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<title>Tungsten West Plc — News on 6ix</title>
<link>https://6ix.com/company/tungsten-west-plc</link>
<description>Latest news and press releases for Tungsten West Plc on 6ix.</description>
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<item>
<title>Q1 2026 Project Update</title>
<link>https://6ix.com/company/tungsten-west-plc/news/q1-2026-project-update</link>
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<pubDate>Wed, 08 Apr 2026 06:00:00 GMT</pubDate>
<description>Tungsten West Plc provided a Q1 2026 project update, targeting the first phase restart of fines gravity processing in Q3 2026 and full plant commissioning by Q1 2027, with market conditions significantly improving project economics. The company secured a £22.3 million mining equipment finance package and is in advanced due diligence for up to US$85.0 million in debt funding, including a US$25.0 million first tranche. As of March 31, 2026, unaudited cash reserves stood at £25.5 million, with £0.6</description>
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<title>Conversion of B Shares</title>
<link>https://6ix.com/company/tungsten-west-plc/news/conversion-of-b-shares</link>
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<pubDate>Mon, 23 Feb 2026 14:59:00 GMT</pubDate>
<description>Tungsten West Plc announced the partial conversion of B Shares into new Ordinary Shares, with Drakewood Capital Management Limited, Henry Maxey, and Lansdowne Partners (UK) LLP converting a total of 199,520,870 B Shares on a one-to-one basis. Following the expected admission of these new Ordinary Shares on 24 February 2026, the Company's issued ordinary share capital will comprise 1,074,741,101 Ordinary Shares, each with one voting right. The remaining unconverted B Shares will total 290,882,119</description>
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<title>TR-1: Notification of major holdings</title>
<link>https://6ix.com/company/tungsten-west-plc/news/tr-1-notification-of-major-holdings-21</link>
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<pubDate>Tue, 10 Feb 2026 10:12:00 GMT</pubDate>
<description>Drakewood Capital Management Limited has notified Tungsten West PLC of a change in its major holding, with its voting rights decreasing from 6.26% to 5.99% as of February 9, 2026. This change represents a total of 46,439,160 voting rights, with no voting rights held through financial instruments. The notification indicates that David Lilley holds 0.76% of voting rights and Drakewood Capital Management Limited holds 5.23% directly.
Disclaimer*</description>
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<title>Posting of Circular and Notice of General Meeting</title>
<link>https://6ix.com/company/tungsten-west-plc/news/posting-of-circular-and-notice-of-general-meeting-2</link>
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<pubDate>Mon, 09 Feb 2026 18:27:00 GMT</pubDate>
<description>Tungsten West Plc has posted a circular and notice of a General Meeting to be held on February 26, 2026, to seek shareholder approval for resolutions enabling directors to issue Second Tranche Placing Shares and Retail Offer Shares free of pre-emption rights. This follows a conditional fundraising of £43.04 million, comprising a subscription and placing, with £10.75 million raised through the placing at 18 pence per share, a premium to the 30-day VWAP but a discount to the recent market price. T</description>
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<title>Result of Retail Offer</title>
<link>https://6ix.com/company/tungsten-west-plc/news/result-of-retail-offer-7</link>
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<pubDate>Fri, 06 Feb 2026 07:55:00 GMT</pubDate>
<description>Tungsten West Plc has successfully completed its Retail Offer, raising approximately £3 million through the issuance of 16,666,666 new Ordinary Shares at 18 pence per share, which was substantially oversubscribed. The total fundraising, including the Placing and Subscription, has conditionally raised gross proceeds of approximately £44.37 million, requiring the issuance of 239,125,536 new Ordinary Shares. Admission of these new shares to AIM is expected on 27 February 2026, at which point the Co</description>
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<title>Result of Bookbuild and Subscription Raising</title>
<link>https://6ix.com/company/tungsten-west-plc/news/result-of-bookbuild-and-subscription-raising</link>
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<pubDate>Fri, 06 Feb 2026 07:15:00 GMT</pubDate>
