Cornish Metals Inc. - £7M CREDIT FACILITY WITH VISION BLUE RESOURCES

Cornish Metals announces that it has entered into a credit facility with Vision Blue Resources for a total principal amount of £7 million.

Don Turvey stated: “This funding signals Vision Blue’s continued support for Cornish Metals and our plans to bring tin mining back to Cornwall through the restart of South Crofty. We plan to generate value by unlocking the project’s potential as a long-term supplier of tin needed for electrical applications in the UK and Europe. The Company has been engaging with investment entities interested in financing the development of the Project. The Vision Blue credit facility, combined with the recently completed non-core asset sales, provides capital to advance these discussions further with the support of our recently appointed financial adviser, Endeavour Financial, and develop optionality as we continue to further derisk the project, ahead of securing project financing for the construction of South Crofty.”