Tungsten West Plc (GB:TUN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Tungsten West Plc has announced positive audited financial results for the fiscal year ended March 31, 2024, including the strategic collaboration with Oxford Sigma and key appointments, signalling progress towards the reopening of the Hemerdon tungsten and tin mine. The company’s shares will resume trading following the report’s release, with crucial permits granted for their Mineral Processing Facility, marking a significant step in reviving operations anticipated for 2026. Despite limited cash reserves and dependence on forthcoming funding rounds, Tungsten West remains optimistic about securing the necessary capital to restart the Hemerdon project.
For further insights into GB:TUN stock, check out TipRanks’ Stock Analysis page.