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Tungsten West Plc is an LSE AIM listed UK based company focussed on recommencing production at the Hemerdon tungsten and tin mine in Devon, England.

The Hemerdon mine is the world’s third largest Tungsten resource and has had over £170m spent on it via the previous operator. The Company is focused on rebuilding and restarting the mine to supply two critically important strategic minerals in tungsten and tin both domestically and globally.

In addition to the production of these mineral concentrates, Tungsten West will produce aggregates as a by-product of the new processing route to be installed at site.

Placing, Subscription and Retail Offer

The Company announced on 6^th February 2026 that it had conditionally raised £41.37 million through the proposed issue of the Fundraising Shares, comprising the Subscription and Placing which was more than 2.5 times oversubscribed. The Company then further announced that it has conditionally raised an additional £3 million via the Retail Offer.

Having helped Tungsten West with its admission document when it floated on AIM in October 2021, the Perivan shareholder communications team was delighted to work with Strand Hanson who acted as Nominated Adviser on this next stage of their corporate journey on the production of the documentation which was successfully posted to qualifying shareholders on 9^th February 2026.

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader in the production of documentation relating to corporate finance transactions.