Tungsten West plc has raised £2.975 million by way of an additional tranche E to the existing 2023 convertible loan notes and tranche D CLN. FINANCING The amended and restated CLN to a tranche E is on substantially the same terms as tranches A, B, C and D and matures on 31 January 2025. Tungsten […]
Tag: tin – tungsten Hemerdon mine – Devon
Tungsten West secures MPF permit
Tungsten West plc has been granted a permit to operate its mineral processing facility at the Hemerdon tungsten and tin mine near Plympton in south Devon. FEASIBILITY STUDY The grant from the Environment Agency is the final the key permit required to progress the project. The company said it would focus on maximising tungsten and […]
Tungsten West CEO Neil Gawthorpe resigns
Tungsten West plc chief executive officer Neil Gawthorpe has resigned with immediate effect, after 15 months in the role. He remains a board director until finalisation of his settlement agreement. Chief financial officer Alistair Stobie will become interim CEO and join the board, subject to regulatory checks. Tungsten West said it had started the process […]
Tungsten West raises £1.6m via CLNs
Tungsten West plc raised £1.6 million by adding an additional tranche to the existing 2023 convertible loan notes. The company said that the CLN had been amended and restated to include a tranche D on substantially the same terms as the CLN tranches of A, B in May 2023 and C in December 2023. The […]
Public consultation begins on Hemerdon MPF permit
Tungsten West plc said that the Environment Agency has begun a six-week public consultation on the mineral processing facility permit for the Hemerdon tungsten mine in Devon. The exercise is the final step before the EA can issue the permit. In February, the company said that the EA would “identify that they are ‘minded to’ […]
Tungsten West receives MPF draft permit
Tungsten West plc has received a draft permit to operate the mineral processing facility at the Hemerdon tin-tungsten mine in Devon. FINANCING The company is reviewing the draft permit before documentations are finalised and a public consultation held where the Environment Agency will “identify that they are ‘minded to’ grant the permit”. Tungsten West said […]