Business
ADMISSION TO AIM AND FIRST DAY OF DEALINGS
Cornish Metals PLC has successfully admitted its ordinary shares to trading on the AIM market of the London Stock Exchange under the ticker "TIN," marking a significant strategic milestone following its re-domiciliation to the United Kingdom. This move aligns the company with its South Crofty tin project and enhances its corporate and regulatory platform, improving visibility with UK and European investors. The company reported substantial progress in 2025, including underground and surface works, and an updated preliminary economic assessment showing an after-tax NPV of £180 million and average annual tin production of approximately 4,700 tonnes. Cornish Metals also completed a £57.4 million fundraise, supported by the UK's National Wealth Fund and Vision Blue Resources, and received grant funding for the Bartles Foundry project. The company's 2026 priorities include completing mine dewatering, advancing engineering for the process plant, securing project financing, and targeting a final investment decision in 2026. Disclaimer*
About this update from Cornish Metals Plc
[{"type":"text","content":"\n\n\n \nADMISSION TO AIM AND FIRST DAY OF DEALINGS\n \nLondon, 18 December 2025\nCornish Metals plc (AIM: TIN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that, further to completion of its previously announced re-domicile to the United Kingdom by way of a plan of arrangement on 16 December 2025, the entire issued ordinary share capital of 125,450,089 ordinary shares of 0.05 pence each in Cornish Metals plc has today been admitted to trading on the AIM market of the London Stock Exchange (\"Admission\"). Dealings will commence at 8.00 a.m. today under the ticker \"TIN\".\nPursuant to the exchange ratio as set out in the arrangement agreement dated 07 October 2025 between Cornish Metals Inc and the Company, shareholders have received one (1) Cornish Metals plc share for every ten (10) Cornish Metals Inc. shares held immediately prior to the re-domiciliation, rounded down to the nearest whole number\nThe Re-domicile and Admission marks an important strategic milestone for the Company as it advances the South Crofty critical mineral project in Cornwall towards production.\nStrategic Rationale for Re-domiciliation\nThe Board believes that establishing Cornish Metals as a UK-domiciled company provides a stronger long-term corporate, regulatory and governance platform aligned with the Company's primary asset, stakeholder base and strategic ambitions. The re-domiciliation:\n· Fulfils the Company's undertaking to the National Wealth Fund to de-list shares from the TSX-V and re-domicile the company to England and Wales within 12 months of its subscription\n· Enhances corporate alignment with the UK Government objectives on critical minerals and domestic supply chain resilience\n· Improves visibility with UK and European institutional investors and industry partners\n· Streamlines regulatory oversight by consolidating the Company's listing solely on AIM\n· Supports continued project development and financing efforts as South Crofty moves towards a final investment decision in 2026\nDon Turvey, CEO, said:\n\"Today marks a signi...