Company Moves Metals & Minerals News

Tungsten West co-founder-chairman Mark Thompson leaves

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 […]

Company Moves Metals & Minerals News

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 […]

Finance Metals & Minerals News

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 […]

Company Moves Metals & Minerals News

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 […]