Tungsten West plc has entered into a partnership with Oxford Sigma to explore options of using tungsten from Hemerdon mine in nuclear fusion energy. COMPONENTS The high melting point of tungsten makes it a key material in radiation shielding and plasma-facing components within fusion energy devices. The collaboration will involve securing the source of raw […]
Tag: Tungsten West plc
Tungsten West starts small-scale legacy production
Tungsten West plc has started small scale production of legacy tin and tungsten from its partially recommissioned mineral processing facility (MPF) at Hemerdon in Devon. LEGACY ASSETS REVENUE The material and a limited amount of residual material remaining in circuit, totalling just over 50 tonnes, was processed in the recommissioned dry section of the MPF’s […]
Tungsten West expects to cut jobs by 42%
Tungsten West plc said it expected to reduce its workforce by 42% as part of cost cutting measures at Hemerdon tin-tungsten mine in Devon. SAVINGS The company forecasts redundancies and resignations will meet the targets in its nearly completed cost reduction programme which began in April 2023. “Monthly recurring payroll costs are expected to reduce […]
Aggregates West appoints Neil Gawthorpe as a director
Aggregates West Ltd has appointed Neil Gawthorpe as a director effective on 23 May 2023. The chief executive officer of parent company Tungsten West plc has also been appointed a director at Tungsten West Services Ltd. On 6 May, co-founder and former Tungsten West executive chairman Mark Thompson resigned from Aggregates West and ceased to […]
Tungsten West starts open offer
Tungsten West plc has today started an open offer to raise up to £2 million for costs at the Hemerdon tin-tungsten mine in Devon. TRANCHES The open offer is at an issue price of 3 pence per new ordinary share, with up to 66,666,666 new ordinary shares offered to existing shareholders. The company also confirmed […]
Tungsten West co-founder leaves
Tungsten West plc’s executive vice chairman Mark Thompson has left the company, as previously intended. Mr Thompson established the company with former chief executive officer Max Denning who left the company last year. Non-executive chairman David Cather said: “Mark was one of the founding directors of Tungsten West and on behalf of the board and […]