Cornish Metals Obtains Final Order for Plan of Arrangement

Core Viewpoint - Cornish Metals Inc. has received approval from the Ontario Superior Court for its re-domicile to the United Kingdom through a statutory plan of arrangement, facilitating the transfer of shares to Cornish Metals plc [1][2][3] Group 1: Arrangement Details - The arrangement involves exchanging one Cornish UK Share for every ten Cornish Canada Shares held, with rounding down to the nearest whole number [2] - The arrangement is expected to close on or about December 16, 2025, subject to customary closing conditions [3] - Following the completion, Cornish Canada Shares will be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer in applicable jurisdictions [3] Group 2: Company Overview - Cornish Metals is focused on advancing the South Crofty tin project, which is a historical underground tin mine in Cornwall, UK, with existing mine infrastructure [6] - The South Crofty project is noted as the highest grade known tin resource not currently in production and is permitted for underground mining until 2071 [6] - The project is positioned to potentially be the first primary producer of tin in Europe or North America, with tin classified as a critical mineral by multiple governments [6]