Results of Special Meeting of Shareholders

Core Viewpoint - Cornish Metals Inc. has successfully obtained shareholder approval for the reorganization of its corporate structure through a court-approved plan of arrangement, facilitating the transfer of shares to Cornish Metals plc in the UK [1][2][3]. Shareholder Approval - The special resolution for the arrangement received overwhelming support, with 99.95% of votes cast by shareholders present or represented by proxy at the meeting [2]. - Approval also included 99.91% of votes from shareholders, stock option holders, and performance share unit holders voting as a single class [2]. - The required approvals to proceed with the arrangement have been fully obtained [2]. Arrangement Details - The arrangement involves shareholders transferring their Cornish Canada Shares to Cornish Metals plc in exchange for new shares at a ratio of one Cornish UK Share for every ten Cornish Canada Shares [3]. - Any shareholder with fewer than ten Cornish Canada Shares will have their allocation rounded down to the nearest whole number [3]. Procedural Information - Detailed procedures for the exchange of shares are outlined in the management information circular dated October 22, 2025, which is available on the company's website [4]. - Registered shareholders must complete and return the Letter of Transmittal along with their share certificates as per the instructions provided [5]. Court Approval Process - The arrangement requires final approval from the Ontario Superior Court of Justice, with a hearing scheduled for December 11, 2025 [6][7]. - An interim order was previously obtained to authorize the meeting and related matters [7]. Timetable of Events - The arrangement is expected to close on December 16, 2025, with the admission of Cornish UK Shares to trading on AIM anticipated on December 18, 2025 [8][9]. - Key dates include the delisting of Cornish Canada Shares and the suspension of trading on AIM, both set for December 16, 2025 [9]. Company Overview - Cornish Metals is focused on advancing the South Crofty tin project, which is a high-grade tin resource located in Cornwall, UK, and is permitted for underground mining [11]. - The project is positioned to potentially become the first primary tin producer in Europe or North America, addressing the critical mineral demand in electronic devices [11].