Tungsten West Advances Hemerdon Mine Project Amid Soaring Tungsten and Tin Prices

Tungsten West aims to commence Phase 1 production at the Hemerdon tungsten and tin mine in the UK by the third quarter of 2026. The company is advancing a debt funding package of $85 million, currently in final due diligence, and has completed a £22.3 million finance package for mining equipment with Komatsu.

CEO Jeff Court noted that the project is progressing well, with commissioning of new crushing, screening, and ore sorting facilities expected in Q1 2027. Additionally, tungsten prices have surged to $2,999 per ton, and tin prices to over $46,000 per ton, enhancing project economics. The company remains focused on a swift restart of production, given the favorable market conditions.