10th Jan 2022 12:05
Cornish Metals Inc - Vancouver-based mineral exploration company with projects focused in the UK and North America - Receives notice from Cornish Lithium Ltd that it has extend its option to explore Cornish Metals' mineral rights in Cornwall, England for a further 12 months. Cornish Lithium will issue shares equal to USD100,000 to Cornish Metals in consideration for the one-year extension. In addition to the payment, Cornish Metals will have a 25% free carried interest in Cornish Lithium's first project on the Cornish Metals mineral rights and a 10% free carried interest in each subsequent project developed by Cornish Lithium on the mineral rights. Cornish Lithium is exploring for lithium in brine and geothermal waters in Cornwall.
Current stock price: 26.83 pence, up 1.2% on Monday
12-month change: up from 10.00p on February 16, 2021
By Heather Rydings; [email protected]
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