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An update from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West Plc has announced its financial results for the year ended 31 March 2025, highlighting significant progress towards reopening the Hemerdon mine. The company has completed a Development and Economic Plan and a Feasibility Study, showcasing positive project restart economics, with an Internal Rate of Return of 29% and a Net Present Value of US$190 million. The project has been selected as a Strategic Project under the European Union’s Critical Raw Materials Act, and the company has received a non-binding Letter of Interest from the Export-Import Bank of the United States for potential financial support. The company has also raised additional funds through Convertible Loan Notes and received necessary permits to operate its Mineral Processing Facility. The appointment of new leadership and board members further strengthens the company’s position as it seeks to secure funding for the project’s restart.
Spark’s Take on GB:TUN Stock
According to Spark, TipRanks’ AI Analyst, GB:TUN is a Underperform.
Tungsten West Plc faces considerable financial instability, with negative income and cash flow issues, and high leverage. Technical indicators are mixed, showing volatility but no strong directional momentum. The negative P/E ratio reflects weak valuation fundamentals. Overall, the stock presents a high-risk profile with limited immediate upside potential.
To see Spark’s full report on GB:TUN stock, click here.
More about Tungsten West Plc
Tungsten West Plc is a mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK. The company operates in the mining industry, primarily dealing with tungsten and tin, and is committed to providing a secure tungsten supply chain to the UK and its allies.
Average Trading Volume: 1,421,648
Technical Sentiment Signal: Buy
Current Market Cap: £20.57M
Learn more about TUN stock on TipRanks’ Stock Analysis page.