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KRO Company Profile

Cornish Metals Inc (CUSN-V)
RSWeb SiteTreeForumSEDARQuoteFree
Trade DateVolumeHighLowCloseChgStatus
April 12, 2024741,500$0.125$0.120$0.125$0.005Trading
Basic Info
Listed On:TSXV: CUSN9/6/1995Sector:ResourceKey People
Issued:535,270,71210/31/2023Story Type:Feasibility DemonstrationKenneth A. Armstrong (CEO), Patrick F. N. Anderson (Chair), Matthew Hird (CFO),
Diluted:777,220,712
JK Owns:No
Insider Stake:39%7/28/2022Tel:(604) 200-6664
Working Capital:$32,961,92810/31/2023Email:Address
Market Cap:$66,908,839
Web Site:cornishmetals.com789 W. Pender St #960, Vancouver, BC, V6C 2T6, Canada
Cash Breakup:$0.05per shTwitter:@CornishMetals
Spec Value Rating History
Dec 14, 2018 $0.135 Bottom-Fish Spec Value New
Dec 30, 2020 $0.090 Bottom-Fish Spec Value New
Dec 14, 2021 $0.405 Fair Spec Value New
Nov 28, 2022 $0.240 Bottom-Fish Spec Value New
Dec 30, 2022 $0.310 Fair Spec Value New
Dec 21, 2023 $0.180 Bottom-Fish Spec Value New
Dec 29, 2023 $0.160 Bottom-Fish Spec Value New
Spec Value Rating Overview
SV Rating: Bottom-Fish Spec Value - as of December 29, 2023
Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
May 9, 2007Dividend in Specie1:1$1.22Storngbow Exploration Inc (SBW-V)Storngbow Exploration Inc (SBW-V)Spinout of diamond assets as North Arrow Minerals Inc on basis of 1 North Arrow for 5 Strongbow.
Mar 28, 2014Reverse Split10:1$0.20Strongbow Exploration Inc (SBW-V)Strongbow Exploration Inc (SBW-V)
Jul 27, 2020Name Change1:1$0.09Strongbow Exploration Inc (SBW-V)Cornish Metals Inc (CUSN-V)
Recommendation History
Edition Date Price
Recommendation Gain
BF1995 11/28/1994 $0.42 New BF MP Buy $0.30-$0.49 0%
BF1995 7/11/2000 $0.13
BF Cycle Closeout Sell 100% -73%
BF1995 5/4/2004 $0.45 BF Cycle Closeout Sell 100% -8%
SVF2023 12/30/2022 $0.31 Fair Spec Value Favorite 0%
SVF2023 12/29/2023 $0.16 SV Technical Closeout 100% -48%
Charts & Financing Activity
 Most recent 43-101 resource estimate  Prior resource estimate  PEA  PFS  FS/BFS/DFS
Private Placement Key
less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000
$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Date Company Type Quantity Price FT Units Amount Broker
Jan 28, 2002 Strongbow Resouces Inc PP 1,500,000 $0.100

$150,000
Jan 28, 2002 Strongbow Resources Inc PP 1,500,000 $0.100
Units $150,000
Mar 22, 2002 Strongbow Resources Inc PP 1,000,000 $0.200
Units $200,000
Dec 4, 2002 Strongbow Resources Inc PP 7,457,627 $0.148
Units $1,100,000
Jun 26, 2003 Strongbow Resources Inc PP 1,400,000 $0.250 FT Units $350,000
Sep 10, 2003 Strongbow Resources Inc PP 8,330,000 $0.300

$2,499,000
Dec 30, 2003 Strongbow Resources Inc PP 1,000,000 $0.700 FT
$700,000
Aug 16, 2004 Strongbow Exploration Inc PP 2,666,660 $0.750 FT
$1,999,995
Apr 28, 2005 Strongbow Exploration Inc PP 5,410,000 $0.370 FT
$2,001,700
Apr 28, 2005 Strongbow Exploration Inc PP 1,718,571 $0.350
Units $601,500
Sep 30, 2005 Strongbow Exploration Inc PP 1,000,000 $0.300 FT
$300,000
Oct 5, 2006 Strongbow Exploration Inc PP 2,000,000 $0.500 FT Units $1,000,000
Jul 19, 2007 Strongbow Exploration Inc PP 2,355,000 $0.850 FT Units $2,001,750
Jul 19, 2007 Strongbow Exploration Inc PP 2,355,000 $0.850 FT Units $2,001,750
May 16, 2008 Strongbow Exploration Inc PP 750,000 $0.400
Units $300,000
Jun 5, 2008 Strongbow Exploration Inc PP 8,752,500 $0.400
Units $3,501,000
Nov 12, 2010 Strongbow Exploration Inc PP 15,000,000 $0.240

