Cornish Metals looks to replace short-term funding facility
The new chief executive of Cornish Metals is working to secure funding for its South Crofty scheme, with additional finance needed to be put in place by the end of March.
South African mining executive Don Turvey joined Cornish Metals as chief executive on October 9. Cornish Metals has owned the South Crofty tin project since 2016 and wants to restart production in three years’ time.
A $9.1m (£7.0m) credit facility was arranged with shareholder Vision Blue Resources and revealed the following week. Vision Blue hold 26% of the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
