09:42 AM EDT, 07/11/2024 (MT Newswires) -- Cornish Metals ( SBWFF ) , trading at 52 week lows, on Thursday said it has begun the second phase of shaft refurbishment at its South Crofty tin project in Cornwall, England.

Vancouver-based Cornish also said it had received the initial payment for the sale of the Nickel King asset in the Northwest Territories to Northera Resources. The sale was announced on June 17.

The company said it is progressing in discussions for the sale of other non-core assets located outside of the UK.

A permanent chief executive officer appointment is expected by the end of September.

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