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

In March 2025, the National Wealth Fund, the sovereign wealth fund of the United Kingdom, completed the acquisition of 28.50% 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).