Tungsten West plc is in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from Orion Resource Partners for the Hemerdon tin-tungsten mine in Devon. FINANCES In its audited results for the year ended 31 March 2022, the company said that the agreed financing package through a royalty […]
Tag: Orion Resource Partners
Tungsten West starts trading on AIM
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 […]
Dalradian meets businesses as mine plans attract opposition
Dalradian Gold has held several meet-the-buyer events on opportunities at the proposed £750 million gold-silver-copper mine in County Tyrone, Northern Ireland. PROTEST The American company, backed by Orion Resource Partners, said that in recent months approximately 100 businesses had attended information sessions. The mine plans, which have attracted more than 40,000 representations, are subject to […]
Dalradian faces public inquiry over £750m mine plans
Dalradian Gold will undergo a public inquiry over its proposals to open a £750 million gold-silver-copper mine in Curraghinalt, County Tyrone. SCRUTINY Backed by investor Orion Resource Partners, the American company aims to extract 3.5m oz of gold deposit, 15,000 tonnes of copper and 850,000 oz of silver deposit from the site. Dalradian applied for […]