Tungsten West plc has published a revised feasibility study to restart its Hemerdon tungsten-tin mine near Plympton, northeast of Plymouth in Devon. FUNDRAISING The FS includes the quantity of ore reserves within the open pit of 35.6 million tonnes of granite at an average grade of 0.18% tungsten trioxide and 0.03% tin, and 35Mt of […]
Tag: tin – tungsten Hemerdon mine – Devon
Tungsten West marks Hemerdon’s strategic status
Tungsten West plc’s Hemerdon tin-tungsten mine project has been selected as a ‘strategic project’ by the European Commission under the European Union’s Critical Raw Materials Act. FUNDING Located near the village of Plympton, seven miles northeast of Plymouth in Devon, the deposit is “world class” due its scale within an international context. Hemerdon contains measured […]
Tungsten West unveils plan to restart Hemerdon
Tungsten West plc has unveiled its new development and economic plan for Hemerdon mine, forecast to produce “around 20% of global supply of primary tungsten” outside China. MINE LIFE The tin-tungsten project in Plympton near Plymouth in Devon is construction-ready and fully permitted with “world-class tungsten resource”, “significant tin” and “premium aggregate co-products”. Hemerdon has […]
Tungsten West draws £900,000 via CLNs
Tungsten West plc has received £900,000 after meeting the conditions of the amended convertible loan notes terms announced in January this year. FEASIBILITY STUDY Proceeds of the tranche G CLNs will be used to continue work on studies to build a “robust” plan and economic model, most of which is complete. The company will publish […]
Tungsten West raises £2.8m via CLNs
Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
Tungsten West appoints Stephen Harrison as chairman
Tungsten West plc has appointed Stephen Harrison as its new non-executive chairman. He replaces David Cather who continues in his role of non-executive director of the company. Mr Harrison is currently chairman of building products manufacturer Epwin Group plc and a non-executive director of iron casting and machining group Castings plc. Until May 2023, he was chief […]