$3,600,000
Mar 6, 2012 Strongbow Exploration Inc PP 8,900,000 $0.130
Units $1,157,000
Jul 24, 2015 Strongbow Exploration Inc PP 10,000,000 $0.100
Units $1,000,000
Jun 28, 2016 Strongbow Exploration Inc PP 14,360,000 $0.125
Units $1,795,000
Jul 15, 2016 Strongbow Exploration Inc PP 3,773,000 $0.125
Units $471,625
Jul 19, 2016 Strongbow Exploration Inc PP 150,000 $0.125
Units $18,750
Nov 21, 2016 Strongbow Exploration Inc PP 10,356,000 $0.150
Units $1,553,400
Dec 20, 2016 Strongbow Exploration Inc PP 2,766,666 $0.150
Units $415,000
Dec 20, 2016 Strongbow Exploration Inc PP 1,560,000 $0.150
Units $234,000
Sep 21, 2017 Strongbow Exploration Inc PP 15,714,228 $0.140

$2,199,992
Feb 10, 2020 Strongbow Exploration Inc PP 47,050,000 $0.050
Units $2,352,500
Feb 19, 2021 Cornish Metals Inc PP 117,226,572 $0.123

$14,418,868
Jun 30, 2022 Cornish Metals Inc PP 225,000,000 $0.300
Units $67,500,000
Capital
Financials Dated: October 31, 2023 Reporting Period: 9 months Year End: 01/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $31,579,386 Current Liabilities: $2,573,144 Operating Revenues: $0
Receivables etc: $3,955,686 Tangible LT Debt: $9,506,886 Operating Cash Costs: $0
Current Assets: $35,535,072 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$67,260,816Total Liabilities:$12,080,030Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $102,795,888 Share Capital: $128,394,652 Cash Expenses: $3,151,064


Shareholder Deficit: ($37,678,794) Non-Cash Expenses: $130,136
Working Capital: $32,961,928 Net Shareholder Equity: $90,715,858 Total Expenses: $3,281,200




Overall Cash Flow:($3,151,064)
Monthly Overhead:$350,118

Net Income (Loss):($3,281,200)

