Cornish Metals Secures £4.19M Grant for Advancing South Crofty Tin Project in Cornwall
- Cornish Metals Inc. secured a GBP 4.19 million grant for the South Crofty tin project, covering 62% of costs.
- The funding will aid in constructing essential facilities, advancing South Crofty towards production readiness and local job creation.
- South Crofty, a high-grade tin mine, is set to create up to 320 jobs, supporting the UK's mineral supply chain.
Cornish Metals Secures Significant Grant for South Crofty Tin Project
Cornish Metals Inc. announces a substantial grant funding acquisition of up to GBP 4,190,500 for its South Crofty tin project located in Cornwall, UK. This funding is sourced from the Cornwall and Isles of Scilly Good Growth Programme and represents approximately 62% of the estimated total cost of GBP 6.8 million for the Bartles Foundry project. The funds will facilitate the construction of vital workshops, storage facilities, and offices that are crucial for advancing South Crofty towards production readiness. This initiative not only underscores the commitment to reviving Cornwall's mining heritage but also positions Cornish Metals to contribute significantly to the local economy and the UK's mineral supply chain.
The grant also supports the previously announced acquisition of 4.5 acres of land from Cornwall Council, essential for the development of the Bartles Foundry project. Conditional planning approval for the project was granted in January 2025, following a favorable assessment in 2024 that confirmed the site’s viability for development. CEO Don Turvey expresses gratitude for the local support and highlights that this funding will enhance both the construction and operational phases of the project, ultimately leading to increased local employment opportunities. The successful execution of this project is seen as a critical step in revitalizing the region's economy through sustainable mining practices.
Cornish Metals' South Crofty project holds historical significance as a high-grade underground tin mine, permitted to continue underground mining operations until 2071. The existing infrastructure, including multiple shafts, positions the company favorably for future operations while anticipating the potential creation of up to 320 direct jobs. With tin classified as a critical mineral by the UK, US, and Canadian governments, the project is timely and crucial. Cllr Tim Dwelly from Cornwall Council emphasizes the importance of South Crofty in generating high-quality jobs and securing the UK’s supply of essential minerals, particularly tin, vital for modern electronic devices.
In addition to the funding news, Cornish Metals continues to drive local engagement, ensuring that the community is informed and involved in the project's development. The company's commitment to sustainable practices and local job creation is expected to foster a positive relationship with Cornwall residents. As the global demand for tin rises, particularly in technology sectors, Cornish Metals is well-positioned to play a pivotal role in the supply chain while supporting regional economic growth.
