RE: Cannabis stocks15 Feb 2021 13:18
Cornish Metals (#CUSN) listed on AIM from 16th Feb 2021.
Perfect Location
- Excellent jurisdiction with available and skilled labour.
- Local Council support, including at least £1m Council funding.
- Public sentiment, with potential for further government funding.
Excellent Resource and Grade ?
- Significant, known high grade tin-copper resource (South Crofty), with all planning and permits in place.
- New discovery in April 2020 of very near surface, high grade tin-copper in previously un-mined area (United Downs), which is now the near term focus of Cornish Metals.
Funding Secured ?
- Fully funded for 18-24 months.
- Oversubscribed raise of £8.2m (64% higher than target) – funds to progress United Downs to Economic Scoping and Resource Statement, plus commence exploration of third site.
- 25% free carry on Cornish Lithium, recently funded for £5.2m (330% oversubscribed) – funds to progress further exploration of Cornish Metal’s United Downs license.
Huge Future Market ?
- Tin and Copper markets both at recent highs, with huge forecast supply shortages.
- No tin producers of size in Europe or North America.
- Tin now designated a Critical Metal in North America.
Diversity Up Side ?
- Exposure to UK Lithium through 25% free carry and 2% royalties from Cornish Lithium.
- Exposure to Geothermal Energy through 2% royalties agreement with Cornish Lithium.
- Further Nickle, Tin and Silver exposure in Alaska and Canada.