TUNGSTEN WEST PLC

Transaction in Own Shares • Aug 16, 2023

National Storage Mechanism | Additional information

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 Neil Gawthorpe Tel: +44 (0) 1752 278500	Strand Hanson (Nominated Adviser and Financial Adviser) James Spinney / James Dance / Abigail Wennington Tel: +44 (0) 207 409 3494
BlytheRay (Financial PR) Tim Blythe / Megan Ray Tel: +44(0) 20 7138 3204 Email:  [email protected] Hannam & Partners (Joint Broker) Andrew Chubb / Matt Hasson / Jay Ashfield Tel: +44 (0)20 7907 8500	VSA Capital Limited (Financial Adviser and Joint Broker) Andrew Raca / Andrew Monk Tel: +44 (0)20 3005 5000

Follow us on twitter @TungstenWest

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