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An announcement from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West shareholders have approved all resolutions at a general meeting, allowing the company to move ahead with the next phase of its equity raise to support the restart of the Hemerdon tungsten and tin mine in Devon. The vote clears the way for the allotment and issue of Second Tranche Placing and Subscription Shares, as well as Retail Offer Shares, underpinning the group’s financing efforts for its flagship project.
Admission has been granted for 139,125,536 new ordinary shares to begin trading on AIM on 27 February 2026, expanding Tungsten West’s ordinary share count to 1,213,866,637 alongside 290,882,119 B shares. The fully paid new shares will rank pari passu with existing ordinary stock, consolidating the company’s capital structure and providing a more substantial equity base for investors as it advances its mine redevelopment plans.
The most recent analyst rating on (GB:TUN) stock is a Hold with a £31.00 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 constrained primarily by weak financial performance (ongoing losses, zero FY2025 revenue, negative equity, and continued cash burn). Technicals are a meaningful offset, with the stock in a clear uptrend and positive momentum indicators. Valuation remains pressured by the company’s loss-making status and lack of dividend yield data.
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 group targets critical minerals used in industrial and technology applications, aiming to re-establish Hemerdon as a significant European source of tungsten and tin and strengthen its position within the speciality metals supply chain.
Average Trading Volume: 2,873,659
Technical Sentiment Signal: Buy
Current Market Cap: £343.9M
Learn more about TUN stock on TipRanks’ Stock Analysis page.