Note:
Capital History
Date PeriodCash EqCurrent
Assets
Total
Assets
Current
Liabilities
Total
Liabiltiies
Share
Capital
GAINCash
Expenses
DilutedWorking
Capital
10/31/2010 9 $459,249 $1,441,865 $13,405,518 $212,337 $212,337 $21,536,228
$361,581 0 $1,229,528
7/31/2011 6 $1,468,476 $2,375,050 $15,797,624 $303,830 $303,830 $25,300,420
$555,505 89,918,463 $2,071,220
10/31/2011 9 $731,244 $1,514,418 $14,977,412 $122,392 $122,392 $25,300,420
$772,190 88,945,963 $1,392,026
1/31/2012 12 $186,209 $351,705 $14,694,698 $86,148 $86,148 $25,280,132
$970,403 87,633,463 $265,557
4/30/2012 3 $1,104,475 $1,257,926 $15,471,804 $131,381 $131,381 $26,415,443
$166,767 106,118,363 $1,126,545
7/31/2012 6 $719,609 $792,642 $15,027,854 $75,088 $75,088 $26,415,443
$332,253 106,118,363 $717,554
10/31/2012 9 $410,359 $516,258 $14,745,912 $70,698 $70,698 $26,415,443
$467,538 106,118,363 $445,560
1/31/2013 12 $167,495 $269,659 $3,766,525 $74,380 $155,550 $26,415,443 4% $703,110 105,273,363 $195,279
4/30/2013 3 $70,954 $158,985 $3,557,161 $39,658 $123,029 $26,415,443
$94,028 105,273,363 $119,327
7/31/2013 6 $133,289 $161,387 $3,339,636 $18,034 $100,064 $26,415,443
$124,164 105,058,363 $143,353
10/31/2013 9 $89,448 $139,473 $3,276,518 $18,632 $101,106 $26,415,443
$154,972 95,717,163 $120,841
1/31/2014 12 $101,408 $137,673 $853,638 $20,723 $127,504 $26,415,443 0% $200,452 9,554,716 $116,950
4/30/2014 3 $36,214 $78,327 $801,787 $23,889 $77,688 $26,415,443
$22,031 9,548,716 $54,438
7/31/2014 6 $119,733 $152,075 $773,720 $40,781 $95,091 $26,415,443
$70,087 9,410,216 $111,294
10/31/2014 9 $84,125 $116,012 $736,634 $88,466 $88,466 $26,415,443
$92,210 9,410,216 $27,546
1/31/2015 12 $67,021 $95,262 $714,861 $55,024 $93,154 $26,415,443 0% $117,634 9,410,216 $40,238
4/30/2015 3 $120,563 $147,389 $766,272 $193,310 $193,310 $26,415,443
$44,399 9,410,216 ($45,921)
7/31/2015 6 $858,158 $897,734 $1,609,903 $92,911 $92,911 $28,031,097
$110,880 25,910,194 $804,823
10/31/2015 9 $740,318 $924,534 $1,665,095 $160,816 $160,816 $28,031,097
$253,227 31,192,694 $763,718
1/31/2016 12 $528,301 $644,472 $1,376,475 $219,474 $219,474 $28,031,097 6% $546,507 31,629,694 $424,998
4/30/2016 3 $86,710 $418,197 $2,649,536 $296,700 $1,796,700 $28,031,097
$501,903 61,547,694 $121,497
7/31/2016 6 $913,365 $1,231,364 $6,917,236 $172,704 $3,214,814 $30,615,418
$266,668 71,741,694 $1,058,660
10/31/2016 9 $192,018 $618,440 $6,508,728 $99,236 $3,196,639 $30,615,428
$577,958 71,741,694 $519,204
1/31/2017 12 $1,721,363 $2,080,861 $8,427,675 $276,362 $1,392,055 $32,723,836 17% $968,831 104,120,442 $1,804,499
4/30/2017 3 $821,019 $1,117,883 $7,916,540 $146,160 $1,300,530 $32,723,836
$380,822 104,120,442 $971,723
7/31/2017 6 $204,947 $558,495 $7,715,107 $83,159 $1,278,920 $32,837,736
$693,979 98,609,942 $475,336
10/31/2017 9 $1,528,619 $2,378,945 $9,906,502 $322,458 $1,561,094 $35,000,604
$1,028,326 115,404,170 $2,056,487
1/31/2018 12 $6,948,928 $8,162,852 $16,941,874 $619,603 $8,706,596 $35,180,604 8% $1,805,879 118,944,170 $7,543,249
4/30/2018 3 $4,424,516 $5,734,234 $16,522,963 $692,323 $8,970,804 $35,182,437
$772,460 118,944,170 $5,041,911
7/31/2018 6 $2,520,492 $3,929,229 $15,952,948 $431,343 $8,906,189 $37,233,437
$1,356,431 127,400,834 $3,497,886
10/31/2018 9 $1,048,843 $5,214,457 $18,566,034 $528,632 $9,206,545 $37,233,437
$2,024,532 127,400,834 $4,685,825
4/30/2019 3 $1,449,550 $3,072,495 $17,829,912 $1,903,193 $9,558,987 $37,271,571
$491,665 111,954,585 $1,169,302
7/31/2019 6 $757,108 $2,342,888 $16,604,483 $1,893,361 $9,697,351 $37,271,571
$960,152 93,578,585 $449,527
10/31/2019 9 $542,768 $1,973,609 $16,717,168 $655,917 $8,613,798 $37,271,571
$1,326,048 93,578,585 $1,317,692
1/31/2020 12 $1,305,253 $1,931,090 $15,863,334 $688,883 $8,806,475 $37,271,686 6% $1,684,305 93,193,585 $1,242,207
4/30/2020 3 $1,609,018 $2,218,384 $16,503,346 $374,667 $8,655,066 $39,602,565
$379,580 163,543,585 $1,843,717
7/31/2020 6 $893,068 $1,509,932 $16,528,646 $503,443 $8,977,248 $39,602,565
$701,910 163,343,585 $1,006,489
10/31/2020 9 $494,911 $1,266,808 $16,642,172 $715,665 $9,389,370 $39,602,565
$1,154,235 160,200,728 $551,143
1/31/2021 12 $353,601 $2,263,119 $18,179,806 $967,513 $9,847,830 $40,737,065 9% $1,587,482 171,695,807 $1,295,606
4/30/2021 3 $11,511,900 $12,813,371 $28,816,430 $598,401 $9,022,077 $53,849,099
$649,604 286,862,379 $12,214,970
7/31/2021 6 $10,138,512 $12,194,100 $29,484,060 $685,309 $9,229,307 $53,900,099
$1,525,598 288,922,379 $11,508,791
10/31/2021 9 $7,887,537 $9,924,521 $29,426,956 $637,762 $9,127,196 $55,188,099
$2,291,773 295,922,379 $9,286,759
1/31/2022 12 $6,922,704 $8,836,373 $36,088,025 $6,658,907 $15,376,904 $56,846,350 40% $2,901,687 295,922,379 $2,177,466
7/31/2022 6 $61,629,169 $64,456,965 $96,056,401 $881,838 $9,671,133 $127,869,456
$1,888,500 762,798,490 $63,575,127
10/31/2022 9 $57,840,129 $61,127,603 $96,790,449 $1,405,905 $10,760,637 $128,062,712
$2,615,856 765,420,712 $59,721,698
1/31/2023 12 $55,495,232 $59,242,552 $102,106,198 $2,495,284 $11,645,088 $128,377,152 126% $3,447,681 765,420,712 $56,747,268
4/30/2023 3 $49,078,875 $53,590,028 $105,546,746 $3,022,646 $12,328,716 $128,394,652
$924,120 765,420,712 $50,567,382
7/31/2023 6 $39,897,599 $43,904,043 $104,308,700 $3,048,640 $12,079,873 $128,394,652
$1,091,882 776,420,712 $40,855,403
10/31/2023 9 $31,579,386 $35,535,072 $102,795,888 $2,573,144 $12,080,030 $128,394,652
$3,151,064 777,220,712 $32,961,928
Structure & People
Directors, Officers and Employees: 12,954,406 2.4% AGM: July 28, 2022
Other Insiders: 194,941,546 36.4% People Tree Available
Past Reported Shareholders: 50,932,050 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Patrick F. N. Anderson Consultant 9/22/2016 Chairman 605,333 0.1%
Kenneth A. Armstrong Geologist 7/1/2005 CEO 318,625 0.1%
Stephen T. Gatley Engineer 10/14/2021

