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In the six months since Russia invaded Ukraine, a litany of follow-on effects from the conflict have reverberated throughout the globe, many of which could achieve permanence as a new norm or standard. These effects are as diverse as they are numerous. The war has challenged long-standing assumptions about European energy policy and food security. It has reinvigorated discussions about the future of NATO. And it has further stressed supply chains in areas already whipsawed due to the pandemic, while raising future concerns about the sourcing of key minerals for use in modern manufacturing.

Of mounting concern is the sourcing and mining of Rare Earth minerals – also commonly known as Rare Earth Elements, or REEs for short. These 17 specific elements aren’t exactly “rare” per se but are often difficult to access and extract. Additionally, the mining of REEs in the U.S. – which itself is “rare” – ensures that most of the REEs used in America are mined abroad and imported. Beyond anything else, this is a supply chain concern that should be of top interest to policymakers at the national level, particularly as we work to reduce vulnerabilities in our sourcing of materials for everything from common domestic uses to national security. And as the war between Russia and Ukraine grinds on, disruptions in things like REEs will only grow in importance.

The list of applications that use REEs is considerable and includes everything from next-generation batteries and cellphones to cameras, computers, and semiconductors. REEs are used to build guidance and control systems, lasers, radar and sonar. Stealth and night-vision technologies also rely on REEs as core elements. They are also increasingly used in energy production.

REEs are vital to the space industry
Of specific note, REEs are vital to the space industry, given the criticality of REEs to the manufacture of high-technology components used in everything from launch vehicles to national defense and commercial communication and observation satellites. It might not be a stretch to suggest that we wouldn’t have a space industry if it weren’t for REEs.

Without REEs, we probably wouldn’t have advanced cameras on satellites or satellite communications systems, advanced batteries to power spacecraft, high-resolution display screens or microchips in modern computers, solar panels and cells, specialized coatings on optical glass or thermal control systems, fiber optics or temperature sensors. REEs are essential to all of these components and uses. As technology evolves — as solutions become smaller, lighter and more efficient (an enduring requirement for space platforms) — these elements will only become more imperative.

A central concern is that while America imports most of our REEs from China, disruptions in the global supply chain in one area – like Russia or Ukraine – can reverberate throughout the global economy and may eventually circle around to affect our supply access indire

Cornish Metals Inc.
High Grade Mineralisation From Drill Targets

RNS Number : 9918W
Cornish Metals Inc.
24 August 2022

CORNISH METALS REPORTS HIGH GRADE COPPER, TIN, AND ZINC MINERALISATION FROM DRILLING AT THE MOUNT WELLINGTON AND UNITED MINES TARGETS, UNITED DOWNS PROJECT

August 24, 2022

Cornish Metals Inc. (TSX-V/AIM: CUSN) ("Cornish Metals" or the "Company"), a dual-listed company focused on advancing the South Crofty high-grade, underground tin project through to delivery of a Feasibility Study, as well as exploring its additional mineral rights, all located in Cornwall, South West England, is pleased to report the remaining assay results from the Phase 1 drill programme at United Downs. This release includes results from the Mount Wellington and United Mines Targets within the United Downs project, located eight kilometres east of South Crofty ( Figure 1 ).

Highlights

· All four of the remaining drill holes intersected multiple mineralised zones (Table 1 below).

· Two drill holes (MW22_001 and MW22_002), totaling 1,334.00 metres ('m'), were completed at the Mount Wellington Target, testing the down dip extensions of both Mount Wellington Mine (tin - zinc) and United Mines (copper - tin - zinc - silver) (Figure 2).

· Two drill holes (UD22_01 and UD22_01A), totaling 1010.61m, drilled in the central part of United Downs project, tested the down dip extension of United Mines (Figure 2).

· MW22_001 intersected several high-grade zinc zones (see Figure 3 showing a cross section of the geology and the intersects), including;

o 2.05m grading 6.05% zinc from 87.03m;

o 4.25m grading 5.51% zinc from 249.40m, and;

o 0.80m grading 6.48% zinc from 362.53m.

· MW22_002 (Figure 4) intersected several polymetallic zones, including;

o 1.49m grading 6.17% copper, and 67g/t silver from 326.00m;

o 4.89m grading 2.21% copper, and 19g/t silver from 548.36m;

o 1.66m grading 1.09% tin from 560.61m, and;

o 2.42m grading 3.70% tin, and 9.09% zinc from 649.41m.

· The high-grade zinc intersections in MW22_001 require further work to determine continuity along strike and to depth to establish the Mineral Resource potential.

· High grade tin intersects were encountered in UD22_01 and UD22_01A, confirming a potential transition from high grade copper to high grade tin at depth, similar to the mineralisation transition seen at South Crofty Mine (Figure 5).

· High-grade copper and tin intersections beneath United Mines have now been observed over a strike length of approximately 1,350m and the zone is open along strike and to depth (Figure 6).

· The high-grade tin intersects in MW22_002, GWDD_002 (see News Release dated November 17, 2020), UD21_011A (see News Release dated December 6, 2021), UD22_001, UD22_001A, and MW22_002 support management's belief that tin grades increase with depth, similar to the mineralisation transition seen at South Crofty.

Richard Williams, CEO of the Company, s

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