Business
Retail Offer by RetailBook
Tungsten West PLC has announced a conditional retail offer of new ordinary shares at 18 pence per share, representing a 39% discount to the previous day's closing mid-price, with a minimum subscription of £1,000 per investor. This offer, available through RetailBook's partner network, is conditional on shareholder approval and aims to raise funds for the 2025 Feasibility study, financing costs, bridge facility repayment, and accelerating production, with fines gravity circuit commissioning expected in Q3 2026. The retail offer is capped at £3 million and is expected to close on February 6, 2026. Disclaimer*
About this update from Tungsten West Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN ANY JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT\n \nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY RETAIL BOOK LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 994238). THIS FINANCIAL PROMOTION IS NOT INTENDED TO BE INVESTMENT ADVICE.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF TUNGSTEN WEST PLC.\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.\n \n05 February 2026\n \nTungsten West plc\n \n(\"Tungsten West\" or the \"Company\")\n \nRetail Offer by RetailBook\n \n· Tungsten West (LON: TUN) announces a conditional retail offer of new Ordinary Shares via RetailBook;\n· The Issue Price for the new Ordinary Shares is 18 pence per new Ordinary Share, representing a discount of approximately 39 per cent to the closing mid-price of the Company's existing Ordinary Shares on 4 February 2026;\n· Investors can take part through RetailBook's partner network of retail brokers, wealth managers and investment platforms, (subject to such partners' participation);\n· Applications for new Ordinary Shares through these partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts (\"GIAs\");\n· The Retail Offer is available to both existing shareholders and new investors;\n· There is a minimum subscription of ...