100,000 0.0%
Samantha Hoe-Richardson Engineer 1/9/2024

0 0.0%
John F. G. McGloin Geologist 10/27/2020

55,556 0.0%
Donald Njegovan Investment Banker 10/1/2018

1,075,000 0.2%
D. Grenville Thomas Engineer 5/1/2004
Chairman 9,577,670 1.8%
Tony Trahar Accountant 6/6/2022

1,222,222 0.2%
Matthew Hird Accountant 5/14/2018
CFO 0 0.0%
Ronald K. Netolitzky Geologist 5/1/2004

Advisory Board 2,219,324 0.4%
Osisko Development Corp Public Company 7/30/2021


53,833,333 10.1%
Pretium Capital Group Investor Relations 5/16/2017

IR 0 0.0%
Vision Blue Resources Ltd Public Company 7/28/2022


138,888,889 25.9%
Past Insiders and Reported Shareholders - Current Ownership Status unknown - positions may be pre-rollback
Related Party Occupation Related
Since
Insider
Ended
Director
Ended

Capacity Ownership
Greg Beatty Broker 6/5/2008


Placee 40,000
Zara E. Boldt Accountant



Director 0
Peter M. Brown Broker 6/5/2008


Placee 250,000
John F. Burzynski Geologist 9/1/2015 7/8/2020 7/8/2020
Director 1,558,300
Keith A. Christofferson Lawyer 5/1/2004 6/26/2013 6/26/2013
Director 0
Alexandra Drapack
11/6/2017 7/8/2020 7/8/2020
Director 0
Carol Ellis Broker 3/6/2012


Placee 120,000
David Gale Geologist
7/8/2020

VP Exploration 0
Kevin Gould Broker 3/6/2012


Placee 200,000
Glenn Kondo Accountant 3/22/2018 5/14/2018

CFO 0
David Lyall Broker 6/5/2008


Placee 250,000
Catherine McLeod-Seltzer Investor 6/5/2008


Placee 100,000
Osisko Gold Royalties Ltd Public Company 9/22/2016 7/30/2021

Insider 43,833,333
A. Brian Peckford Politician 5/1/2004 6/26/2013 6/26/2013
Director 20,000
Graham Saunders Broker 6/5/2008


Placee 62,500
Eric Savics Broker 6/5/2008


Placee 345,000
Thomas W. Seltzer Broker 6/5/2008


Placee 62,500
Sun Valley Gold LLC Institution 11/15/2010


Insider 1,570,000
Eira M. Thomas Geologist 5/1/2004 2/22/2013 2/22/2013
Director 580,417
Richard D. Williams Geologist 9/1/2015 3/15/2024 3/15/2024
CEO & President 1,850,000
William J. Wolfe Engineer 5/1/2004 6/26/2013 6/26/2013
Director 50,000
Robert Wright Broker 6/5/2008


Placee 40,000
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play Secondary Plays Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Color Key for Target Outcome Achievability
Ranges in millions
ranked from most to least achievable
below $25 Should be Private: Artisanal, Placer, Mom & Pop Shop
$25-$50 Tiny Scale: underground mine or quarry - not worth the bother
$50-$100 Small Scale: junior needs to self-develop
$100-$250 Buyout Target: by Lower Tier Producers
$250-$500 Buyout Target: by Mid-Tier Producers
$500-$1,000 Ideal Target for Junior: Buckhorn, Sleeper
$1,000-$2,000 Almost World Class: Ekati, Red Chris, Brucejack, Juanicipio, Stibnite
$2,000-$5,000 World Class: Eskay Creek, Hemlo, Hermosa-Taylor, Oyu Tolgoi, LaRonde, McArthur
$5,000-$10,000 Giants: Escondida, Sullivan, Carlin Trend, Kidd Creek, Orapa, Kamoa-Kakula
above $10,000 Off the Scale District: Wits 1.0, Araxa, Sudbury Basin, Bayan Obo
The target outcome range required for the current implied project value to represent fair speculative value is based on the upper and lower certainty limits associated with the project stage. The color coding is based on the target outcome using the mid-point of the certainty range.
Active Company Projects
Project Location Net
Interest
Stage IPV $
MM
Fair Spec Value
Required Target
Outcome Range

$100
UPV
$500

$2000
Target Metals Deposit Style
South Crofty United Kingdom 100% WI 7-Permitting & Feasibility $97 $130 - $194 Tin Copper ZincVein
Nickel King Canada - Northwest Territories 100% WI 4-Infill & Metallurgy $97 $972 - $1,943 Nickel Copper CobaltMagmatic Segregation
United Downs United Kingdom 100% WI 3-Discovery Delineation $97 $1,943 - $3,886 Tin CopperVein
Sleitat United States - Alaska 100% WI 3-Discovery Delineation $97 $1,943 - $3,886 Tin SilverGreisen
Project StageFlagshipSecondaryActive
Grassroots (1) & Target Testing (2)
Discovery Delineation (3)
Infill Drilling & Metallurgy (4)
PEA (5) or PFS (6)
Feasibility & Permitting (7)
Construction (8) or Production (9)
Clicking on the project icon will display a popup identifying the company project, its stage and target metals, basic facts, a chart, a link to that project within that company's KRO Profile, a link to the most recent news release, and a link to the most recent KRO comment if one exists.
Company Projects

