RE: Nice rise today3 Jun 2026 23:28
I had an email from TIN at 10/13 yesterday. It's a long and detailed email so I've only copied and pasted the first paragraph. Please note the company has changed it's name to Cornish Tin and Lithium.
DRILLING RESULTS and CHANGE OF COMPANY NAME
Cornish Tin & Lithium Limited (“CTL” or the “Company”) is pleased to provide an update on progress:
The Company has changed its name from Cornish Tin Limited to Cornish Tin & Lithium Limited. A Special Resolution to change the name was passed by an overwhelming majority of the Company’s shareholders on 28 May 2026. The change reflects the extent and potential value of the Company’s hard rock lithium discoveries since 2022, the scale of which is now comparable to its high grade tin discoveries. We intend to advance both our tin and lithium assets towards production, with an inferred resource as the next step.
Our recent fundraise, which closed on 31 March 2026, raised just over £2.3M. To date, we have raised £7.2M (all equity, no debt) comprising ~94.4% private equity and ~5.6% retail (Crowdcube). CTL is an EIS-qualifying Knowledge Intensive Company with currently > £36M of EIS tax relief capacity still available.
CTL’s Phase 3 exploration drilling program, from September 2025 to January 2026, was primarily designed to target lithium-enriched aplite-pegmatite sheets (“sheets”) in our new extension area of Tregonning South. We had previously discovered this style of mineralisation (the “Newall Formation”) at Tregonning North, containing high lithium grades, (eg 0.3m @ 1.33% Li2O; peak grade 1.42% Li2O). Phase 3 has successfully demonstrated N/S continuity of this new lithium field across ~3.27km, from the northern-most intercept at Tregonning North, with the discoveries at Tregonning South of multiple lithium sheets at different levels extending across a wide area. Phase 3 drilling has also intercepted a new tin mineralisation system across Tregonning South, including ten tin/copper lodes so far and a sheeted vein system. Both the lithium and the tin discoveries are numerous, and require a naming system, hence “Newall” refers to lithium sheets as numbered, and “Norcross” refers to tin lodes as numbered. The plan below gives some context of the scale of these geological structures. Note: drilling also intercepted a number of steeply inclined lithium sheets, not shown on the plan below.