Results of Special Meeting of Shareholders

Executive Summary

• Shareholders approved the court‑sanctioned plan of arrangement to re‑domicile Cornish Metals from Canada to the United Kingdom with 99.9%+ support.
• The Arrangement will exchange 10 Cornish Canada Shares for 1 newly issued Cornish UK Share, subject to rounding down, and is expected to close around December 16, 2025 pending court and TSXV approvals.
• Upon completion, Cornish Canada Shares will be delisted and trading of Cornish UK Shares on AIM is slated to begin around December 18, 2025.

Key Details

• Meeting Approval: Special shareholders’ meeting held Dec 3, 2025; special resolution passed with 99.95% (shareholders), 99.91% (option and performance share holders) approval.
• Arrangement Mechanics: One (1) Cornish UK Share issued for every ten (10) Cornish Canada Shares held; allocations rounded down to the nearest whole share (zero if fewer than ten shares).
• Court Process: Interim Order already obtained; final order application scheduled for Dec 11, 2025 (or as directed by the Ontario Superior Court of Justice).
• Expected Timeline (subject to customary closing conditions):
• Dec 11 – Final court hearing.
• Dec 16 – Effective date of Arrangement; delisting of Cornish Canada Shares on TSXV; last trading day on AIM.
• Dec 17 – Suspension of Cornish Canada Shares on AIM.
• Dec 18 – Cancellation of Cornish Canada Shares trading; admission and commencement of trading for Cornish UK Shares on AIM (08:00 a.m. London time).
• Post‑Closing Actions: CREST accounts to be credited by Dec 18; definitive share certificates dispatched within ten business days of admission.
• Share Identifiers for Cornish UK Shares: ISIN GB00BSLNG492, SEDOL BSLNG49, AIM TIDM (TIN).
• Regulatory Conditions: Closing contingent on receipt of the Final Court Order and TSXV approval; any timetable changes will be announced via the company’s website.

Notable Quotes

“The successful approval of the Arrangement marks a pivotal step in aligning our corporate structure with the strategic focus on advancing the South Crofty tin project under Cornish UK.” – Don Turvey, CEO and Director, Cornish Metals.