PDMR Dealing
Released
Released
Announcement PDF
PDMR DEALING
23 October 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, makes the following announcement regarding the purchase of shares in the
Company carried out by a PDMR of the Company. Following this purchase, Fawzi Hanano holds 180,000
shares representing 0.14% of the current share capital in the Company.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation,
provides further detail.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Fawzi Hanano
2 Reason for the notification
a) Position/status Chief Development Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Cornish Metals plc
b) LEI 213800VU7WVFF4BJFY96
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument
Ordinary shares
Identification code GB00BSLNG492
b) Nature of the transaction On-market share purchase
c) Price(s) and volume(s)
Price(s) Volume(s)
69.3 pence 55,000
d) Aggregated information
- Aggregated volume 55,000
- Price 69.3 pence
e) Date of the transaction 22 October 2025
f) Place of the transaction London Stock Exchange, AIM Market
2
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;
• is expected to produce approximately 4,700 tonnes of tin-in-concentrate annually in the first five
years of full production at lowest-quartile all-in sustaining costs over an initial 14-year mine life;
• 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/PdV8ae
For additional information please contact:
Cornish Metals Fawzi Hanano
Emily Allhusen
investors@cornishmetals.com
info@cornishmetals.com
Tel: +44 1209 715 777
SP Angel Corporate Finance LLP
(Nominated Adviser)
Charlie Bouverat
Adam Cowl
Ewan Leggat
Tel: +44 203 470 0470
Berenberg
(Joint Broker)
Jennifer Lee
Ivan Briechle
Tel: +44 20 3753 3040
Peel Hunt
(Joint Broker)
Ross Allister
David McKeown
Tel: +44 20 7418 8900
BlytheRay
(Financial PR)
Tim Blythe
Megan Ray
Said Izagaren
cornishmetals@blytheray.com
Tel: +44 207 138 3204
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