Cornish Metals Inc. APPOINTMENT OF Mr. STEPHEN GATLEY AS DIRECTOR (0130P)
14 Octubre 2021 - 01:00AM
UK Regulatory
TIDMCUSN
RNS Number : 0130P
Cornish Metals Inc.
14 October 2021
CORNISH METALS ANNOUNCES APPOINTMENT OF Mr. STEPHEN GATLEY AS AN
INDEPENDENT NON-EXECUTIVE DIRECTOR
October 14, 2021
Cornish Metals Inc. (TSX-V: CUSN) ("Cornish Metals" or the
"Company") is pleased to announce the appointment of Mr. Stephen
Gatley to the Board of Directors (the "Board') as an independent
non-executive Director.
Mr. Gatley is a mining engineer and graduate of the Royal School
of Mines, London. He spent the early part of his career working in
the Cornish tin industry at both Wheal Jane and South Crofty mines
and was the General Manager at South Crofty at the time of its
closure in 1998. He also worked for Rio Tinto plc in senior
positions at underground base metal mines in both Europe and South
America, prior to joining Lundin Mining Corp. where he served as
Vice President Technical Services from 2012 to 2021. In this
position, he provided technical oversight to Lundin's operating
mines and growth initiatives, including the acquisition and
subsequent construction of the high-grade Eagle underground
nickel/copper mine in Michigan, USA, the acquisition and subsequent
expansion of the Candelaria copper open pit and its three
underground mines in Chile and the acquisition and integration of
the Chapada copper/gold mine in Brazil.
Mr. Gatley is based in the UK and has been a director of
numerous Lundin Mining Corp subsidiary companies and remains as a
director of their Portuguese subsidiary, Somincor S.A. He has
previously served as a non-executive Director of AIM and ASX listed
Union Resources Ltd. and TSX listed Sunridge Gold Corp.
Mr. Gatley stated, "I am delighted to join to the Board of a
company that is focused on restarting the Cornish mining industry
and I look forward to bringing my technical underground mining
experience and local knowledge to bear".
Richard Williams, CEO of Cornish Metals, stated, "We are very
pleased that Steve has agreed to join our Board. He not only has an
extensive background in mining but also is very familiar with our
South Crofty tin project, which will be extremely valuable as we
look to advance our Cornish assets. His commitment to our Company
is testament to the potential he sees for Cornish Metals to be an
important supplier of some of the metals the UK needs in the push
to net-zero and electrification of the economy."
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Stephen Trelawney Gatley, aged 61:
Current directorships and/or Former directorships and/or partnerships
partnerships: (within the last five years):
Somincor S.A. Galmoy Mines Limited
Lundin Mining UK Limited
Lundin Mining Limited
Lundin Mining Exploration Limited
-----------------------------------------
There are no further disclosures required under Schedule 2(g) of
the AIM Rules for Companies. Mr. Gatley does not hold any shares in
the Company.
ABOUT CORNISH METALS
Cornish Metals completed the acquisition of the South Crofty tin
and United Downs copper / tin projects, plus additional mineral
rights located in Cornwall, UK, in July 2016 (see Company news
release dated July 12, 2016 ). The additional mineral rights cover
an area of approximately 15,000 hectares and are distributed
throughout Cornwall. Some of these mineral rights cover old mines
that were historically worked for copper, tin, zinc, and
tungsten.
For additional information please contact:
In North America:
Irene Dorsman at (604) 200 6664 or by e-mail at
irene@cornishmetals.com
SP Angel Corporate
Finance LLP
(Nominated Adviser
& Joint Broker) Tel: +44 203 470 0470
Richard Morrison
Charlie Bouverat
Grant Barker
Hannam & Partners
(Joint Broker) Tel: +44 207 907 8500
Matthew Hasson
Andrew Chubb
Ernest Bell
Blytheweigh
(Financial PR/IR-London) Tel: +44 207 138 3204
Tim Blythe tim.blythe@blytheweigh.com
Megan Ray megan.ray@blytheweigh.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution regarding forward looking statements
This news release contains "forward-looking statements".
Forward-looking statements, while based on management's best
estimates and assumptions at the time such statements are made, are
subject to risks and uncertainties that may cause actual results to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to receipt of regulatory approvals, risks related to
general economic and market conditions; risks related to the
COVID-19 global pandemic and any variants of COVID-19 which may
arise; risks related to the availability of financing; the timing
and content of upcoming work programs; actual results of proposed
exploration activities; possible variations in Mineral Resources or
grade; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes, title disputes, claims and
limitations on insurance coverage and other risks of the mining
industry; changes in national and local government regulation of
mining operations, tax rules and regulations.
Although Cornish Metals has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Cornish Metals undertakes no obligation or
responsibility to update forward-looking statements, except as
required by law.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
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