Global Trade Alert
Global Trade Alert

United Kingdom: National Wealth Fund commits up to GBP 35 million to Cornish Metals

Announcement

15 May 2026

In May 2026, the UK National Wealth Fund committed up to GBP 35 million as part of a shareholder loan to Cornish Metals to support the continued development of the South Crofty tin project in Cornwall.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

15 May 2026

Revocation date:

No revocation date

Updated: 25 May 2026
State loan In force

Recent update from 25 May 2026:

On 15 May 2026, the National Wealth Fund committed up to GBP 35 million (USD 47.2 million) to Cornish Metals, a UK-based mining company, as part of a shareholder loan of up to GBP 52 million provid...

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