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 […]
Tag: tin – tungsten Hemerdon mine – Devon
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 […]
Tungsten West raises £1.8m and mulls selling some assets
Tungsten West plc raised £1.8 million from the £6.95m convertible loan notes earlier this year for the Hemerdon mine in Devon as it considers selling some of its assets. PROGRESS The proceeds of tranche C will support progress of the permitting process, updating the feasibility study and associated financing. The company also expects to need […]
Tungsten West to cut workforce and hours
Tungsten West plc plans to reduce “staff costs” by a further 25% at Hemerdon mine to give priority to planning, permitting, environmental compliance and funding for the project. CREDITORS Chief executive Neil Gawthorpe said that the move to save costs had followed “some difficult decisions”. The reductions will be in the form of redundancies, reduced […]
Tungsten West applies for production permit
Tungsten West plc has submitted applications to produce tungsten and tin and to vary the tonnage cap on lorry movements at Hemerdon mine in Devon. NOISE The company said it completed low frequency noise (LFN) trials over two months before applying to the Environment Agency (EA) for a mineral processing facility permit. The EA’s decision […]