Company Moves Metals & Minerals News

Tungsten West appoints NED David Cather as chairman

Tungsten West plc has appointed senior non-executive independent director David Cather as chairman of the board. Mr Cather, who replaces Robert Ashley, joined the company in September 2021. He was previously the chief executive officer of private institutional investment house Abu Dhabi Capital Group in the United Arab Emirates. Prior to this Mr Cather was […]

Finance Metals & Minerals News

Tungsten West remaining capex below forecast

Tungsten West plc said that the estimated remaining capital expenditure of £31.5 million was “significantly below” the previous forecast for restarting production at the Hemerdon tin-tungsten mine in Devon. BUDGET The company added that the figure, which excludes a 20% contingency of £6.3m, is less than that projected when the company paused the project in […]

Metals & Minerals News

Tungsten West grants 2.8m share options

Tungsten West plc has granted directors and employees a total of 2,799,982 options over ordinary shares of £0.01 each in the company. PDMRs Recipients include the chief financial officer, managing director, executive vice chairman and other employees pursuant to the company share option plan (2022 CSOP) and employee share option plan (2022 ESOP). The options […]

Finance Metals & Minerals News

Tungsten West needs further funds for revised mine plan

Tungsten West plc is in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from Orion Resource Partners for the Hemerdon tin-tungsten mine in Devon. FINANCES In its audited results for the year ended 31 March 2022, the company said that the agreed financing package through a royalty […]