Cornish Metals Provides an Update on Dewatering and Shaft Refurbishment

Core Viewpoint - Cornish Metals Inc. is making significant progress in the refurbishment of the New Cook's Kitchen shaft and mine dewatering at its South Crofty tin project, with work expected to continue into mid-2026 [1][3]. Group 1: Project Progress - Mine dewatering and refurbishment have reached the mid-shaft pump station at approximately 360 meters below the surface, with the installation of new permanent pumps underway [2]. - The completion of work on the pump station is anticipated in Q4 2025, after which dewatering and refurbishment will resume down to approximately 730 meters below the surface [3]. Group 2: Project Significance - The South Crofty tin project is a high-grade underground tin mine in Cornwall, UK, with existing infrastructure that supports future operations [5]. - The project is permitted for underground mining until 2071 and aims to be the only primary tin producer in Europe or North America, addressing the critical mineral demand as two-thirds of current tin production comes from China, Myanmar, and Indonesia [5]. - The project is expected to generate over 300 direct jobs, benefiting from strong local and governmental support [5].