South Crofty Project
Featured in Share Collective
South CroftyUnited KingdomOTOther1,490 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 2.13%
Ownership Terms: Upon closing of the acquisition, Strongbow reimbursed Tin Shield C$318,000 for operating costs incurred for the project from November 1, 2015 to February 29, 2016; Strongbow assumed responsibility for the monthly project operating costs as of March 2016. Also upon closing, Strongbow made a payment of US$80,000 to Tin Shield to refund a shareholder loan made to Tin Shield. On July 11, 2016, Strongbow issued 2,000,000 common shares with a value of $400,000 for the acquisition. A total of 1,050,000 common shares were issued to Galena and 950,000 common shares were issued to Tin Shield. The common shares are subject to a hold period that will expire November 12, 2016. Suibject to a sliding NSR of 0.42% at tin below $22,000/t ($10/lb) and 0.63% above $25,000/t ($11.34/lb). Agreement Aug 28, 2017 whereby Osisko Gold Royalties acquired a 1.5% NSR for$7,170,000.
Target Metals: Tin Copper ZincModel: VeinStage: 7-Permitting & Feasibility
See Company Coordinate based Project Location Google Map in free Corporate Profile
Base Case Resource Estimates
Project Resource Estimate - South Crofty - Upper Mine
Jun 7, 2021NI 43-101Nicholas Szebor CGeol, R Chesher FAusIMM, AMC ConsultantsCutoff: 0.6% SnEq min 1.2 m mining width $10.89/lb Sn, $4.08/lb Cu, $1.27/lb Zn, recovery 88.5% Sn, 85% Cu, 70% Zn
Note: SG 3.0, hosted outside the granite, 9 zones, 0-350 m depth
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Indicated Resources277,000$301/tTin0.670%100.0%4,091,517 lb71%
Copper0.780%100.0%4,763,259 lb24%
Zinc0.570%100.0%3,480,843 lb5%
Inferred Mineral Resources493,000$279/tTin0.640%100.0%6,955,954 lb73%
Copper0.630%100.0%6,847,268 lb21%
Zinc0.630%100.0%6,847,268 lb6%
All Categories Spot770,000$287/tTin0.651%
11,047,472 lb72%
Copper0.684%
11,610,527 lb22%
Zinc0.608%
10,328,111 lb6%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$220,987,64844.0%Tin $14.45/lb, Copper $4.19/lb, Zinc $1.23/lb
Project Resource Estimate - South Crofty - Lower Mine
Jun 7, 2021NI 43-101icholas Szebor CGeol, R Chesher FAusIMM, AMC ConsultantsCutoff: 0.6% Sn, min 1.2 m width
Note: SG 2.77, 9 zones 350-870 m depth
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Indicated Resources2,084,000$507/tTin1.590%100.0%73,050,748 lb100%
Inferred Mineral Resources1,937,000$532/tTin1.670%100.0%71,314,184 lb100%
All Categories Spot4,021,000$519/tTin1.629%
144,364,932 lb100%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$2,086,073,2654.7%Tin $14.45/lb

Nickel King Project
Featured in Share Collective
Nickel KingCanadaNTNorthwest Territories7,642 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: Nickel Copper CobaltModel: Magmatic SegregationStage: 4-Infill & Metallurgy
See Reliable Project Location Google Map in free Corporate Profile
Base Case Resource Estimates
Project Resource Estimate - Nickel King
Feb 25, 2009NI 43-101Pierre Desautels, PEG Mining ConsultantsCutoff: 0.2% Ni
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Indicated Resources11,111,000$87/tNickel0.400%100.0%97,981,248 lb82%
Copper0.100%100.0%24,495,312 lb11%
Cobalt0.018%100.0%4,409,156 lb8%
Inferred Mineral Resources33,061,000$78/tNickel0.360%100.0%262,390,624 lb81%
Copper0.090%100.0%65,597,656 lb11%
Cobalt0.017%100.0%12,390,668 lb8%
All Categories Spot44,172,000$81/tNickel0.370%
360,371,872 lb81%
Copper0.093%
90,092,968 lb11%
Cobalt0.017%
16,799,825 lb8%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$3,556,872,6842.7%Nickel $8.03/lb, Copper $4.19/lb, Cobalt $17.00/lb

United Downs Project
Featured in Share Collective
United DownsUnited KingdomOTOther15,000 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: Tin CopperModel: VeinStage: 3-Discovery Delineation
See Reliable Project Location Google Map in free Corporate Profile

Sleitat Project
Featured in Share Collective
SleitatUnited StatesAKAlaska1,425 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: Tin SilverModel: GreisenStage: 3-Discovery Delineation
See Reliable Project Location Google Map in free Corporate Profile
Company Related KRO Comments
Jan 6, 2023Kaiser Watch - 0:24:12
Jan 6, 2023KW Excerpt: Kaiser Watch January 6, 2023: Cornish Metals Inc (CUSN-V)
Nov 28, 1994Report Nov-Dec 1994: Nickelodeon Minerals Inc - 1995 Bottom-Fish 100