<description>Tungsten West Plc has successfully raised gross proceeds of £41,369,718 through a bookbuild and subscription, placing 59,746,113 ordinary shares at £0.18 per share for £10,754,300 and an additional 162,712,757 shares for £29,288,296. This fundraising, which was oversubscribed by more than 2.5 times, represents approximately 17.6% of the company's issued share capital prior to the retail offer. Directors also participated, subscribing for 1,952,898 new ordinary shares, raising £351,522. Lansdowne</description>
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<title>Retail Offer by RetailBook</title>
<link>https://6ix.com/company/tungsten-west-plc/news/retail-offer-by-retailbook</link>
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<pubDate>Thu, 05 Feb 2026 07:01:00 GMT</pubDate>
<description>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 expec</description>
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<title>Subscription and Proposed Placing</title>
<link>https://6ix.com/company/tungsten-west-plc/news/subscription-and-proposed-placing</link>
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<pubDate>Thu, 05 Feb 2026 07:00:00 GMT</pubDate>
<description>Tungsten West Plc is undertaking a fundraise totaling up to £43.27 million through a £29.29 million direct subscription from an international investor and a placing and retail offer aiming for an additional £14.27 million. The issue price for new ordinary shares is £0.18, representing a premium to the 30-day VWAP but a discount to the recent closing price. The proceeds will be used for the 2025 Feasibility study, financing costs, repaying a £2 million bridge facility tranche, and accelerating pr</description>
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<title>Project Update</title>
<link>https://6ix.com/company/tungsten-west-plc/news/project-update-5</link>
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<pubDate>Mon, 02 Feb 2026 07:00:00 GMT</pubDate>
<description>Tungsten West Plc has provided a project update indicating significant progress in debt funding, with several potential lenders advancing to the term sheet stage, alongside advancements in long-lead equipment orders and detailed engineering. Favourable market conditions have dramatically improved project economics, with the forecast Net Present Value increasing from US$190 million to US$1.7 billion and the Internal Rate of Return rising from 29% to 197%, alongside a fourfold increase in near-ter</description>
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<title>Results of General Meeting</title>
<link>https://6ix.com/company/tungsten-west-plc/news/results-of-general-meeting-11</link>
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<pubDate>Fri, 30 Jan 2026 14:33:00 GMT</pubDate>
<description>Tungsten West Plc announced that all resolutions were passed at its General Meeting, allowing the company to proceed with the allotment and issue of B Shares and the implementation of its long-term incentive plan, as detailed in the circular published on January 14, 2026. This development is crucial for the company's efforts to restart production at the Hemerdon tungsten and tin mine.
Disclaimer*</description>
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<title>Replacement: TR-1: Notification of major holdings</title>
<link>https://6ix.com/company/tungsten-west-plc/news/replacement-tr-1-notification-of-major-holdings</link>
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<pubDate>Tue, 13 Jan 2026 08:45:00 GMT</pubDate>
<description>Tungsten West PLC has issued an amendment to a previous major holdings notification, correcting the total number of voting rights held by Mr N Reed to 28,066,382, representing 3.6% of the total voting rights, an increase from the previously stated 27,116,382 or 3.5%. This notification pertains to an acquisition or disposal of voting rights that occurred on January 6, 2026.
Disclaimer*</description>
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<title>Director Dealings</title>
<link>https://6ix.com/company/tungsten-west-plc/news/director-dealings-6</link>
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<pubDate>Wed, 07 Jan 2026 07:00:00 GMT</pubDate>
<description>Tungsten West plc announced that Non-Executive Director Richard Maxey acquired 366,210 ordinary shares at 3.00 pence per share, following the mandatory conversion of £10,986.30 of convertible loan notes, resulting in his beneficial holding of 366,210 shares, representing 0.05% of the company. This transaction also updates the Drakewood Concert Party's holdings, which collectively now represent 29.95% of the company's total voting rights after the issuance of 208,619,441 conversion shares.
