TGN Expands Hold on Tungsten Project

GWR Group Limited (AU:GWR) has released an update.

Tungsten Mining NL (TGN) is set to fully acquire the Hatches Creek Tungsten Project by purchasing the remaining 80% stake from GWR Group Ltd, positioning TGN to capitalize on the robust tungsten market. The project shows promise with high-grade tungsten prospects and the possibility for significant resource expansion due to the area being largely unexplored. The acquisition, which is contingent on Ministerial consent, will be paid in shares, giving GWR Group a 19.86% voting power in TGN without requiring shareholder approval.

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