Tungsten West Plc (GB:TUN) has released an update.
Tungsten West Plc has announced the exercise of founder options resulting in the issuance of 1,657,196 new ordinary shares, providing an additional £16,572 in funding for general working capital purposes. The new shares will be admitted to trading on AIM around 22 May 2024, aligning with the company’s expansion of its total issued share capital to 188,731,307 ordinary shares. This financial maneuver is set to bolster Tungsten West’s efforts to restart production at the Hemerdon tungsten and tin mine in Devon, UK.
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