Short-Term Loan Repayment

Summary by AI BETAClose X

Tungsten West Plc has announced the full repayment of its Short-Term Loan Facility, which was originally announced on May 21, 2026. This repayment was made possible following the Company's fundraising announcement from the National Wealth Fund (NWF) on August 25, 2026. Consequently, the debt facility provided by the NWF has now become effective, signifying a positive step in the Group's financial restructuring and the restart of production at the Hemerdon tungsten and tin mine.

Disclaimer*

Tungsten West PLC
28 August 2026
 

28 August 2026

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

Short-Term Loan Repayment

 

Tungsten West (AIM:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon, UK, is pleased to announce that, further to the Company's announcement of the National Wealth Fund ("NWF") fundraising on 25 August 2026, the Company has repaid in full the Short-Term Loan Facility announced on 21 May 2026. Following this repayment, the debt facility provided by the NWF has become effective.

All defined terms used in this announcement shall have the same meaning as in the Company's announcements on 21 May 2026 and 25 August 2026 unless otherwise defined herein.

 

Ends

 

For further information, please contact:

 

Tungsten West

Jeff Court, Chief Executive Officer

Phil Povey, Chief Financial Officer

Tel: +44 (0) 1752 278500

 

Strand Hanson Limited

(Nominated Adviser and Financial Adviser)

James Spinney / James Dance / Abigail Wennington

Tel: +44 (0) 207 409 3494

 

BlytheRay

(Financial PR)

Megan Ray / Rachael Brooks

Tel: +44(0) 20 7138 3204

Email:  tungstenwest@blytheray.com

 

 

Hannam & Partners

(Broker)

Andrew Chubb / Matt Hasson / Jay Ashfield

Tel: +44 (0)20 7907 8500

 

 

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