Cornish Metals (TSE:CUSN) has released an update.
Cornish Metals Inc. has agreed to sell its wholly owned Nickel King Property in Canada to Northera Resources Ltd. for up to C$8 million, a strategic move to concentrate on advancing its South Crofty tin project in the UK. The agreement includes a non-refundable payment of C$1 million from Northera and future shares post a go-public transaction. This deal allows Cornish Metals to maintain involvement in Nickel King’s potential future success while focusing on South Crofty, which is one of the highest-grade tin resources globally and has secured extensive community and government support.
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