Directorate and Management Change
Tungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon, UK, today announces that Nigel Widdowson has stepped down as a Director of the Company, with immediate effect.
Further to this, Nigel has also resigned from his role as Chief Financial Officer of the Company.
The Company has commenced a search and selection process to identify Nigel's replacement and Nigel has agreed to remain in his operating role as CFO for the duration of his notice period, to focus on ongoing funding and project financing activities, and to ensure a smooth transition for the incoming CFO when appointed.
David Cather, Chairman of Tungsten West, commented: "On behalf of the Board, I would like to thank Nigel for his outstanding work over the last two years, guiding us through the IPO and subsequent restructuring and refinancing processes, and supporting the team as we continue towards the recommencement of operations at Hemerdon."
Neil Gawthorpe, CEO of Tungsten West, commented:
"Whilst we are disappointed to be losing someone with Nigel's capabilities and experience, we are pleased that he has agreed to remain fully engaged to assist in the Company's permitting and funding activities during this transitional period."
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.