Mr. Don Turvey reports

CORNISH METALS HOSTS THE UK CHANCELLOR OF THE EXCHEQUER AT SOUTH CROFTY

On July 29, 2025, Cornish Metals Inc. hosted Rachel Reeves, MP, Chancellor of the Exchequer, at its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom.

This visit follows the U.K. government's 28.6-million-British-pound investment in Q1 2025 through the National Wealth Fund to support the reopening of South Crofty. The occasion marked the Chancellor's first visit to Cornwall since taking office and comes as part of the government's broader commitment to unlocking regional growth, with South Crofty highlighted as a flagship example of how investment in critical industries can support job creation and economic renewal.

During the visit, the Chancellor toured the:

• Water treatment plant, which included an overview of the treatment process;
• Winder house, where she received a briefing on the recently ordered production and service winders;
• Underground mine, including travelling through the New Cook's Kitchen shaft cage.

Don Turvey, chief executive officer and a director of Cornish Metals, stated: "We are honoured to have welcomed the Chancellor to South Crofty, where we showcased the significant progress we're making as we move toward production. The U.K. government's [28.6-million-British-pound] investment via the National Wealth Fund is a powerful vote of confidence in our project and the future of Cornwall's mining industry.

"Tin is a critical mineral for the clean energy transition, essential to electronics, electric vehicles and renewable infrastructure. By reviving domestic production at South Crofty, we're not only creating over 300 direct jobs but also supporting many more across local supply chains and regional businesses.

"Our focus remains on delivering long-term, sustainable value safely, responsibly and with deep roots in the community. We're proud to be playing a role in bringing responsible tin mining back to Cornwall and supporting economic renewal and industrial growth in the region."

We seek Safe Harbor.