Cornish nears investment decision as South Crofty early works takes shape
Aim-listed tin miner Cornish Metals says it has experienced a strong year of progress as it advances the South Crofty project, in the UK, towards production and positions itself as a future supplier of secure and responsibly-mined tin.
In the year ended December 31, 2025, the company strengthened its financial position with a £57.4-million fundraise, completed a re-domicile to the UK and made significant progress with development underground and on surface.
For example, the company has advanced dewatering to 370 m and refurbished the New Cook’s Kitchen shaft up to the mid-level pump station. On surface, Cornish undertook process plant excavation, shaft groundworks, mine dry refurbishment and foundry development.
The company has secured key long-lead items such as production and service winders, which supports the project’s construction-readiness, and is advancing front-end engineering design.
“During the year, we continued to derisk several areas of the project. Mine dewatering and shaft refurbishment advanced, surface infrastructure is taking shape and key long-lead items have been secured.
“Looking ahead, 2026 will be a pivotal year as we progress project financing and a final investment decision. With strong stakeholder support, robust economics and clear development momentum, we are well positioned to advance South Crofty towards production and deliver a secure domestic supply of this critical mineral,” says Cornish CEO Don Turvey.
Chairperson Patrick Anderson agrees that the year under review represented a “defining chapter” in the evolution of Cornish, marking a period of significant corporate transition, project advancement and governance development.
He remains confident in the long-term strategic case for South Crofty, particularly owing to tin’s increasingly important role in electrification, renewable-energy infrastructure and the digital economy.
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