Tungsten West scores $97M UK investment

Tungsten West scores $97M UK investment

The company announced it will restart tungsten and tin productions at Hemerdon by this year’s third quarter. The post Tungsten West scores $97M UK investment appeared first on The Northern Miner.

UK National Wealth Fund backs Hemerdon mine with up to £71 million

The National Wealth Fund has agreed terms for a proposed investment package of up to £71 million to help Tungsten West restart the Hemerdon tungsten and tin mine in Devon. The government-owned fund will invest £36 million in equity and provide a debt facility of up to £25 million. A further £10 million is described as a non-committed accordion facility, meaning it could expand the loan later but is not guaranteed funding today. The distinction m…

Tungsten West sees 20% surge from US$97M mine revival investment

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Morning briefing: National Wealth Fund invests in Baker Steel backed Tungsten West; plus Pantheon International

Tungsten West (TUN), the Devon-based tin and tungsten miner that has helped power the 108% one-year performance of Baker Steel Resources (BSRT), jumped another 18% yesterday after the National Wealth Fund invested £36m for a 7% stake and provided £25m in debt. BSRT rose 2.8%. Pantheon International (PIN), the £2bn private equity portfolio standing on […]