Mining News – Early January 2026
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The business planning to reopen the world’s second-largest tungsten mine today said it remained positive for the project’s long-term prospects despite repeating an earlier warning over funding uncertainties.
In comments attached to its financial results for the six months ended 30 September, Tungsten West said, as a going concern, there remained “material uncertainty regarding further funding”. This, it added, would have an impact on the group’s ability to continue as a going concern.
On 30 September, the group had £1m in cash reserves but that had fallen to £400,000 by 30 November, it said.
Sourced from TheBusinessDesk
