**Summary**
Cornish Metals Inc. (AIM/TSXVCUSN) announced on December 15, 2025, that it has received final approval from the Ontario Superior Court of Justice for its plan to re-domicile to the United Kingdom through a statutory plan of arrangement. The arrangement involves transferring all outstanding common shares of Cornish Metals Inc. (Cornish Canada Shares) to Cornish Metals plc (Cornish UK) at a ratio of 1 Cornish UK Share for every 10 Cornish Canada Shares, rounded down. Shareholders holding fewer than 10 shares will receive zero Cornish UK Shares.
The transaction is expected to close on or around December 16, 2025, subject to customary closing conditions. Following completion, Cornish Canada Shares will be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer in applicable jurisdictions. Shareholders are required to submit a letter of transmittal and their share certificates to facilitate the exchange.
Cornish Metals is focused on advancing its South Crofty tin project in Cornwall, UK, which is permitted for underground mining and has the potential to become the first primary tin producer in Europe or North America. Tin is designated as a Critical Mineral by the UK, US, and Canadian governments due to its essential use in electronics and electrical infrastructure. The project benefits from existing infrastructure, strong local and government support, and could create over 300 direct jobs.
The announcement includes contact details for Cornish Metals and its advisors, as well as a cautionary note regarding forward-looking statements, highlighting risks associated with regulatory approvals, economic conditions, financing, and mining operations.