Cornish Metals Proposes ~£135M Equity Raise at 60p, Glencore Takes Part
The proposed raise includes ~£11.2M from Glencore. The companies also entered a six-year offtake agreement covering 100% of tin concentrates. The raise is conditional on approvals and is intended to fund South Crofty toward first production in mid-2028.
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06:05:43 AM UTC
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Cornish Metals announced a conditional UK retail offer at 60p per share, a 41.2% discount, alongside a placing and subscriptions expected to raise about £135M, subject to approvals and Admission around 10 Nov 2026.Material DetailsContext by AI AnalystThis is a major funding step for advancing the S…
Cornish Metals proposes raising ~£135M at 60p per share, including ~£11.2M from Glencore, and entered a 6-year offtake for 100% of tin concentrates. The raise is conditional on approvals and aims to fund South Crofty toward mid-2028 first production.Material DetailsContext by AI AnalystThis is a pi…