Business
UNAUDITED FINANCIAL STATEMENTS FOR Q1 2025
UNAUDITED FINANCIAL STATEMENTS FOR Q1 2025.
About this update from Cornish Metals Plc
[{"type":"text","content":"\n\n\n \nCORNISH METALS RELEASES UNAUDITED FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED 31 MARCH 2025\n \nVancouver, May 14, 2025\nCornish Metals Inc. (TSX-V/AIM: CUSN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has released its unaudited financial statements and management, discussion and analysis (\"MD&A\") for the three months ended March 31, 2025. The reports are available under the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.cornishmetals.com).\nHighlights for the three months ended March 31, 2025 and for the period ending May 14, 2025\n(All figures expressed in Canadian dollars unless otherwise stated)\n· Strategic investment and fundraise (the \"Fundraise\") (news releases dated January 28-31, 2025):\no The Fundraise totalling £57.4 million announced on January 28-31, 2025 was anchored by the National Wealth Fund Limited (\"NWF\") and Vision Blue Resources Limited (\"Vision Blue\"), investing £28.6 million and £18.1 million, respectively, with a further £10.7 million from existing shareholders and new investors, including £1.4 million from a retail offer;\no The Fundraise is expected to provide financial runway through to the end of Q1 2026 and will enable the Company to further de-risk South Crofty and advance it towards a formal final investment decision;\n· Senior management appointments (news release dated April 27, 2025):\no Strengthening of the project and operations teams at South Crofty with the appointments of Dave Howe as General Manager and Guillermo Alcaraz as Project Director;\no Mr. Howe has 35 years of open pit and hard rock underground mining (including narrow vein) operational and exploration experience, of which 24 years were in executive and senior management roles;\no Mr. Alcazar is a project executive with over two decades of global experience leading and overseeing a multimillion-dollar complex portfolio of mining, heavy industrial and infrastructure projects across diverse development stages;\n· Purchase of 4.5 acres of land from Cornwall Council (...