SUCCESSFUL FUNDRAISE CLOSING SOON - PHASE 3 DRILLING PROGRAM SUCCESSFULLY COMPLETED AT TREGONNING SOUTH - TIN PRICE HAS HIT RECORD LEVELS OF OVER 50,000 $/t - LITHIUM PRICE HAS ALSO RISEN TO OVER 22,000 $/t
PHASE 3 DRILLING PROGRAM SUCCESSFULLY COMPLETED AT TREGONNING SOUTH
TIN PRICE HAS HIT RECORD LEVELS OF OVER 50,000 $/t LITHIUM PRICE HAS ALSO RISEN TO OVER 22,000 $/tCornish Tin Limited (“CTL”) is pleased to provide an update on progress. FUNDRAISING CLOSING SOONOur current private placing has been very successful and extremely well supported by both existing and new investors. Investments have varied between £5k up to £500k and each and every one of them has been greatly appreciated by us. As ever, we thank you all for your support. It is noticeable that interest is growing. However, this raise must close soon, with a deadline of 31 March 2026 for signing up. For further information contactcontact@cornishtin.uk (just put “information” in the subject line).Tax refunds for CTL investors - Enterprise Investment Scheme (EIS):
CTL is a Knowledge Intensive Company (KIC) as accredited by HMRC under EIS rules. CTL has over £16M now available for equity funding with EIS tax refunds and potential tax-free gains for UK investors. Recently announced changes by the UK Government will increase CTL’s EIS available amount by an extra £20M. SUCCESSFUL DRILLING CAMPAIGN CTL’s new extension area of Tregonning South has never before been explored by modern exploration methods. Our Phase 3 exploration drilling program, which started in September 2025, has now been successfully completed. Full assay results are expected by April 2026. Tin discoveries in Phase 3: CTL has intercepted a new, previously unexplored and clearly extensive tin mineralisation system at Tregonning South. This builds on the success of Phases 1 and 2 drilling at CTL’s Vor Project nearby: 28 high grade tin discoveries with 8 new tin lodes grading up to 6.28% tin. New hardrock lithium field: in Phase 3 CTL’s targets included lithium-enriched sheets within Tregonning South. We had already discovered these high grade lithium aplite-pegmatite sheets at Tregonning North. In Phase 3, we have demonstrated continuity of these sheets across ~3.3km. We now believe that this new lithium field in the rare G5 granite within our Project Areas, including sheets and bulk granite, has the potential to be the largest in Europe. ENVIRONMENTAL PROTECTIONCTL has in January 2026 signed the Tin Code ESG sustainability standard, independently assessed on an ongoing basis by the International Tin Association:
https://www.linkedin.com/feed/update/urn:li:activity:7424048603557539840 CTL has for the last four years been a sponsor of Kernow Conservation and we continue to support their valuable work of protecting the wildlife and natural environment of Cornwall, including participation by our geology team in their work:
https://www.linkedin.com/feed/update/urn:li:activity:7427720074070843392 CTL continues to implement our water sampling program: our geologists take up to 400 samples a year from local streams, which are analysed at our cost by a local laboratory. Since we began this program in April 2022, the data continues to show that our exploration work has no measurable impact on surface water. This is a key part of our commitment to the environment.
Sally Norcross-Webb, CEO and Founder, commented: “CTL continues to forge ahead to keep adding value for our shareholders, based on our high grade tin deposits and potentially the largest hard rock lithium field in Europe located within our Project Areas in Cornwall. Our mineral rights control now extends to over 14% of Cornwall. We believe that our high grades and potential tonnages will stand CTL in good stead in terms of global critical minerals demand going forward”.
Further information about CTL Board: CTL is a private company limited by shares registered in the UK under company number 10935627, incorporated in 2017. The Board comprises two directors, Sally Norcross-Webb (Founder and CEO) and Clive Newall (Chairman and co-founder).ON BEHALF OF THE BOARD OF DIRECTORS
Sally Norcross-Webb Founder and CEO Cornish Tin Limited
Forward looking statements This News Update contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”). Forward-looking statements include predictions, projections, outlook, guidance, estimates and forecasts and other statements regarding future plans, the realisation, cost, timing and extent of mineral resource or mineral reserve estimates, estimation of commodity prices, currency exchange rate fluctuations, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital, future or estimated mine life and other activities or achievements of CTL, including but not limited to: mineralisation in relation to CTL’s projects, CTL’s exploration drilling programs, strategic vision of CTL and the timing and results of its projects. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could”, “would” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements, other than statements of historical fact, included in this News Update are forward-looking statements that involve various risks and uncertainties and there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of current or future activities; actual results of exploration activities; possible variations in mineral resources or grades; projected dates to commence any activity; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. CTL’s forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although CTL has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward- looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. CTL does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law.