Company News Releases - Members Only
Mar 21, 2024Releases Audited Financial Statements and Managements Discussion and - (2,714,155 ) (2,714,155 )
Mar 15, 2024Change In Executive Management
Mar 6, 2024Appoints Cavendish as Joint Broker
Mar 4, 2024To Bring Forward Refurbishment of New Cooks Kitchen Shaft
Feb 5, 2024Successful Exploration Drilling at Wide Formation Target, South Crofty Tin Project
Jan 18, 2024Provides an Activities Update and 2024 Outlook
Jan 9, 2024Samantha Hoe Richardson Joins the Board of Directors
Dec 14, 2023Releases Unaudited Financial Statements and Managements - - (1,571,831) (1,571,831)
Dec 7, 2023Updates on Good Progress of Dewatering South Crofty Mine
Oct 30, 2023Files Technical Report for the South Crofty Tin Project Mineral Resource Update on SEDAR
Oct 26, 2023Completes Commissioning and Officially Opens the Water Treatment Plant at South Crofty Tin Project
Oct 2, 2023Change in Financial Year End and Grant of Stock Options
Sep 29, 2023Releases Unaudited Financial Statements and Managements Discussion and Analysis for the Six Months Ended 31 July 2023
Sep 28, 2023Commences Wet Commissioning of South Crofty Mine Water Treatment Plant
Sep 20, 2023Commences 9,000 Metre Drilling Programme At Wide Formation Target, South Crofty Tin Project
Sep 14, 2023Releases Updated Mineral Resource Estimate for South Crofty Tin - - - - -
Sep 7, 2023Strengthens the Executive Team
Jul 27, 2023Commissions Submersible Pumps and Variable Speed Drives
Jul 19, 2023Installs Second Submersible Pump, Commences Commissioning of Variable Speed Drives for the Pumps and Signs 100% Renewable Power Contract
Jul 18, 2023Corporate Update and Grants Incentive Stock Options
Jul 5, 2023Osisko Development Files Close Out Early Warning Report
Jul 4, 2023Releases Assay Results for No. 4, No. 8 and Roskear B Lodes as Part of the South Crofty Tin Project Metallurgical Drill Programme
Jun 30, 2023Results of Its 2023 Annual General and Special Meeting of the Shareholders
Jun 27, 2023First Submersible Pump Fully Installed to 360m Depth
Jun 22, 2023Releases Unaudited Financial Statements And Managements $ 2,007,665 $ 384,758 $ 2,314,760
Jun 14, 2023Provides Update for the South Crofty Tin Project
Jun 8, 2023Notice of Annual General and Special Meeting
May 18, 2023Provides South Crofty Tin Project Progress Report
Mar 6, 2023Provides South Crofty Tin Project Update
Jan 16, 2023Optimistic Over Potential for "Whole New, District scale Target"
Jan 11, 2023Makes New Discovery and Reports Other High Grade Tin Intercepts From the South Crofty Project
Nov 8, 2022South Crofty Project Update
Nov 1, 2022Signs a New Mineral Lease Adjacent to South Crofty
Sep 29, 2022Releases Unaudited Financial Statements and Managements (226,290 )
Aug 24, 2022High Grade Copper, Tin, and Zinc Mineralisation From Drilling at the Mount Wellington and United Mines Targets, United Downs Project
Jul 29, 2022Results of 2022 Annual General and Special Meeting
Jul 21, 2022Private Placement Brokered, Correction
Jul 11, 2022Commences 8,000m 12,000m Metallurgical Study Drill Programme at South Crofty
Jun 30, 2022Shares for Debt
Jun 30, 2022Private Placement Brokered
Jun 30, 2022Drilling From the Trenares Target, United Downs Project, Cornwall, UK
Jun 23, 2022Unaudited Financial Statements and Managements Discussion and Analysis for the Three Months Ending 30 April 2022
Jun 10, 2022Change of Auditor
Jun 6, 2022Vision Blue Resources Nominates Mr. Tony Trahar to Cornish Metals Board of Directors
May 30, 2022Issues Shares as Deferred Consideration for Cornwall Assets
May 30, 2022Cornish Metals Completes Sleitat Royalty Sale to Electric Royalties
May 24, 2022Successfully Closes 40.5 Million Financing
May 20, 2022Results of Special Meeting of Shareholders
May 19, 2022Releases Audited Financial Statements and Managements Discussion and Analysis for the Year Ended January 31, 2022
Apr 25, 2022Special Meeting of Shareholders to Be Held on May 19, 2022
Mar 28, 2022To Raise Up to (GBP)40.5 Million Through a (GBP)25 Million Strategic Investment by Sir Mick Davis' Vision Blue Resources And a UK Placing and Canadian Subscription of Up to (GBP)15.5
Mar 25, 2022Corporate Update UK Media and Public Relations Services
Mar 10, 2022Electric Royalties To Acquire 1% Nsr On Sleitat Tin silver Project
Mar 10, 2022Enters Agreement to Sell a 1% NSR Royalty on the Sleitat Tin Silver Project in Alaska to Electric Royalties Ltd
Feb 15, 2022Signs Additional Mineral Lease at South Crofty
Jan 10, 2022Cornish Lithium Extends Exploration Option for a Further 12 Months
