ADMISSION TO TRADING OF US$210 MILLION SENIOR SECURED BONDS ON NORDIC ABM

Summary by AI BETAClose X

Cornish Metals plc announced that its US$210 million senior secured bonds, carrying a 13.5 per cent. annual coupon, have been approved for trading on Nordic ABM, with the first day of trading being today, August 5, 2026. This development follows the successful placement of these six-year bonds, which are intended to advance the South Crofty critical mineral project towards production. The project is expected to produce approximately 4,700 tonnes of tin-in-concentrate annually in its initial five years, with projected low all-in sustaining costs over a 14-year mine life.

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