Cornish Metals Conditionally Raises GBP135 Million Via Share Placing, Subscription, Retail Offer

03:20 AM EDT, 10/22/2026 (MT Newswires) -- Cornish Metals (CUSN.L) conditionally raised 135 million pounds sterling, before expenses, through a placing, subscriptions and a retail offer. The mineral exploration and development company said Thursday that it conditionally issued 33,977,873 placing shares, 181,002,661 subscription shares and 10,019,466 retail offer shares. The fundraising remains subject to shareholder approval at a general meeting on Nov. 9. Trading in existing shares is expected to resume Thursday, while the new shares are expected to begin trading on London's AIM on or around Nov. 10. Peel Hunt and Berenberg acted as joint bookrunners, while SP Angel and Hannam & Partners served as placing agents in the placing.