Cornish Metals (TSE:CUSN) has released an update.
Cornish Metals Inc. has announced the sale of its Mactung and Cantung royalties to Elemental Altus Royalties Corp. for US$4.5 million, marking a strategic move to prioritize and advance its South Crofty tin project in the UK, with production expected to commence in 2027. The agreement includes immediate and deferred cash payments, as well as the assumption of a payment obligation to Teck Resources Limited. This divestment follows the recent sale of the Nickel King project and reflects the company’s focus on the South Crofty project, which is one of the highest-grade tin resources globally and has robust local and government support.
For further insights into TSE:CUSN stock, check out TipRanks’ Stock Analysis page.
