Cornish Metals Completes Sale of Mactung and Cantung Royalties

VANCOUVER, British Columbia, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, reports that it has completed the sale of its royalty interests on the Mactung and Cantung tungsten projects located in Northern Canada to Elemental Altus Royalties Corp. for a total cash consideration of US$4,500,000 (see news release dated July 21, 2024). The first cash payment of US$3,000,000 has been received by the Company, with the balance due by August 1, 2025.

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