REG - Cornish Metals PLC - EXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY

Cornish MetalsAnnouncement

30/01/2026 11:00

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RNS Number : 1188R  Cornish Metals PLC  30 January 2026

 

EXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY

 

30 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 6,666 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, 1,823 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 1,823 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 5 February 2026.

Following Admission, Cornish Metals' Issued and Outstanding share capital will
consist of 125,466,790 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/Pqn2ly
(https://investors.cornishmetals.com/link/Pqn2ly)

 

For additional information please contact:

 

 Cornish Metals                           Fawzi Hanano       investors@cornishmetals.com (mailto:investors@cornishmetals.com)

                                          Emily Allhusen     info@cornishmetals.com (mailto:info@cornishmetals.com)
                                                             Tel: +44 1209 715 777

 SP Angel Corporate Finance LLP           Richard Morrison   Tel: +44 203 470 0470

 (Nominated Adviser & Joint Broker)       Charlie Bouverat

 Hannam & Partners                        Andrew Chubb       cornish@hannam.partners (mailto:cornish@hannam.partners)

 (Joint Broker)                           Jay Ashfield       Tel: +44 207 907 8500

 BlytheRay                                Tim Blythe         cornishmetals@blytheray.com (mailto:cornishmetals@blytheray.com)

 (Financial PR)                           Megan Ray          Tel: +44 207 138 3204

                                          Said Izagaren

 

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