21st Oct 2021 15:45
Tungsten West PLC - owner and operator of Hemerdon tungsten and tin mine in Plymouth - Commences trading on London's AIM market, with Strand Hanson acting as nominated adviser while Hannam & Partners and VSA Capital will act as joint brokers.
Hargreaves Services PLC noted the admission.
"We are delighted to commence trading on AIM, following an extremely successful IPO and fundraise. Today marks a milestone for Tungsten West, as we move into the final stages of development of the Hemerdon mine and look ahead to restarting production," says Chief Executive Officer Max Denning.
"The Hemerdon mine is the third largest tungsten resource in the world and will be producing strategically important materials that are vital for the manufacturing of new technology, including those that will aid the UK in its net-zero goals. It is for this reason that the mine represents a hugely strategic project for the UK and the Western Hemisphere," Denning adds.
Current stock price: 62.00 pence, up 3.3% from IPO price of 60.00p
By Dayo Laniyan; [email protected]
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