Tungsten West plc recorded a loss of £5.1 million and increased spending to £6.4m during the first half of 2022 at its Hemerdon tin-tungsten project near Plymouth in Devon. EXPECTATIONS The group’s H1 results for the six months ended 30 September 2022 were marked by the departure of co-founder and chief executive Max Denning and […]
Tag: Tungsten West plc
Tungsten West appoints Martin Wood as senior NED
Tungsten West plc has appointed Martin Wood to the board as a senior non-executive director. Mr Wood is the founder and managing director of Vicarage Capital Ltd, a full-service brokerage house for junior and mid-cap resource companies. He is also non-executive chairman of Altona Rare Earths Ltd where he helped to negotiate the acquisition of […]
Tungsten West appoints 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 […]
Tungsten West chairman Robert Ashley retires
Tungsten West plc chairman Robert Ashley has retired with immediate effect. He is replaced by David Cather. Mr Ashley joined the company in September 2021 and led it through its initial public offering. “On behalf of the board and the company, I would like to thank Rob for his considerable efforts in our journey to […]
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 […]
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 […]