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Tungsten West Plc ( (GB:TUN) ) just unveiled an announcement.
Tungsten West has launched a conditional retail offer of new ordinary shares via platform provider RetailBook at 18 pence per share, a roughly 39% discount to its 4 February closing price, with a minimum subscription of £1,000 and a maximum aggregate raise of £3m. The retail offer, which runs alongside a placing to institutional investors and a direct subscription by an international investor, is contingent on shareholder approval and admission of the new shares to trading on AIM later in February, and forms part of a wider fundraising package that will be used, alongside debt, to complete the 2025 feasibility study, cover financing and transaction costs, repay a bridge facility and accelerate the restart of production at Hemerdon, including commissioning of the fines gravity circuit expected in Q3 2026, thereby broadening participation among retail investors while supporting the project’s development timetable.
The most recent analyst rating on (GB:TUN) stock is a Hold with a £26.00 price target. To see the full list of analyst forecasts on Tungsten West Plc stock, see the GB:TUN Stock Forecast page.
Spark’s Take on GB:TUN Stock
According to Spark, TipRanks’ AI Analyst, GB:TUN is a Neutral.
The score is primarily constrained by weak financial performance (ongoing losses, cash burn, and FY2025 move to negative equity with higher debt). Technicals are supportive due to a strong uptrend, but overbought indicators raise near-term risk. Valuation is unfavorable/opaque because the company is loss-making and no dividend support is indicated.
To see Spark’s full report on GB:TUN stock, click here.
More about Tungsten West Plc
Tungsten West plc is a UK-based mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon. The company, listed on AIM under the ticker TUN, is working to bring this strategic tungsten and tin asset back into production, serving industrial and technology markets that rely on these critical metals.
Average Trading Volume: 1,644,152
Technical Sentiment Signal: Buy
Current Market Cap: £231.8M
For a thorough assessment of TUN stock, go to TipRanks’ Stock Analysis page.