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An announcement from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West Plc has successfully secured a conditional £2.8 million through an additional tranche to its existing Convertible Loan Notes, aiming to use these funds for further studies and working capital. This financial move is set to aid in building a comprehensive economic model and prepare for a significant capital raise by Q2 2025, with the goal to restart tungsten and tin production by H2 2026, impacting the company’s operational timeline and future market positioning.
More about Tungsten West Plc
Tungsten West Plc is a mining company primarily focused on the production of tungsten and tin. The company is working on restarting operations at the Hemerdon mine in Devon, UK, positioning itself within the mining industry with a focus on these crucial metals.
YTD Price Performance: -13.33%
Average Trading Volume: 432,214
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.13M
For an in-depth examination of TUN stock, go to TipRanks’ Stock Analysis page.