Cornish Metals Issues Shares as Deferred Consideration for Cornwall Assets

VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (TSX-V/AIM: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on the South Crofty tin project in Cornwall, United Kingdom, reports that, further to the Company’s news release dated November 3, 2021, it has received TSX-V approval for the issuance of 20,298,333 common shares (“Milestone 1 Shares” or “Shares”) of the Company to Galena Special Situations Ltd (“Galena”) and Tin Shield Productions Inc (“Tin Shield”). This payment was triggered by the Company raising funding for the dewatering of South Crofty mine (see news release dated May 23, 2022).