Cornish Tin initiates new funding round via placing and Crowdcube

Cornish Tin is raising new money at 230p a share in its latest round of funding. 

The Cornish-focussed tin and lithium exploration company is using the Crowdcube crowdfunding platform to bring in retail and high net worth interest, and is also running a concurrent placing of shares.

Following a large number of early registrations, the company said that it’s expecting “a high level of response.”

Cornish Tin has been active in securing some of the prime exploration ground in Cornwall over the past few years. It now holds mineral rights over around 14% of Cornwall.

Furthermore, the company’s discovery of a new hardrock lithium field in the rare G5 Tregonning Granite has the potential to be among the largest in Europe, after the Tregonning South block was added to it in Februrary 2025.

In addition, Cornish Tin has also identified 28 high grade tin targets, eight new tin lodes with grades peaking at 6.28% tin, and a “Goldilocks Cluster” of mineralisation potentially three times the size of the Great Wheal Vor historic workings.

These were known in their day as the richest tin mines in the world, with historic production grades of around 3.5% tin, peaking at more than 5.5% tin. 

Interested investors should also note the company’s EIS status as a Knowledge Intensive Company, which means that UK-taxpaying investors can get a 30% income tax refund and the potential gain tax free under the terms of the scheme. 

Field research and geochemical analysis are already underway across Tregonning South, with exploration drilling planned.

View from Vox

This is likely to be a popular fundraise, as stories local to the UK always are with local investors. It’s arguable that the potential size of the lithium opportunity hasn’t yet been fully appreciated by the industry, but with new funds in place Cornish Tin ought to be able to produce results that are irrefutable. But that’s not the only reason these assets are attractive. As home-grown UK assts, they also have an economically strategic dimension, and it’s no surprise to see that Cornish Tin has been picking up strong support both from local and central government. So far, Cornish Tin hasn’t raised any money at a lower level than the price of the previous raise – this is an enviable track record, partly enabled by its status as a non-listed company. Further exploration success should help it maintain that track record going forward. 

Watch a recent interview with Cornish Tin CEO, Sally Norcross-Webb, published on the 23rd May