Dec 16, 2021Releases Unaudited Financial Statements and Management's Discussion and Analysis for the Nine Months Ended October 31, 2021
Dec 7, 2021High Grade Copper at the United Downs Copper Tin Project
Nov 3, 2021Property Asset or Share Purchase Amending Agreement
Nov 3, 2021Receives TSX V Final Approval for the Restructuring of the Deferred Consideration Payable for the Cornwall Assets
Nov 3, 2021Continues to Intersect High Grade Tin, Copper, Silver and Zinc at United Downs
Oct 14, 2021Appointment of Mr. Stephen Gatley as an Independent Non Executive Director
Oct 4, 2021Update on TSX V Approval for the Restructuring of the Deferred Consideration Payable for the Cornwall Assets
Sep 23, 2021Adds a Second Drill Rig to United Downs Drill Programme
Sep 23, 2021Releases Unaudited Financial Statements and Management's Discussion and Analysis for the Six Months Ended July 31, 2021
Aug 31, 2021Results From Ongoing United Downs Drill Programme
Aug 3, 2021Results of Its 2021 Annual General and Special Meeting of the Shareholders
Jul 26, 2021Files Technical Report for the South Crofty Tin Project Mineral Resource Update on Sedar
Jul 6, 2021Results From Ongoing United Downs Drill Programme
Jul 2, 2021A Restructuring of the Deferred Consideration Payable for the Cornwall Assets
Jun 30, 2021Amendments to Its By Laws to Include Provisions Relating to Advance Notice and Notice And Access and Notice of Annual General Meeting
Jun 24, 2021Releases Financial Statements and Management's Discussion and (210,502 )
Jun 9, 2021Releases Updated Mineral Resource Estimate for South Crofty Tin Mine
May 17, 2021Releases Financial Statements and Management's Discussion and Analysis for the Year Ending 31 January 2021 and Posting of Annual Accounts to Shareholders
Apr 8, 2021Drill Programme Underway at United Downs Copper Tin Project
Mar 24, 2021Receives Permit for United Downs Drilling Programme
Mar 9, 2021Signs Important South Crofty Leases and Agreement for Disposal of Mine Water Treatment Waste
Feb 26, 2021Amendment, Private Placement Brokered
Feb 22, 2021Closing of Agreement to Convert Osisko Note Into Royalties
Feb 19, 2021Private Placement Brokered
Feb 16, 2021Admission to Trading on AIM, Closing of the (GBP)8.2 Million Fundraising & First Day of Dealings
Feb 11, 2021Receives Conditional Approval for (GBP)8.2 Million Financing and Posts AIM Admission Document
Feb 5, 2021Oversubscribed (GBP)8 Million Placing And Supplementary (GBP)206,000 Subscription Funding Via Minexia Limited
Jan 25, 2021Proceeds of $670,400 From Exercise of Warrants
Jan 22, 2021Early Warning News Release
Jan 18, 2021Agreement in Principle to Convert Amounts Owing Under Its 2018 Note Financing Into a Royalty
Jan 13, 2021Intention to Float on the AIM Market of the London Stock Exchange and an Equity Raise of Up to (GBP)5 Million to Advance the United Downs Copper Tin Project
Nov 20, 2020Warrant Amendment
Nov 19, 2020Multiple Copper and Tin Drill Intersects From United Downs
Nov 9, 2020Completes Early Warrant Exercise Incentive Program
Oct 27, 2020Appointment of John McGloin as Director
Oct 13, 2020Approval of Early Warrant Exercise Incentive Program
Oct 9, 2020Warrant Amendment
Oct 7, 2020High-Grade Tin Mineralisation From South Crofty Drill Programme
Oct 1, 2020Early Warrant Exercise Incentive Program
Sep 15, 2020Further High-grade Tin Mineralisation From South Crofty 2020 Drill Programme
Sep 9, 2020High Grade Tin Copper Results From South Crofty 2020 Drill Programme
Aug 19, 2020Grants Incentive Stock Options
Jul 29, 2020Cornish Metals Name Change from Strongbow Exploration and New Ticker Symbol
Jul 29, 2020Cornish Metals Name Change from Strongbow Exploration and New Ticker Symbol
Jul 23, 2020Name Change
Jul 9, 2020Appoints Patrick Anderson as Chairman, AGM Results and Notice of Name Change to Cornish Metals Inc.
Jun 23, 2020Starts Drilling at South Crofty
Apr 16, 2020Final Assay Results for United Downs Copper and Tin Discovery, Cornwall, UK
Apr 7, 2020New Discovery Of High Grade Copper + Tin Mineralisation In Drilling From The United Downs Project, Cornwall, UK
Feb 4, 2020Closes Non Brokered Private Placement for Total Gross Proceeds of $2,352,500
Jan 16, 2020To Raise $2 Million Through a Private Placement
Sep 11, 2019Retains Royalty Interests in Mactung and Cantung Tungsten Projects
Sep 5, 2019Results of AGM
May 8, 2019Settles $1,500,000 Loan From Osisko Gold Royalties
Jan 23, 2019That Cornwall Council Votes Overwhelmingly in Favour of a 1M Investment as Part of an AIM Listing
