Cornish Metals PLC (TIN): Placing of 179% of the market value
This situation live
TIN Cornish Metals PLC
14 Oct 2026 · announced · +0% on the day · −41% until the next step
The Proposed Fundraise would supplement the Company's existing cash reserves and US$210 million raised through senior secured Nordic Bonds.
20 Oct 2026 · announced · -41% on the day · +17% until the next step
The Retail Offer is conditional on the other elements of the Fundraising, being the Placing and Subscriptions, also completing and the Fundraising conditionally raising, in aggregate, at least £135 mi
20 Oct 2026 · announced · -41% on the day · +17% until the next step
The Fundraising, together with the proceeds from the Nordic Bonds once capable of drawdown, positions Cornish Metals to develop its flagship tin project, South Crofty, to first production in mid-2028.
22 Oct 2026 · announced · +7% since
South Crofty is a world-class project, with the highest-grade tin of any asset not currently in production.
Placing of 179% of the market value
announced
RaisePlacing · approximately £135 million (before expenses)
Of market value179.3%
Discount41.2% to the last close
Reaction on the day−41%
As of 22 Oct 2026 ↗
Since Oct 2023: 301 situations of this kind – completed 77%, went quiet 23%; median share price -17% six months after they opened
Every step · 4
- 14 Oct 2026 announced · +0% on the day – The Proposed Fundraise would supplement the Company's existing cash reserves and US$210 million raised through senior secured Nordic Bonds. ↗
- 20 Oct 2026 announced · -41% on the day – The Retail Offer is conditional on the other elements of the Fundraising, being the Placing and Subscriptions, also completing and the Fundraising... ↗
- 20 Oct 2026 announced · -41% on the day – The Fundraising, together with the proceeds from the Nordic Bonds once capable of drawdown, positions Cornish Metals to develop its flagship tin project,... ↗
- 22 Oct 2026 announced – South Crofty is a world-class project, with the highest-grade tin of any asset not currently in production. ↗
What is happening
Cornish Metals PLC: Placing of 179% of the market value – announced. ['announced']
- In short
- Cornish Metals PLC is raising approximately £135 million (before expenses) by placing, 179.3% of its market value, at a 41.2% discount; the shares moved −41% on the day.
- Announced
- 14 Oct 2026 · announced · +0% on the day
- Latest
- 22 Oct 2026 · announced · -31% on the day
From the company's own announcements. Not investment advice.
Briefing Pro
New to Cornish Metals PLC? Get up to speed in 2 minutes.
What it does, how it got here, what management promised and delivered – written from its own announcements.
Get the TIN briefing →Also at Cornish Metals PLC 3 open
Insider conviction1 director buying – £38k in 1 buy
Project milestonesSouth Crofty development and financing – Fundraise fully subscribed; shareholder vote pending
Project milestonesRoskear West exploration drilling – Two-hole programme complete; final assays reported
Dilutive fundraisePlacing of 40% of the market value – completed · closed
Insider conviction2 directors buying – £89k in 2 buys · closed
Cornish Metals PLC – company page →