Business
FINANCIAL STATEMENTS FOR YEAR ENDED JANUARY 2022
FINANCIAL STATEMENTS FOR YEAR ENDED JANUARY 2022.
About this update from Cornish Metals Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n CORNISH METALS RELEASES AUDITED FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED JANUARY 31, 2022\n \n \n \n \n \n \n \n \n \n May 18, 2022\n \n \n \n \n Cornish Metals Inc.\n \n (TSX-V/AIM: CUSN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce that it has released its annual audited financial statements and management, discussion and analysis (\"MD&A\") for the year ended January 31, 2022. The reports are available under the Company's profile on SEDAR (\n \n \n www.sedar.com\n \n \n ) and on the Company's website (\n \n \n www.cornishmetals.com\n \n \n ).\n \n \n \n Highlights for the year ended January 31, 2022 and for the period ending May\n \n \n 17\n \n \n , 2022 \n \n \n \n \n (All figures expressed in Canadian dollars unless otherwise stated)\n \n \n \n ·\n Completion of listing and concurrent financing on AIM in February 2021 raising gross proceeds of £8.2 million ($14.4 million based on closest available exchange rate) to advance the United Downs exploration project and for general working capital purposes (news release dated\n \n February 15, 2021\n \n );\n \n \n ·\n Conversion of Osisko loan note in February 2021 into two royalty agreements over mineral properties in Cornwall with an accompanying simplified and reduced security package (news release dated\n \n February 22, 2021\n \n );\n \n \n ·\n Agreements reached for the leasing of additional mineral rights at the South Crofty tin project and surface land surrounding the New Roskear Shaft, and binding heads of terms agreed for the disposal of waste material derived from the dewatering of the South Crofty mine (news release dated\n \n March 8, 2021\n \n );\n \n \n ·\n Increases in JORC (2012) compliant Indicated and Inferred Mineral Resource Estimates of contained tin / tin equivalent by 10.2% and 129.8%, respectively, for the Lower Mine in an updated Mineral Resource Estimate for the South Crofty mine published in June 2021\n (news release dated\n \n June 9, 2021\n \n )\n ;\n \n \n ·\n Commencement of phased exploration program at the United Downs exploration project in April 2021 with results from first 3,927 meters of drilling reported to date, with further assay...