Tungsten West plc said it would begin commissioning “phased production ramp-up” later this month at its Hemerdon tungsten-tin mine near Plympton in Devon. PROCESSING The company has also started greater engagement with stakeholders, including local community and regulators, to ensure they all know the nature of the commissioning. Recommissioning of the fines gravity circuit and […]
Tag: Tungsten West plc
Anglesey NEDs step down
Anglesey Mining plc non-executive directors Andrew King and Doug Hall have stepped down from board, with immediate effect. Their replacements to the board are independent NEDs Martin Wood and Taj Singh. Executive chairman Jim Williams said: “I would like to take this opportunity to thank both Andrew and Doug for their service to Anglesey and […]
Tungsten West secures $25m bridging loan facility
Tungsten West plc has agreed a US$25 million bridging loan facility with an entity controlled by its substantial shareholder Gregory Coffey, to progress the Hemerdon tungsten-tin mine project in Devon. CAPACITY The company also plans to “materially increase” production capacity, including “significant” additional capacity in the new build programme, “in response to recent market conditions”. […]
Tungsten West issues 199.5m new shares
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 […]
Tungsten West raises £44m to restart Hemerdon
Tungsten West plc has conditionally raised gross proceeds of approximately £44.37 million to restart production at its Hemerdon tungsten-tin mine in Devon. TVRs The fundraise, by way of subscriptions, a placing and a conditional retail offer, was for an aggregate 239,125,536 new ordinary shares. The main direct subscription for 162,712,757 new ordinary shares raised £29,288,296. […]
Tungsten West targets up to £43m fundraise
Tungsten West plc plans to raise £43 million comprising £29,288,296 via a direct subscription, up to £10,983,111 through a placing by way of an accelerated bookbuild, and a retail offer of up to £3 million. SHARES SALE The two-tranche fundraise for new ordinary shares of one pence each, is at a price of 18 pence […]