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, with shares expected to commence trading on October 14, 2025 [1][2]. Company Actions - The exercise of options was conducted under the company's share option plan approved by shareholders on June 29, 2023, allowing for the issuance of shares equivalent to the net gain from the options [2]. - Following the exercise, Mr. Hird requested the sale of the new common shares at a price of 7.80 pence per share, with settlement due on October 14, 2025 [3]. Share Capital Information - After the issuance of the new shares, Cornish Metals' total issued and outstanding share capital will consist of 1,253,751,619 common shares, with no shares held in treasury [4]. - The company has provided a detailed table of outstanding stock options, warrants, and performance share units, indicating various exercise prices and expiry dates [5]. Financial Instrument Details - The nature of the transaction involved the net exercise of share options, resulting in the issuance of 249,626 shares at a nil price [8]. - The transaction was conducted outside of a trading venue, with the date of the transaction recorded as October 10, 2025 [8]. Company Overview - Cornish Metals is focused on advancing the South Crofty tin project in Cornwall, UK, which is permitted for underground mining and construction of a processing facility [9][11]. - The project is positioned to be the only primary producer of tin in Europe or North America, highlighting the strategic importance of tin as a critical mineral used in electronic devices [11].