Cornish Tin Limited raises over £2.2 million in latest funding round to accelerate critical minerals development

The round was supported by a combination of existing shareholders and new investors, reflecting continued confidence in the company’s strategy and the long-term fundamentals of the tin and lithium markets. The pre-money valuation of Cornish Tin for this raise was £29 million. Proceeds from the raise will be used to accelerate exploration and development activities across the Great Wheal Vor and Tregonning South Projects, including the advancement of priority targets and further resource definition.

The global tin market has faced sustained supply pressure in recent years, with demand outpacing supply and prices reaching highs above US$50 000/t. Demand from electronics, renewable energy systems, and electrification continues to support strong long-term fundamentals. Tin plays a critical role in solder for electronics and in solar panel manufacturing. Lithium prices have also been steadily climbing as demand increases: lithium is a key component in battery technologies.

Cornish Tin is positioned to support a secure, domestic supply of critical minerals for the UK and Europe, at a time when governments and industry are increasingly focused on supply chain resilience.

Sally Norcross Webb, CEO of Cornish Tin commented on the raise: “This funding marks an important milestone for Cornish Tin as we continue to advance our projects in Cornwall. The strong support from both existing and new investors is a clear endorsement of our strategy and the quality of our asset base. We believe Cornwall has the potential to play a significant role in securing domestic supply of critical minerals, and this capital enables us to accelerate our progress towards that goal.”

Read the article online at: https://www.globalminingreview.com/mining/31032026/cornish-tin-limited-raises-over-22-million-in-latest-funding-round-to-accelerate-critical-minerals-development/