Cornish Metals Closes Fundraising and Appoints New Director
Why we think this is neutral
This RNS announcement is a general corporate update on the completion of a fundraising and the appointment of a new director. It does not contain any specific financial or operational updates that would warrant a more positive or negative sentiment score.
Key Points
- Cornish Metals has closed the second and final tranche of its fundraising, raising £46.7 million
- The funds will be used to advance the South Crofty tin project in Cornwall
- Mr. James Whiteside has been appointed as a non-executive director, representing the National Wealth Fund
Summary
The mining company has closed a fundraising and appointed a new non-executive director to its board.
Cornish Metals Inc. has closed the second and final tranche of its previously announced fundraising, raising gross proceeds of £46.7 million. The funds will be used to advance the development of the company's South Crofty tin project in Cornwall. The company has also appointed Mr. James Whiteside as a non-executive director, representing the National Wealth Fund which is now a major shareholder.
GENERAL UPDATE