Tungsten West plc today started trading as a public listed company on the London Stock Exchange AIM market for its tungsten-tin project at Hemerdon in Devon. FUNDING Admission follows the company’s £39 million fundraise from the offer of 65 million new shares at 60 pence per share. Tungsten West has also received £36m ($49m) from […]
Tag: Devon
Tungsten West aims to start drilling and raise £5m
Tungsten West hopes to start drilling at its tin-tungsten mine in Devon next week as it looks to raise £5 million with a private placement. The mining company will also begin selling the 700,000 tonnes of aggregates already stockpiled on the surface within the next few weeks. The company is currently rebuilding the existing plant […]
Tungsten West to be one of the biggest producers outside China
Tungsten West Ltd will spend £30-40 million on reopening Drakelands / Hemerdon mine in Devon to become one of the biggest producers of tungsten concentrate outside China. The company is currently progressing with feasibility studies on tin-tungsten in the mine, also known as Hemerdon Mine, which is said to have the fourth largest reserves of […]