South Crofty tin project receives £4.19 million UK government grant

CORNWALL, UK - Cornish Metals Inc. (AIM/TSX-V:CUSN) has secured grant funding of up to £4.19 million for its South Crofty tin project’s Bartles Foundry development, the company announced Wednesday.

The funding, provided through the Cornwall and Isles of Scilly Good Growth Programme, represents approximately 62% of the estimated £6.8 million total project cost. The UK government-backed grant will support construction of workshops, stores and offices at the Bartles Foundry site as South Crofty prepares for production.

The development plan includes the previously announced purchase of 4.5 acres of land from Cornwall Council, with conditional planning approval granted in January 2025.

"This funding will enable the construction of the Bartles Foundry project that will support South Crofty as we move into the underground development phase, which will provide local employment opportunities," said Don Turvey, CEO of Cornish Metals.

Cornwall Council’s Cabinet Member for Economic Regeneration and Investment, Tim Dwelly, noted that South Crofty is "supporting high-quality well-paid jobs in the area" while "strengthening the domestic supply of essential minerals."

The grant follows an earlier investment from the UK’s National Wealth Fund in 2025. A 2024 study concluded the site was suitable for development.

South Crofty is a historical underground tin mine with existing infrastructure and mining permits valid until 2071. According to the company’s statement, the project would become the only primary producer of tin in Europe or North America if developed.

The information in this article is based on a press release statement from Cornish Metals Inc.

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