There had been fears the mine, at Hemerdon, might find itself unable to pay debts and therefore have to close if current investors fell shy of pumping in more cash.
But Tungsten West Plc, the mining company determined to restart production at the tungsten and tin resource near Plympton, has revealed it had raised £1.8m via convertible loan notes (CLNs), which are interest bearing loans convertible into shares. The cash injection will allow Tungsten West to continue with its plans to receive permits, update a feasibility study and attract more investment, with a view to having the mine in full production by 2025 and employing 300 people.
هذه القصة مأخوذة من طبعة December 20, 2023 من The Herald.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 20, 2023 من The Herald.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Sabine lands first RAF boxing title in nine years
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Perks off as Argyle are beaten by Robinesses
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