Cornish Metals complete £135 million fundraising to support the development of the South Crofty tin project
October 2026

Cornish Metals plc is an AIM-listed mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom. The project represents a significant opportunity to re-establish tin production in Cornwall, supporting the growing demand for critical minerals.
Fundraising
On 22 October 2026, Cornish Metals announced the successful conclusion of a
£135 million fundraising, comprising a placing, direct subscriptions and a retail offer. The fundraising is intended to complete the financing package required for the construction of South Crofty through to first tin production, targeted for mid-2028.
The fundraising remains subject to shareholder approval at a General Meeting scheduled for 9 November 2026.
Having supported Cornish Metals with the production of their admission document when they listed on AIM in February 2021 and subsequently with the design and production of their annual and sustainability reports, the Perivan shareholder communications team was delighted to work with Fieldfisher who acted as legal adviser with the related shareholder documentation which was successfully completed and posted to shareholders on 23 October 2026.
Perivan specialises in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and is a market leader in the production of documentation relating to corporate finance transactions.