Cornish Metals (TSX-V:CUSN) is an Associate Company of Osisko; Osisko Gold Royalties (TSX-OR) is the Company's largest shareholder, currently owning 32.7% of the issued share capital.
The Company is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the most important historical tin mine in the UK and hosts one of the highest grade tin resources worldwide. The project has the potential to be the only high-grade tin producer in Europe.
Since acquiring South Crofty in July 2016, the Company has published a NI 43-101 Mineral Resource Estimate, discharged conditions related to the process plant planning permission, published a positive Preliminary Economic Assessment ("PEA") (details here), successfully completed a 4-month water treatment trial, and subsequently received a water discharge permit. The Company plans to complete a feasibility and bring the project to a production decision.
The project already has a mine permit (valid to 2071) and planning permission to construct a new process plant, so it is now fully permitted for mining, with a production decision subject to completion of a feasibility study.
Cornish Metals is well positioned to capitalize on the growing demand from end users for "clean tin", and on projections for higher prices for tin as the tin market experiences a growing supply deficit. Nearly 50% of worldwide tin consumption is attributed to the high-tech electronics industry in the form of lead-free solder. Furthermore, new research is underway focusing on the use of tin in the anodes of lithium-ion batteries as well as in next generation solar panels and power storage units.
Apart from the long recognised regional tin potential, Cornwall has been identified as being highly prospective for the discovery of commercial quantities of lithium in hot spring brines. Cornish Metals signed an agreement in January 2017 allowing the privately-held Cornish Lithium Limited to explore for lithium in hot springs on all the company’s mineral rights.
In addition to South Crofty, Cornish Metals owns interests in exploration properties prospective for tin (in Alaska) and nickel (in Northwest Territories, Canada). And, through its strategic alliance with Osisko Gold Royalties, the company acquired royalties in the Cantung (1%) and Mactung (4%) tungsten properties located in Yukon and Northwest Territories.
Cornish Metals' management and board include award-winning mining industry leaders: D. Grenville Thomas (Chairman) and Patrick Anderson.
Unless otherwise indicated, technical information related to Cornish Metals' exploration properties reported on this website has been reviewed and approved by Richard Williams, P.Geo. Mr. Williams is the President, CEO and a Director of Cornish Metals and a Qualified Person under National Instrument 43-101.