Dec 21, 2018Cornwall Council Proposal to Invest 1m Into Strongbow Receives Cabinet Support
Dec 13, 2018Extends Amended Share Purchase Agreement and Date for AIM Listing
Oct 18, 2018Strongbow to Benefit From New High Grade Gold Discovery in B.C.
Oct 17, 2018Enters into Financing and Offtake Agreement with Orion Mine Finance for the South Crofty Tin Project
Oct 9, 2018South Crofty Operations Update
Jul 3, 2018Appoints Brenda Nowak As Corporate Secretary
Jun 20, 2018Share Issuance for South Crofty
May 14, 2018Appoints Matthew Hird As Chief Financial Officer
May 14, 2018Intention to Float on the AIM Market of the London Stock Exchange
Mar 28, 2018Completes Amendment to South Crofty Share Purchase Agreement
Mar 21, 2018Appoints Glenn Kondo As CFO
Feb 5, 2018Correction
Jan 29, 2018Closing of $7.17 Million Note Financing From, and Grant of Royalty Option to, Osisko Gold Royalties
Jan 18, 2018Results From Special Meeting Held January 15, 2018
Nov 7, 2017Property Asset or Share Disposition Agreement
Nov 6, 2017Corporate Update
Oct 23, 2017Strongbow's South Crofty Receives Water Discharge Permit British Tin Project Fully Permitted for Production Decision
Sep 21, 2017Private Placement Non Brokered
Sep 21, 2017Closes Non Brokered Private Placement For Total Gross Proceeds Of $2.2 Million
Sep 12, 2017Early Warning News Release
Sep 12, 2017Closes Initial Tranche of Private Placement for Gross Proceeds of $1.33 Million
Aug 30, 2017Strongbow Enters into C$8.5M Royalty Sale and Equity Financing Agreement with Osisko Gold Royalties
Jun 6, 2017Engages Engineering Firms For Water Treatment Plant Design At The South Crofty Tin Project, Cornwall, Uk
May 24, 2017Strongbow Sells Skoonka Creek Gold Property To Westhaven
May 16, 2017Retains Pretium Communications To Provide Investor Relations Services
Apr 3, 2017Files South Crofty Tin Project NI 43 101 Technical Report And PEA On Sedar
Mar 30, 2017Successfully Completes Water Treatment Trials At South Crofty
Feb 16, 2017South Crofty Tin Project Reports Positive PEA Results
Jan 19, 2017Options Lithium Brine Exploration Rights To Cornish Lithium Limited Exploring Lithium In Brines And Geothermal Energy In Cornwall, Uk
Jan 3, 2017Grants Incentive Stock Options
Dec 21, 2016Closes Final Tranche Of Non Brokered Private Placement
Dec 20, 2016Private Placement Non Brokered
Nov 28, 2016Raises $1.97 Million In Non brokered Private Placement
Nov 21, 2016Private Placement Non Brokered
Nov 17, 2016South Crofty Water Treatment Trials Commence
Nov 7, 2016Non Brokered Unit Private Placement Financing Up To $2,500,000
Oct 24, 2016South Crofty Preliminary Economic Assessment On Schedule
Sep 16, 2016Property Asset or Share Purchase Agreement
Sep 7, 2016Strengthens Board And Management With New Appointments
Jul 21, 2016Closes Second And Third Tranche Of Financing For Additional Gross Proceeds Of $490,375
Jul 20, 2016Provides Clarification On The NI 43 101 Mineral Resource Estimate For The South Crofty Tin Project
Jul 19, 2016Private Placement Non Brokered
Jul 12, 2016Completes Acquisition Of South Crofty Tin Project, Cornwall, Uk
Jun 30, 2016Early Warning Report
Jun 29, 2016Closes First Tranche Of Financing For $1,795,000
Jun 28, 2016Private Placement Non Brokered
Jun 1, 2016Files Technical Report And Resource Estimate For The South Crofty Tin Project On Sedar
May 31, 2016Non Brokered Unit Private Placement Financing Up To $5,000,000
Apr 19, 2016Releases NI 43 101 Resource Estimate For South Crofty
Mar 18, 2016Resume Trading
Mar 17, 2016Halt
Mar 17, 2016To Acquire The South Crofty Tin Project, Cornwall, Uk
Mar 16, 2016Closes Acquisition Of The Mactung And Cantung Royalties
Mar 7, 2016To Acquire Mactung And Cantung Royalties
Oct 23, 2015Grant Of Incentive Stock Options
Oct 13, 2015Cancels Issuance Of Incentive Stock Options
Sep 28, 2015Issues Incentive Stock Options And Appoints CFO
Sep 8, 2015Westhaven Acquires 100% Interest In The Shovelnose Gold Property
Sep 1, 2015Corporate Changes And New Director
Jul 29, 2015Osisko Files Early Warning Report In Connection With Strongbow Transactions
Jun 22, 2015Strongbow Updates Acquisition Of Two Alaskan Tin Projects And Private Placement Financing
Mar 12, 2015Increases Private Placement Financing From $500,000 To $1 Million
Mar 10, 2015Acquisition Of Two Alaskan Tin Projects And $500,000 Private Placement Financing
Nov 28, 2014BCSC Delinquent Filer 2 Days; Non-Compliance of Technical Disclosure
Mar 27, 2014Consolidation
Mar 24, 2014Share Consolidation


 

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