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Cornish Metals Inc. (CUSN.L)

LSE - LSE Delayed price. Currency in GBp
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19.26+0.56 (+2.99%)
At close: 04:35PM BST
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  • m
    max
    This will pop $$$$$ !! The only geothermal DLE lithium in UK and the 2nd in Europe after Germany. Good moat here.
  • P
    Pudentane
    I'm in for 10K shares and will sit back and watch. As a retired mining engineer this looks like fun.
  • J
    Jimmy
    Almost 1M shares traded today!
  • s
    solarpower1961
    got an Email , from yesterday

    CORNISH LITHIUM SUPPORTS THE PRIME MINISTER’S INTEGRATED REVIEW

    Cornish Lithium Ltd, the innovative eco-technology company developing lithium extraction projects in Cornwall, UK, welcomes Prime Minister Boris Johnson’s comments regarding lithium extraction in Cornwall, made in the Integrated Review of Security, Defence, Development and Foreign Policy, that will drive investment in domestic industries such as technology and alternative energy.

    Jeremy Wrathall, Founder and CEO of Cornish Lithium, said:
    “I am encouraged by the Prime Minister’s commitments outlined in his Integrated Review today which stated that in addition to accelerating the transition to a zero-carbon global economy, its priority actions will include continuing to explore opportunities around domestic extraction and processing of critical minerals, such as lithium, as well as their recovery, recycling and reuse to establish a viable circular economy. Cornish Lithium is well-placed to deliver a domestic supply of lithium from Cornwall to support the Government’s vision of creating strong domestic foundations that will secure a prosperous and resilient UK in 2030, through the development of a domestic raw materials supply chain and a mineral extraction industry to support it. A supply of lithium is key in the development of clean, green technologies that will contribute to achieving the country’s net zero emissions target.”

    Yours sincerely,

    Derek Linfield
    Chairman
    Cornish Lithium
  • s
    solarpower1961
    Outlook

    The proceeds from the recently completed AIM listing are to be used to conduct a drill program at the United Downs exploration project, to conduct initial field work on other high priority exploration targets within transport distance of South Crofty, and for general working capital purposes. Management believes that, subject to drilling success, the proceeds from the AIM listing will result in the Company being fully funded to the completion of a maiden JORC resource at the United Downs exploration project.

    Over the next 12 to 18 months, the Company’s plans are as follows:

    Commence an 18 month, 9,100 meter initial drilling program at United Downs to advance the project to Inferred Mineral Resource definition, fully funded from the proceeds arising from the AIM listing;
    To test three lodes with a 1,000 meter of strike length to a depth of 500 meter in the initial phase. Management believes there are up to seven further mineralized lode structures with a total resource potential of between four million tons and ten million tons;
    Subject to the outcome of the initial drilling program, to undertake a subsequent in-fill drilling program at United Downs to advance the project to a feasibility study within three years; and
    Evaluate other near-surface, high potential, exploration targets within transport distance of the planned processing plant site.
    In the longer term, the Company intends to develop the South Crofty tin project as and when economic conditions and cashflows are supportive. ...

    https://finance.yahoo.com/news/cornish-metals-releases-financial-statements-060000905.html
    VANCOUVER, British Columbia, May 17, 2021 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (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
    VANCOUVER, British Columbia, May 17, 2021 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (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
    finance.yahoo.com
  • s
    solarpower1961
  • A
    Alldazed
    They also have a 2% royalty payable from Cornish lithium- a separate privately funded company for any metals produced from brine that is deep under the property at united Downs , Cornwall. UK. And a further 2% for energy produced by the ground thermal waters that carry the brine. I believe if I am reading the article properly they are also entitled to find a 25% stake in the project if it comes to fruition. Cornish Lithium now has funding from private investors and the uk government to build a pilot plant at the property for DLE. This will be huge if the pilot proves feasible. Check out e3 metals in Alberta to get an idea of this project . It explains the DLE process well and the Cornish brine is 3 times richer.
  • R
    Ronald
    I know it's early days but my experience in mining stocks is zero. I read the reports and its hard to relate, even just comparing the amount of tin with current market price. If all goes well for CUSN where do you think this stock be in the coming years? Thank you.
  • C
    Chris
    Expected drop after a weird rise. I had thought it may be a bit more resilient with the issues in Chile (large Tin producer), but I am new to market and it may be that Chile's issues are regional due to shipping iuasues/costs
  • X
    Xenon-SL-Investor
    With the Copper and Tin prices where they are, this will fly as soon as the drill results come out
  • J
    Jimmy
    Another great drilling results report. One location looks really good for silver prospecting!
  • s
    solarpower1961
    CORNISH METALS ANNOUNCES CLOSING OF AGREEMENT TO CONVERT OSISKO NOTE INTO ROYALTIES
    February 21, 2021
    https://cornishmetals.com/site/assets/files/5403/2021-02-21_osisko_refinancing.pdf
  • P
    Possium
    This will skyrocket over the next 6 month
  • w
    winston
    How do you invest in this company
    If you live in England??
  • P
    Paul
    great news
  • s
    solarpower1961
  • s
    solarpower1961
    check that out
    Richard Williams is talking

    https://www.youtube.com/watch?v=2ez9bU1_kt4
  • s
    solarpower1961
    Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts highest grade tin resources worldwide. The project has the potential to be the high-grade tin producer in Europe.
    https://stockhouse.com/companies/bullboard?symbol=sbwff