Tungsten West is in the "advanced stages" of preparing its initial public offering in London's AIM market, with production at the Hemerdon mine to start next year.
The UK-based tin and tungsten mining company acquired the Hemerdon mine, located in the south west of England, in 2019. The mine has a projected output of 3,800 tonnes per year of contained tungsten and 500 tpy of contained tin, and should reach full capacity by the end of 2022, the company said. "We're very excited to see it all going to the next level, which is the financing, rebuild and restart of a globally significant project in our backyard. I think it's something that Brits can be incredibly proud of," chief executive officer Max Denning told Fastmarkets on June...