Cornish Metals has announced its intention to float on the AIM market of the London Stock Exchange.
The Canadian-owned company, formerly known as Strongbow Explorations, is looking to raise equity of up to £5 million to advance its core high grade copper-tin project at United Downs. It also owns the South Crofty tin mine.
Cornish Metals’ portfolio includes copper, lithium and tin, key components for electric vehicle batteries, making the company well placed to satisfy growing demand for these metals as Governments push towards greener economies.
CEO Richard Williams said: “I am delighted to share our decision to bring Cornish Metals to the London market. This is an opportunity for us to partner with investors from the United Kingdom, to work towards becoming a domestic supplier of technology metals fundamental to the world of e-vehicles, battery technology, renewable energy, 5G internet, computing, data storage, robotics, etc.
“United Downs is one of the most exciting exploration projects in the country. The commencement of a drilling programme will mark the start of a strategy to create a mining company with a Cornwall focus. There is an opportunity for Cornish Metals to become a domestic source of metals to the UK’s high-tech sector, where copper, tin and lithium are important.”