Tungsten West plc has partially converted B shares into 199,520,870 new ordinary shares, on a one-to-one basis, after receiving notices on 17 and 20 February 2026. TVRs Drakewood Capital Management Ltd gave notice to convert 60 million B shares into new ordinary shares. Henry Maxey also converted 60m B shares to Henry Maxey, while Lansdowne […]
Tag: Lansdowne Partners (UK) Ltd
Tungsten West issues 585m new shares
Tungsten West plc has issued 584,831,728 new ordinary shares to convert a portion of 2023 loan notes, amended in 2025, at a price of three pence per ordinary share of one pence each in the company. TVRs Following the conversion, a total of £12.9 million notes, including accrued interest, remain outstanding to 31 December 2025. […]
Tungsten West agrees £4m bridge loan
Tungsten West plc has arranged an unsecured £4 million bridge loan facility and conditionally agreed the full conversion of the 2023 convertible loan notes, with the same existing investors. PRODUCTION The agreement will advance of the “overall construction funding package” for the company’s Hemerdon tin-tungsten mine in Plympton, Devon. The bridge facility, which accrues 15% […]