Cornish Metals Inc Gets Major Backing from British Government

What’s Happening?

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has recently received a significant investment from the British government’s National Wealth Fund Limited (NWF). This investment, totaling £28.75 million, is a game-changer for the junior miner.

Why is This Important?

This investment will allow Cornish Metals to continue the dewatering and redevelopment of the South Crofty high-grade tin mine near the villages of Camborne and Red Ruth. This project has the potential to bring economic growth and employment opportunities to the local community while also contributing to the global supply of tin.

What Does This Mean for You?

As a local resident, this investment could lead to increased job opportunities and economic growth in your area. It also signals confidence in the future of the mining industry in Cornwall, which could have long-term benefits for the region.

How Will This Impact the World?

Cornish Metals’ redevelopment of the South Crofty mine could have a significant impact on the global tin market. As one of the few high-grade tin mines in the world, increased production from South Crofty could help meet growing demand for this essential metal in industries such as electronics and renewable energy.

Conclusion

The backing of the British government’s NWF is a major vote of confidence in Cornish Metals Inc and the future of tin mining in Cornwall. This investment has the potential to bring positive economic and environmental impacts to both the local community and the global tin market.