REG - Tungsten West PLC - Directorate and Management Change

Tungsten WestAnnouncement

16/08/2023 07:00

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RNS Number : 4285J  Tungsten West PLC  16 August 2023

16 August 2023

Tungsten West Plc

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

 

Directorate and Management Change

 

Tungsten West (LON:TUN), the mining company focused on restarting production
at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon,
UK, today announces that Nigel Widdowson has stepped down as a Director of the
Company, with immediate effect.

 

Further to this, Nigel has also resigned from his role as Chief Financial
Officer of the Company.

 

The Company has commenced a search and selection process to identify Nigel's
replacement and Nigel has agreed to remain in his operating role as CFO for
the duration of his notice period, to focus on ongoing funding and project
financing activities, and to ensure a smooth transition for the incoming CFO
when appointed.

 

David Cather, Chairman of Tungsten West, commented: "On behalf of the Board, I
would like to thank Nigel for his outstanding work over the last two years,
guiding us through the IPO and subsequent restructuring and refinancing
processes, and supporting the team as we continue towards the recommencement
of operations at Hemerdon."

 

Neil Gawthorpe, CEO of Tungsten West, commented: "Whilst we are disappointed
to be losing someone with Nigel's capabilities and experience, we are pleased
that he has agreed to remain fully engaged to assist in the Company's
permitting and funding activities during this transitional period."

 

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

 Neil Gawthorpe                              (Nominated Adviser and Financial Adviser)

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

                                             Tel: +44 (0) 207 409 3494
 BlytheRay                                   VSA Capital Limited

 (Financial PR)                              (Financial Adviser and Joint Broker)

 Tim Blythe / Megan Ray                      Andrew Raca / Andrew Monk

 Tel: +44(0) 20 7138 3204                    Tel: +44 (0)20 3005 5000

 Email:  tungstenwest@blytheray.com

 Hannam & Partners

 (Joint Broker)

 Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44 (0)20 7907 8500

 

Follow us on twitter @TungstenWest

 

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