GRANT OF AWARDS UNDER LONG TERM INCENTIVE PLAN AND PDMR SHAREHOLDINGS

Cornish Metals granted nominal-cost options at 0.05p on 29 October 2026 over up to 2,199,599 shares (VWAP used 69p), bringing total unvested LTIP awards to 3,199,290 shares (≈2.55% of issued share capital) and leaving 1,616,668 outstanding legacy options (≈1.29%); PDMRs received 1,146,812 awards (CEO 452,174; CFO 248,696; CDO 243,043; MD 202,899). Vesting is conditional on KPI/ESG/project-financing milestones (50% weighting) and 3-year relative TSR to 31 December 2028 (50% weighting), awards expire in 10 years and include malus and clawback provisions.