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
ANOTHER SHAMBLES
BUT ROONEY INSISTS HE IS THE RIGHT MAN FOR THE JOB
Shocking Pilgrims humiliated by heavy defeat to Coventry
THERE was Boxing Day humiliation for bottom-of-the-table Plymouth Argyle as Coventry City thrashed them 4-0 to pile the pressure on Wayne Rooney.
Shopfitting B team get the better of clubmates
SHOPFITTING by SWS C welcomed the B side in Division One and both teams played some brilliant Table Tennis throughout the evening with the B team winning 8-2.
Barker is back with Gladiators in 2025
PLYMOUTH Gladiators promoter Mark Phillips said it was a \"no brainer\" to bring crowd favourite Ben Barker back to the Coliseum for 2025.
Spending wrangles in 2025 for Reeves
RACHEL Reeves will enter 2025 with the economy flatlining, inflation rising and a looming Whitehall spending review which experts warn will be \"difficult\".
Mild weather for Boxing Day swims
BOXING Day swimmers and walkers saw a grey and mild day with some drizzle in places, the Met Office said.
Concern continues to grow for missing man
POLICE in Scotland are increasingly concerned about a missing man from London who is thought to be in the Highlands.
Mourning crash victims
AZERBAIJAN observed a nationwide day of mourning on Thursday for the victims of a plane crash in which 38 people were killed and all 29 survivors injured as speculation mounted about the possible cause of the incident.
Ban for bee-killing pesticides planned
'EMERGENCY USE' AUTHORISED SINCE 2021
Centre's new winter campaign
DONATIONS TAKEN UNTIL JANUARY 10
