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The National Wealth Fund announces the acquisition of a 28.50 percent equity interest in TSXV/AIM listed Cornish Metals

In March 2025, the National Wealth Fund, the sovereign wealth fund of the United Kingdom, completed the acquisition of 28.50 percent of the common shares of Cornish Metals Inc., a dual listed TSXV and AIM mineral exploration and development company owning the South Crofty underground tin mine located in Cornwall, UK, for consideration of approximately £28.5 million.

Fasken advised the National Wealth Fund with a team led by Jodi Katz and included Andrew House, Richard Steinberg, Steve Saville, Dani Bryant, Jordan Thompson, Martin Ferreira Pinho, Henry Gray, Robin Spillette, Stephen Vincelli, Sukhvir Gill, Andrea Chabot (Paralegal/Law Clerk), and Tracy Lowe (Paralegal).

Company

National Wealth Fund

Law Firm / Organization
Fasken Martineau DuMoulin LLP

Company

Cornish Metals Inc.

Law Firm / Organization
Cornish Metals Inc.
Merger & Acquisition
Mining
$ 52,166,657
Closed
01 March 2025