Cornish Metals Completes Redomicile to UK

Core Viewpoint - Cornish Metals Inc. has successfully completed its re-domicile to the United Kingdom, resulting in Cornish Canada becoming a wholly owned subsidiary of Cornish UK [1][2]. Group 1: Re-domicile and Share Exchange - The re-domicile involved the transfer of all issued and outstanding common shares of Cornish Canada to Cornish UK, with shareholders receiving one Cornish UK Share for every ten Cornish Canada Shares held [2]. - A total of 125,450,089 Cornish UK Shares were issued to former Cornish Canada shareholders as part of the arrangement [2]. - The trading of Cornish Canada Shares on the TSX Venture Exchange will cease, and they will be delisted from AIM on December 18, 2025 [3]. Group 2: Shareholder Actions and Reporting - Registered shareholders of Cornish Canada must complete and return the Letter of Transmittal along with their share certificates to exchange for Cornish UK Shares [5]. - Following the arrangement, Cornish UK now holds 100% beneficial ownership of Cornish Canada Shares on a fully-diluted basis [6]. Group 3: Early Warning Disclosures - National Wealth Fund Limited (NWF) held 356,911,283 Cornish Canada Shares prior to the arrangement, representing 28.45% of the total shares, and received 35,691,128 Cornish UK Shares post-arrangement [8][9]. - Vision Blue Resources Limited (VBR) owned 364,932,045 Cornish Canada Shares, equating to 29.09% of the total, and received 36,493,204 Cornish UK Shares after the arrangement [12][13]. Group 4: Company Overview - Cornish Metals is focused on advancing the South Crofty critical mineral project, which is a historical underground tin mine in Cornwall, UK, and is permitted to commence underground mining [16]. - The project is recognized as the highest grade known tin resource not currently in production and is expected to generate over 300 direct jobs [16][17].