CAPITAL MARKETS

UK tungsten miner to float on AIM

Tungsten West, a junior tungsten miner aiming to re-start the Hemerdon tungsten-tin mine in Devon, England, has said it plans to float on AIM later this month and is looking to raise £39 million in the process.

Tungsten West's Hemerdon mine in Devon, UK

Tungsten West's Hemerdon mine in Devon, UK

The company will issue 65 million shares at 60p, representing 36.7% of issued share capital. Admission is expected to take place on October 21 with a market cap of £106.2 million. It plans to use...

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