction decision. Read More
Posted: Apr 27 2023, 03:40
Author Name: Proactive Investors
Views: 102161

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Cornish Metals starts mine dewatering at Crofty

By Proactive Investors
October 26, 2023

Cornish Metals starts mine dewatering at Crofty

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) told investors it has now commissioned and officially opened the water treatment plant at the Cro more_horizontal

Cornish Metals' South Crofty Project: A beacon of economic and environmental promise

By Proactive Investors
October 10, 2023

Cornish Metals' South Crofty Project: A beacon of economic and environmental promise

In a sector often marred by uncertainty, Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has emerged with uplifting news that stands to benefit b more_horizontal

Cornish Metals boosted by metallurgy update and feasibility progress

By Proactive Investors
October 9, 2023

Cornish Metals boosted by metallurgy update and feasibility progress

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) shares strengthened in Monday's early deals as the UK mine developer told investors that the Crof more_horizontal

Cornish Metals chief hails recent progress at South Crofty

By Proactive Investors
September 29, 2023

Cornish Metals chief hails recent progress at South Crofty

Cornish Metals chief executive Richard Williams said great progress had been made over the past quarter advancing the South Crofty project in Cornwall more_horizontal

Cornish Metals starts ‘wet' commissioning of water treatment plant

By Proactive Investors
September 28, 2023

Cornish Metals starts ‘wet' commissioning of water treatment plant

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has begun the ‘wet' commissioning of its newly constructed mine water treatment plant at the So more_horizontal

Cornish Metals starts drilling new South Crofty discovery

By Proactive Investors
September 20, 2023

Cornish Metals starts drilling new South Crofty discovery

Cornish Metals has started a new drill programme to test the extent of the tin in the recently discovered Wide Formation target at South Crofty in Cor more_horizontal

Cornish Metals upgrades tin resource at South Crofty

By Proactive Investors
September 14, 2023

Cornish Metals upgrades tin resource at South Crofty

Cornish Metals has upgraded the indicated tin resource at its South Crofty mine in Cornwall by 31%. Indicted tin resources now stand at 43,570 tonnes, more_horizontal

Cornish Metals makes appointment to raise City profile

By Proactive Investors
September 7, 2023

Cornish Metals makes appointment to raise City profile

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) said it has appointed former Goldman Sachs, UBS and Macquarie analyst turned investor relations more_horizontal


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