Cornish Metals Announces Exercise of Stock Options and Issue of Equity & PDMR Dealings

Core Viewpoint - Cornish Metals Inc. has announced that CFO Matthew Hird exercised 750,000 options over common shares, resulting in the issuance of 249,626 new common shares using the net exercise method, which reflects the difference between the exercise price and market value at the time of exercise [1][2]. Share Issuance and Trading - The new common shares will rank pari passu with existing shares and are expected to be admitted to trading on AIM around October 14, 2025 [2]. - The shares were sold at a price of 7.80 pence per share, with settlement due on the same date [3]. - Following the issuance, the total issued and outstanding share capital of Cornish Metals will consist of 1,253,751,619 common shares [4]. Stock Options and Performance Units - The company has a total of 1,300,000 outstanding options with an exercise price of C$0.10, and various other options with exercise prices ranging from C$0.16 to C$0.33, with expiration dates extending to 2029 [5]. - There are also 12,315,951 performance share units outstanding, with no specified exercise price [5]. Regulatory Compliance - The transactions were conducted in accordance with the UK Market Abuse Regulation, and details of the transactions have been disclosed as required [7][8].