StocksMedium•21 October 2026•
1 min read
Cornish Metals Proposes £135M Capital Raise for South Crofty Mine with Glencore Support
Key Facts
1Cornish Metals proposed a £135 million capital raise to support its South Crofty tin project.
2The company secured an offtake agreement with Glencore as part of the funding plan.
Cornish Metals proposed a £135 million capital raise to support its South Crofty tin project. Benzinga reported that the company secured an offtake agreement with Glencore as part of the funding plan to advance the mine toward production.
The agreement provides commercial backing from Glencore to facilitate the project's development. Regarding related equity performance, GLNCY closed at $14.73 on October 20, 2026, having traded between a day low of $14.62 and a high of $14.98 during that session.