Mining News – Early May 2026

Cornish Metals has secured credit facilities totalling up to £52m from its two largest shareholders to advance the South Crofty tin project in Cornwall towards a final investment decision.

The facilities have been provided by the National Wealth Fund and Vision Blue Resources, which between them hold more than 57% of Cornish Metals’ issued share capital.

Don Turvey, chief executive of Cornish Metals, said: “This funding provides the company with the financial runway to progress through to the final investment decision for the South Crofty project while continuing to advance and derisk the project by maintaining the high level of activities across site.

Sourced from TheBusinessDesk