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Tungsten West draws £900,000 via CLNs

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Tungsten West plc has received £900,000 after meeting the conditions of the amended convertible loan notes terms announced in January this year.

Financing: to accelerate operations towards the restart of production (Pixabay)

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 the full feasibility study, if needed, during this quarter ahead of a financing round in the second half of 2025.

Funds raised will enable Tungsten West to accelerate operations towards restarting tungsten and tin production during H2 2026 at the Hemerdon mine in Devon.

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