Tungsten West plc said its recorded losses of nearly £5 million was in line with expectations for the current stage of the tin-tungsten project at Hemerdon Mine in Devon. FINANCES In its half-year results for the six months ended 30 September 2021, the company’s losses were £4,990,226 (2020: £3,631,500) with administrative expenses of £1,763,573 (2020: […]
Tag: tungsten
Tungsten West raises £18,544 via option exercise
Tungsten West plc raised £18,544.22 after receiving notices to exercise options to subscribe for 1,854,422 new ordinary shares of one penny each at an exercise price of one penny per ordinary share. Pursuant to the option exercise, Baker Steel Resources Trust Ltd will be issued with 1,657,196 new ordinary shares. This will increase Baker Steel’s […]
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
CRL identifies further high grade tin west of Redmoor
Strategic Minerals plc announced that its subsidiary Cornwall Resources Ltd has identified further significant high-grade tin in four pit samples west of its main Redmoor deposit. SAMPLES The company confirmed in-situ mineralisation in all four samples with at or near surface tin result in pit CRT04 peaking at 0.68% tin. A revised internally estimated project […]
Power Metal exercises option to acquire Pilot
Power Metal Resources plc has acquired the Pilot Mountain tungsten-copper-silver-zinc project in Nevada, United States. GOLDEN METAL The company’s subsidiary Golden Metal Resources Ltd signed the option at the end of August, adding the acquisition to its other projects of Garfield and Stonewall and the right to earn 100% of Golconda Summit. The deal sees Power […]
Tungsten West starts trading on AIM
Tungsten West plc today started trading as a public listed company on the London Stock Exchange AIM market for its tungsten-tin project at Hemerdon in Devon. FUNDING Admission follows the company’s £39 million fundraise from the offer of 65 million new shares at 60 pence per share. Tungsten West has also received £36m ($49m) from […]