</description>
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<title>Convertible Loan Note Conversion</title>
<link>https://6ix.com/company/tungsten-west-plc/news/convertible-loan-note-conversion</link>
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<pubDate>Fri, 02 Jan 2026 07:00:00 GMT</pubDate>
<description>Tungsten West Plc has completed a partial conversion of its 2023 Convertible Loan Notes, issuing 584,831,728 new ordinary shares at 3 pence per share. This conversion resulted in Lansdowne Partners and the Drakewood Concert Party each holding approximately 29.90% of the company's issued share capital, with 584,831,728 new shares admitted to trading on AIM on or around January 6, 2026. Following this, £12.9 million in Notes remain outstanding, which will accrue no further interest and be settled </description>
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<title>Results for the six months ended 30 September 2025</title>
<link>https://6ix.com/company/tungsten-west-plc/news/results-for-the-six-months-ended-30-september-2025-2</link>
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<pubDate>Wed, 24 Dec 2025 07:00:00 GMT</pubDate>
<description>Tungsten West PLC reported a loss for the six months ended 30 September 2025 of £40.4 million, significantly impacted by a £37.0 million non-cash fair value adjustment to convertible loan notes. The company raised £5.2 million through convertible loan notes and ended the period with £1.0 million in cash reserves, while the operating loss was £3.8 million. Despite these figures, an updated feasibility study showed strong economic returns, and market prices for tungsten and tin are currently well </description>
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<title>Exercise of Options & TVR</title>
<link>https://6ix.com/company/tungsten-west-plc/news/exercise-of-options-and-tvr-2</link>
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<pubDate>Tue, 23 Dec 2025 07:00:00 GMT</pubDate>
<description>Tungsten West Plc announced the exercise of founder options for 1,657,196 new ordinary shares, injecting £16,572 into the company for general working capital. Following this, the total issued share capital will comprise 190,388,503 ordinary shares, each with one voting right, and this figure will serve as the denominator for shareholders determining notification requirements under FCA rules.
Disclaimer*</description>
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<title>Bridge Loan, Project Financing & CLN Update</title>
<link>https://6ix.com/company/tungsten-west-plc/news/bridge-loan-project-financing-and-cln-update</link>
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<pubDate>Tue, 09 Dec 2025 07:00:00 GMT</pubDate>
<description>Tungsten West Plc has secured a £4.0 million bridge loan facility from existing investors and conditionally agreed to convert its 2023 Convertible Loan Notes, facilitating the advancement of its project financing. This move is supported by significantly improved project economics, with current tungsten prices exceeding US$760 per metric tonne unit, well above the US$400/mtu used in the Feasibility Study, due to global supply tightness and Chinese export restrictions. The company expects to compl</description>
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<title>Board Change</title>
<link>https://6ix.com/company/tungsten-west-plc/news/board-change-29</link>
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<pubDate>Fri, 05 Dec 2025 07:00:00 GMT</pubDate>
<description>Tungsten West Plc has appointed Phil Povey as its permanent Chief Financial Officer and an Executive Director, effective immediately. Povey, who previously served as Interim CFO and Head of Commercial & Corporate Development, brings over 18 years of international mining sector experience, including a role at Capital Limited where he helped build a division generating over $90 million in annual revenue. He currently holds convertible loan notes valued at approximately £110,000, which are converti</description>
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<title>EPC Agreement for New Build Construction</title>
<link>https://6ix.com/company/tungsten-west-plc/news/epc-agreement-for-new-build-construction</link>
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<pubDate>Wed, 26 Nov 2025 07:00:00 GMT</pubDate>
<description>Tungsten West Plc has signed a heads of terms agreement with Duo Group for the Engineering Procurement and Construction of a new crushing, screening, and ore sorter facility at its Hemerdon mine, a significant step towards restarting production. This agreement is contingent on final contract completion and project financing, with Metso set to supply the major equipment components. The company views this as a crucial milestone in its restart program, enabling work on long-lead time items for the </description>
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<title>Successful Processing Trial</title>
<link>https://6ix.com/company/tungsten-west-plc/news/successful-processing-trial</link>
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<pubDate>Fri, 07 Nov 2025 07:00:00 GMT</pubDate>
<description>Successful Processing Trial.</description>
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<title>Results of Annual General Meeting</title>
<link>https://6ix.com/company/tungsten-west-plc/news/results-of-annual-general-meeting-19</link>
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<pubDate>Mon, 29 Sep 2025 17:20:00 GMT</pubDate>
<description>Tungsten West PLC announced that all resolutions were duly passed at the Company's Annual General Meeting held on September 29, 2025. The mining company is focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK.
Disclaimer*</description>
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