When does Tungsten West plan staged commissioning of its processing plant?

Tungsten West is a mineral exploration and development company focused on tungsten and tin projects in the United Kingdom and Europe. The company is advancing the Hemerdon project in Devon, England, one of Europe's largest primary tungsten deposits, positioning it to supply critical materials to European industrial and defense sectors. As an AIM-listed company, Tungsten West operates as a pre-revenue development-stage enterprise dependent on project financing and commodity price dynamics.

Sector: Mining & Metals
Market: AIM

Insight

What are the terms of Tungsten West's bridge facility?

Tungsten West has a binding US$25m, 366‑day bridge facility to fund restart works up to first‑phase fines gravity processing, with interest at SOFR +4.5% and a step‑up of 1% per quarter.

Updated 8 Jul 2026

Insight

When will Tungsten West begin commissioning its phased production ramp-up at the Hemerdon mine?

Tungsten West confirmed on 8 July 2026 that it will begin commissioning its phased production ramp-up at the Hemerdon tungsten‑tin mine later in July 2026.

Updated 8 Jul 2026

Insight

What larger financing did Tungsten West say was under negotiation for Hemerdon?

Tungsten West said a larger facility of up to US$85 million is being prepared with final-stage due diligence complete and definitive documents being prepared, with execution and close of the facility the next material milestone.

Updated 8 Jul 2026

Insight

Who provided the US$25m short‑term loan to Tungsten West?

Tungsten West entered a binding US$25m, 366‑day unsecured loan facility on 21 May 2026 with an entity controlled by Gregory Coffey.

Updated 8 Jul 2026

Insight

What rating did Zeus Capital give Tungsten West when it initiated coverage?

Zeus Capital initiated coverage of Tungsten West with a BUY recommendation.

Updated 10 Jun 2026

Identifiers

Ticker: TUN
Market: AIM
ISIN: GB00BP6QM557
LEI: 213800QNV72HX3JAFC56

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Timeline

Tungsten West to begin commissioning at Hemerdon mine later this month

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Tungsten West secures US$25m related‑party bridge to fund Hemerdon restart

Tungsten West hires Ron Day as COO, targets first-phase Hemerdon restart in Q3

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