Tungsten West plc has granted an aggregate 6,494,685 options over ordinary shares, of one pence each, to its senior management under the company’s long-term incentive plan.
Chief operating officer Ronald Day received five million options, while other senior managers were separately granted options over 1,494,685 shares.
Tungsten West’s shareholders approved the grant at a general meeting in January 2026, followed by further share authority resolutions approved at the general meeting in February 2026.
The awards are subject to performance conditions such as key commercial production and/or operational progress.
Tungsten West is nearing the restart of production, scheduled for the third quarter of 2026, at its Hemerdon tungsten-tin mine in Devon.
