Tungsten Mining NL Takes Full Control of Hatches Creek

Tungsten Mining NL (AU:TGN) has released an update.

Tungsten Mining NL is set to become the sole owner of the Hatches Creek Tungsten Project by acquiring the remaining 80% from GWR Group Ltd, positioning the company to capitalize on the strong tungsten market. The project, which shows potential for high-grade tungsten deposits, will see TGN issue 107.5 million shares to GWR Group, increasing GWR’s stake in TGN to just under 20%. The acquisition is poised to proceed following ministerial consent and the satisfaction of other customary conditions.

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