REG - Tungsten West PLC - Appointment of Chairman

Tungsten WestAnnouncement

04/12/2024 07:00

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RNS Number : 6787O  Tungsten West PLC  04 December 2024

4 December 2024

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

Appointment of Chairman

 

Tungsten West (LON:TUN), the mining company focused on restarting production
at the Hemerdon tungsten and tin mine in Devon, UK ("Hemerdon" or the
"Project"), is pleased to announce the appointment of Stephen Harrison as
Non-Executive Chairman of the Company. David Cather will continue to serve as
a Non-Executive Director of the Company.

 

Stephen is currently Chairman of Epwin Group plc, the AIM listed manufacturer
of energy efficient and low maintenance building products, and a non-executive
director at Castings plc, a leading iron casting and machining group. Until
May 2023, Stephen was Chief Executive Officer ("CEO") of Forterra plc, a
London Stock Exchange Main Market listed supplier of building materials to the
UK's construction sector. Stephen joined Hanson plc in 2002 and was appointed
Managing Director of Hanson Building Products, the predecessor to Forterra, in
2012. During his tenure, Stephen successfully steered Forterra through its
divestment from Heidelberg Materials in 2015 and led its IPO in 2016. Stephen
holds a degree in Economics and an MBA from Cranfield School of Management.

 

David Cather, Chairman of Tungsten West, said:

 

"On behalf of the Board, I am delighted to welcome Stephen as the Chairman of
Tungsten West. Stephen is a highly successful businessman whose skills and
experience will be invaluable to the Project at this crucial time. Following
Jeff Court's appointment as CEO in October, the Company now has a highly
experienced leadership team which is well placed to bring Hemerdon back into
production."

 

Jeff Court, CEO of Tungsten West, said:

 

"On behalf of the Company and its shareholders, I would like to thank David
for his tenure as Chairman. He has ably steered the Company through this
difficult period, such that it is well placed to restart mining in 2026. We
look forward to his continuing contribution as a non-executive director as we
complete our feasibility study and capital raise."

 

Stephen Harrison, incoming Chairman, said:

 

"I'm delighted to be joining the Board of Tungsten West at this exciting time,
and I look forward to helping progress Hemerdon towards the recommencement of
production to secure this vital supply of critical minerals in the UK.
Initially, I will support Jeff and the leadership team in optimising the
structure of the Company to ensure it is best placed to enter the important
next phase of its development."

 

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

Ends

 

For further information, please contact:

 

Enquiries

 Tungsten West                               Strand Hanson

 Jeff Court                                  (Nominated Adviser and Financial Adviser)

 Tel: +44 (0) 1752 278500                    James Spinney / James Dance / Abigail Wennington

                                             Tel: +44 (0) 207 409 3494
 BlytheRay

 (Financial PR)

 Tim Blythe / Megan Ray

 Tel: +44(0) 20 7138 3204

 Email:  tungstenwest@blytheray.com

 Hannam & Partners

 (Broker)

 Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44 (0)20 7907 8500

 

Follow us on X @TungstenWest

 

AIM Rules for Companies, Schedule 2(g) Disclosure

 

As required by Schedule 2(g) of the AIM Rules for Companies, the Company
confirms that Stephen Harrison, aged 56, is currently a director/partner, or
has been a director/partner in the past five years, of the companies listed
below:

 

  Current Directorships           Past Directorships (in the last five years)
 Castings Public Limited Company  Forterra plc
 Epwin Group plc                  Forterra Building Products Limited
                                  Bison Precast Limited
                                  Formpave Limited
                                  London Brick Company Limited
                                  Cradley Special Brick Company Limited
                                  Red Bank Limited
                                  Butterley Brick Limited
                                  Forterra Holdings Limited
                                  The Brick Development Association Limited
                                  Construction Products Association

 

Stephen has no direct or indirect interest in the Company's issued share
capital.

There is no further information to be disclosed in relation to Stephen
Harrison pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

 

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