REG - Tungsten West PLC - Receipt of Draft Permit for MPF

Tungsten WestAnnouncement

05/02/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240205:nRSE9466Ba&default-theme=true

RNS Number : 9466B  Tungsten West PLC  05 February 2024

5 February 2024

 

Tungsten West Plc

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

Receipt of Draft Permit for Mineral Processing Facility

 

Tungsten West, the owner and operator of the Hemerdon tungsten and tin mine
(the "Project" or "Hemerdon") in Southwest England, is pleased to announce
that it has received a draft permit from the Environment Agency for the
operation of the Mineral Processing Facility ("MPF") at Hemerdon.

The draft permit is currently undergoing internal review to ensure all aspects
are aligned with the operational requirements of the MPF. Following this
review by the Company and the finalisation of the documentation, a public
consultation will be held where the Environment Agency will identify that they
are 'minded to' grant this permit. This is the final step before the
Environment Agency can issue the permit.  Throughout the consultation period,
Tungsten West will remain committed to engaging with the Environment Agency
and relevant stakeholders.

The receipt of the draft permit represents a significant step in securing
further financing for the Project and is the gateway for commencement of the
updated Feasibility Study, which the Company anticipates will then lead into
the main financing round.

 

Neil Gawthorpe, CEO of Tungsten West, commented:

"I am delighted to confirm receipt of the draft permit for the MPF, which
represents a major step-forward in our goal of bringing Hemerdon back into
production by the end of 2025, providing an ethical and sustainable domestic
supply of critical minerals.

I would like to thank the team at the Environment Agency for working closely
with the Company and its consultants throughout 2023 to deliver this draft,
and we look forward to progressing this process timeously through to a
permit."

ENDS

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. 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

 (Financial PR)                         Hannam & Partners

 Tim Blythe / Megan Ray                 (Joint Broker)

 Tel: +44 (0) 20 7138 3204              Andrew Chubb / Matt Hasson / Jay Ashfield

 Email:  tungstenwest@blytheray.com     Tel: +44 (0) 20 7907 8500

Follow us on X @TungstenWest

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUPUACPUPCPPC