19th Aug 2024 15:17
Cornish Metals Inc - developing South Crofty tin project in Cornwall - Loss for six months that ended June 30 is CAD4.1 million, about GBP2.3 million, widened from CAD887,399 in the six months that ended July 31, 2023. Cornish Metals is not yet revenue-generating. In addition to higher operating expenses, Cornish Metals has lower interest income in the recent half-year, and it takes a foreign exchange loss, rather than profit. Cash as of June 30 is CAD6.0 million, down from CAD40.0 million a year before. Set to add to that is an agreement by Cornish Metals to sell its Nickel King property in Canada for up to CAD8 million. Read More