Tungsten West plc has received notice to exercise ‘founder’ options over 1,657,196 new ordinary shares of £0.01 each in the capital of the company for £16,572. Granted in October 2021, the founder options are exercisable upon certain milestones achieved and in accordance with the company’s start of trading on AIM. Following admission, Tungsten West’s issued […]
Tag: Tungsten West plc
Tungsten West MPF public consultation extended
Tungsten West plc said that the public consultation had been extended regarding the mineral processing facility permit for Hemerdon in Devon. The Environment Agency granted the draft permit in February and began the consultation in the following month. The EA now plans to close the consultation on 30 May 2024.
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 […]
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 […]