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Tungsten West aims to restart production at the Hemerdon tungsten and tin mine in Devon, targeting tungsten concentrate output within 12 months, contingent on securing funding. The company reported progress in project financing, reaching 'term sheet stage' with potential lenders and advancing refurbishment efforts.

The Updated Feasibility Study released in August 2025 highlighted improved financial returns and access to high-quality ore. Since this study, tungsten prices have risen over 200% and tin prices over 70%.

The Hemerdon mine, one of the largest tungsten resources globally, could supply 20% of the primary tungsten outside China once operational. Tungsten West acquired the site in 2019 after the previous operator's collapse. The company plans to provide further updates before the end of Q1 2026.