Tungsten West Outlines Strategy to Restart Hemerdon Mine, Aiming to Supply 20% of Global Tungsten Outside China

PUBLISHED: 30 May 2025 @ 18:18 | Comments (0) | More info about Fiona Craig

Tungsten West Plc (LSE:TUN) has revealed a comprehensive plan to revive operations at the Hemerdon mine in Devon, targeting production that could account for roughly 20% of the world’s primary tungsten supply outside of China. The economic assessment highlights a strong internal rate of return and an attractive net present value, with mining activities anticipated to begin within 12 months once funding is secured.

The project places a strong emphasis on sustainability and stakeholder collaboration, aiming to minimize environmental impacts while upgrading processing facilities. Tungsten West is actively pursuing financing options, with plans to complete fundraising by the end of 2025. The initiative positions the company to help fill the Western world’s critical need for a stable tungsten supply.

Despite these promising plans, Tungsten West faces financial challenges, including negative income, cash flow difficulties, and high leverage ratios. Market indicators show mixed signals, with stock volatility but no clear momentum, and the company’s negative price-to-earnings ratio reflects valuation concerns. As such, the stock carries a high-risk profile with limited near-term upside.

About Tungsten West Plc

Tungsten West is a UK-based mining company focused on restarting the Hemerdon tungsten and tin mine. With full permits in place, the company seeks to establish itself as a key supplier in the global tungsten market, especially outside of China, leveraging the strategic importance of its resource base.

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