Tungsten West Plc (GB:TUN) has released an update.
Tungsten West Plc has successfully added a new tranche, raising £2.975 million, to its existing convertible loan notes to fund the completion of a feasibility study and pave the way for a financing round in early 2025. This strategic move aims to recommence tungsten and tin production at the Hemerdon mine in 2026. The company has already received most of the proceeds from this tranche and anticipates the balance shortly.
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