RNS Number : 2395Q Cornish Metals PLC 26 January 2026 EXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY 26 January 2026 Cornish Metals plc (AIM: TIN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces the exercise of 20,000 options over ordinary shares in the Company using the net exercise method. Using this method, which is permissible under the terms of the Company's share option plan, the Company issues ordinary shares equivalent to the value of the net gain, being the difference between the exercise price and the market value on the date of exercise. Accordingly, 6,508 ordinary shares of 0.05 pence each in the Company (the "New Ordinary Shares") have been issued. The New Ordinary Shares will rank pari passu with the existing shares and application has been made for the 6,508 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8:00am on or around 29 January 2026. Following Admission, Cornish Metals' Issued and Outstanding share capital will consist of 125,456,597 ordinary shares of 0.05 pence each in Cornish Metals plc. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company. ABOUT CORNISH METALS Cornish Metals is a mineral exploration and development company that is advancing the South Crofty critical mineral project towards production. South Crofty: · is a historical underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations; · is the highest grade known tin Mineral Resource not in production with significant near-mine and regional Mineral Resource potential; · is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure; · will be a low environmental impact underground mine with zero surface tailings; · would be potentially the first primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia; · benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate over 300 direct jobs; · is an opportunity for a secure domestic supply of tin in the UK supporting a low carbon economy. ENDS Engage with us directly at our investor hub. Sign up at: https://investors.cornishmetals.com/link/e95Yxe For additional information please contact: Cornish Metals Fawzi Hanano Emily Allhusen investors@cornishmetals.com info@cornishmetals.com Tel: +44 1209 715 777 SPAngel Corporate Finance LLP (Nominated Adviser & Joint Broker) Richard Morrison Charlie Bouverat Tel: +44 203 470 0470 Hannam & Partners (Joint Broker) Andrew Chubb Jay Ashfield cornish@hannam.partners Tel: +44 207 907 8500 BlytheRay (Financial PR) Tim Blythe Megan Ray Said Izagaren cornishmetals@blytheray.com Tel: +44 207 138 3204 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END MSCSELFWDEMSELF