Tungsten West plc’s executive vice chairman Mark Thompson has left the company, as previously intended. Mr Thompson established the company with former chief executive officer Max Denning who left the company last year. Non-executive chairman David Cather said: “Mark was one of the founding directors of Tungsten West and on behalf of the board and […]
Tag: Tungsten West plc
Tungsten West managing director James McFarlane resigns
Tungsten West plc’s managing director James McFarlane has resigned with immediate effect to return to consultancy work. Mr McFarlane was formerly mining technical services manager at Hemerdon, under previous owners Wolf Minerals. He re-joined the operation for Tungsten West as technical and operations director before being promoted to managing director in February 2022. Mr McFarlane […]
Tungsten West raises £6.95m via CLNs
Tungsten West plc has raised £6.95 million from placing convertible loan notes (CLNs) as part of its fundraise of up to £9m for Hemerdon tin-tungsten mine in Devon. LIABILITIES The company said that the conditional placing with investors was oversubscribed. Tungsten West still has to hold an open offer to raise up to a further […]
Tungsten West to raise up to £9m as cost cutting starts
Tungsten West plc has started “major” cost cutting alongside up to a £9 million fundraise to meet “contractual liabilities” and pay for “significant annual expenditure” at its Hemerdon tin-tungsten mine in Devon. NEW DEBT The company aims to raise a minimum of £5m and up to £6.95m through a placing, not underwritten, of convertible loan […]
Tungsten West co-founder Mark Thomson to leave
Tungsten West plc’s co-founder Mark Thompson will step down from the board as executive vice chairman. Mr Thompson will leave his position on completion of a placing announced by the company today. Tungsten West added it was “well advanced” in identifying additional suitable industry experienced non-executive directors. The company’s other co-founder Max Denning left the […]
Tungsten West appoints CEO Neil Gawthorpe as director
Tungsten West plc has appointed its chief executive officer Neil Gawthorpe to the board as an executive director. The company first announced its intention to make the appointment when Mr Gawthorpe became CEO earlier in March.