Tungsten West (AIM:TUN, “TW”) announced a US$25m short-term loan facility with an entity controlled by Gregory Coffey, providing funding for the first phase restart of fines gravity processing at Hemerdon. In our view, the facility derisks the restart timeline, bridging TW to first production ahead of completion of a larger ~US$85m debt package. Importantly, final-stage due diligence on the larger facility is now complete, and definitive documentation is being finalised. This package will in par ....
