Tungsten West (AIM:TUN, “TW”) has announced it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”) under its Supply Chain Resilience Initiative (“SCRI”). The LOI outlines EXIM’s capacity to provide up to US$95m in financing for the restart of the Hemerdon tungsten and tin project in Devon, with a maximum repayment term of 15 years. Although the LOI does not constitute a binding commitment, it signals wider interest in Hemerdon’s develop ....
