Cornish Metals Inc. Secures £4.2M Grant for South Crofty Tin Project Development
- Cornish Metals Inc. received a £4,190,500 grant for the South Crofty tin project's Bartles Foundry development.
- The funding covers 62% of the £6.8 million project cost, essential for infrastructure construction.
- The project aims to create jobs and enhance Cornwall's economy while supporting domestic mineral resource demand.
Cornish Metals Secures Significant Grant for South Crofty Tin Project Development
Cornish Metals Inc. announces a major boost for its South Crofty tin project located in Cornwall, UK, as it receives grant funding of up to £4,190,500 from the Cornwall and Isles of Scilly Good Growth Programme. This funding, which constitutes approximately 62% of the estimated £6.8 million total cost for the Bartles Foundry project, is pivotal for the construction of vital infrastructure, including workshops, stores, and offices. These facilities are essential for transitioning the South Crofty site into a production phase, which is central to the company's operational strategy.
The project gains momentum following a 2024 study funded by the UK Shared Prosperity Fund that confirmed the site’s suitability for development. CEO Don Turvey expresses appreciation for local support, underscoring that the grant will catalyze the construction of the Bartles Foundry. This development is expected not only to facilitate the production of tin but also to generate local employment opportunities during both the construction phase and ongoing operations. The project aligns with broader objectives to enhance Cornwall's economic landscape while addressing the growing demand for domestic mineral resources.
Cornish Metals is dedicated to advancing the South Crofty project as it moves steadily towards production, a strategic priority for both the company and the local community. Cornwall Council’s Cabinet Member for Economic Regeneration, Cllr Tim Dwelly, emphasizes that this initiative is crucial for strengthening the domestic supply of essential minerals. Conditional planning approval for the Bartles Foundry development was granted in January 2025, marking a significant milestone in the project's timeline and affirming the local government's commitment to fostering economic growth through sustainable mining practices.
In addition to the critical funding, the project is set to play a vital role in enhancing job prospects in the region. The infusion of investment through the Cornwall and Isles of Scilly Good Growth Programme is instrumental in realizing the potential of the South Crofty tin project, which is expected to contribute to the local economy and provide high-quality employment opportunities. As Cornish Metals Inc. progresses with its plans, the collaborative efforts between the company and local authorities signal a promising future for mining in Cornwall.