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PDMR DEALING
23 October 2026
Cornish Metals plc (AIM: TIN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, makes the following announcement regarding the purchase of shares in the Company carried out by a PDMR of the Company. Following this purchase, Fawzi Hanano holds 180,000 shares representing 0.14% of the current share capital in the Company.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
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| 1 | Details of the | | | | | | | person | | | | | | | discharging | | | | | | | managerial | | | | | | | responsibilities | | | | | | | / person closely | | | | | | | associated | | | | |
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| a) | Name | Fawzi Hanano | | | | | | | | | | |
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| 2 | Reason for the | | | | | | | notification | | | | |
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| a) | Position/status | Chief Development | | | | | | | Officer | | | |
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| b) | Initial | Initial notification | | | | | | notification | | | | | | | /Amendment | | | | |
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| 3 | Details of the | | | | | | | issuer, emission | | | | | | | allowance market | | | | | | | participant, | | | | | | | auction | | | | | | | platform, | | | | | | | auctioneer or | | | | | | | auction monitor | | | | |
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| a) | Name | Cornish Metals plc | | | |
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| b) | LEI | 213800VU7WVFF4BJFY96 | | | |
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| 4 | Details of the | | | | | | | transaction(s): | | | | | | | section to be | | | | | | | repeated for (i) | | | | | | | each type of | | | | | | | instrument; (ii) | | | | | | | each type of | | | | | | | transaction; | | | | | | | (iii) each date; | | | | | | | and (iv) each | | | | | | | place where | | | | | | | transactions | | | | | | | have been | | | | | | | conducted | | | | |
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| a) | Description of | Ordinary shares | | | | | | the financial | | | | | | | instrument, type | | | | | | | of instrument | | | | |
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| | Identification | GB00BSLNG492 | | | | | | code | | | | |
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| b) | Nature of the | On-market share | | | | | | transaction | purchase | | | |
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| c) | Price(s) and | | | | | | | volume(s) | | | | |
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| | | | Price(s) | Volume(s) | | | | | | | | |
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| | | | 69.3 pence | 55,000 | | | | | | | | |
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| | | | | | | | | | | | | |
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| d) | Aggregated | | | | | | | information | | | | |
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| | - Aggregated | 55,000 | | | | | | volume | | | | |
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| | - Price | 69.3 pence | | | |
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| | | | | | | | | | | | | |
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| e) | Date of the | 22 October 2025 | | | | | | transaction | | | | |
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| f) | Place of the | London Stock | | | | | | transaction | Exchange, AIM Market | | | |
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ABOUT CORNISH METALS
Cornish Metals is a mineral exploration and development company that is advancing the South Crofty critical mineral project towards production. South
Crofty:
* is a historical underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations;
* is the highest grade known tin Mineral Resource not in production with significant near-mine and regional Mineral Resource potential;
* is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure;
* is expected to produce approximately 4,700 tonnes of tin-in-concentrate annually in the first five years of full production at lowest-quartile all-in sustaining costs over an initial 14-year mine life;
* will be a low environmental impact underground mine with zero surface
tailings;
* would be potentially the first primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia;
* benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate over 300 direct jobs;
* is an opportunity for a secure domestic supply of tin in the UK supporting a low carbon economy.
ENDS
Engage with us directly at our investor hub. Sign up at:
https://investors.cornishmetals.com/link/PdV8ae
For additional information please contact:
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| Cornish Metals | Fawzi Hanano | investors@cornishmetals.com | | | Emily Allhusen | info@cornishmetals.com |
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| | | Tel: +44 1209 715 777 | | | | |
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| SP Angel Corporate | Charlie Bouverat | Tel: +44 203 470 0470 | | Finance LLP | Adam Cowl | | | (Nominated Adviser) | Ewan Leggat | | | | | | | | | |
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| Berenberg | Jennifer Lee | Tel: +44 20 3753 3040 | | (Joint Broker) | Ivan Briechle | |
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| | | | | | | | | Peel Hunt | Ross Allister | Tel: +44 20 7418 8900 | | (Joint Broker) | David McKeown | |
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| BlytheRay | Tim Blythe | cornishmetals@blytheray.com | | (Financial PR) | Megan Ray | Tel: +44 207 138 3204 | | | Said Izagaren | |