From GlobeNewswire: 2024-11-21 02:00:00

Cornish Metals Inc. has released its unaudited financial statements and MD&A for the nine months ended September 30, 2024. The reports are available on SEDAR and the company’s website.

Key highlights include the appointment of Don Turvey as CEO, a $9.1 million credit facility with Vision Blue Resources, and the completion of the South Crofty PEA.

Exploration targets at South Crofty indicate potential additional mineralization upside, while the second phase of refurbishment of the NCK shaft is progressing.

The company also announced the sale of Mactung and Cantung royalties, as well as the Nickel King property, for cash consideration.

Financially, Cornish Metals reported a profit for the period ended September 30, 2024, with total cash of $12.5 million as of November 19, 2024.

The company aims to advance the South Crofty project towards production by the end of December 2025, with key objectives including dewatering the mine, advancing engineering studies, and arranging project financing.



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