Cornish Metals Announces Update to Its Plans to Re-Domicile to the UK

Core Viewpoint - Cornish Metals Inc. is proceeding with its plan to re-domicile from Canada to the UK, which is expected to simplify its corporate structure and align better with its operational focus on tin production at the South Crofty mine in Cornwall [1][4]. Re-Domicile Process - An arrangement agreement has been signed for the re-domicile, with completion expected in December 2025, subject to shareholder and regulatory approvals [1][2]. - The re-domicile will involve shareholders exchanging their shares in Cornish Canada for shares in Cornish UK at a ratio of one Cornish UK share for every ten Cornish Canada shares [5]. - Cornish UK will become the parent company of the Cornish Group following the arrangement [6]. Shareholder Rights and Company Structure - Upon completion of the transaction, the rights of former Cornish Canada shareholders will remain largely unchanged, maintaining their proportionate interest in Cornish UK [7]. - Cornish UK will apply for admission to trading on the AIM market, while Cornish Canada plans to delist from the TSX Venture Exchange and cease being a reporting issuer in Canada [8]. Special Meeting and Approvals - A special meeting will be held to seek approval for the re-domicile, requiring a two-thirds majority vote from shareholders [11][12]. - The arrangement must also receive final approval from the Ontario Superior Court [12]. Communication and Information - The company will distribute a management information circular to shareholders detailing the transaction and the special meeting [9][10]. - Further information will be made available through an AIM Schedule 1 announcement and on the company's website [13].