![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tungsten West Plc | LSE:TUN | London | Ordinary Share | GB00BP6QM557 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.25 | 5.00 | 5.50 | 5.25 | 5.25 | 5.25 | 4,482 | 08:00:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 626k | -10.29M | -0.0550 | -0.95 | 9.82M |
TIDMTUN
RNS Number : 0209T
Tungsten West PLC
10 November 2023
10 November 2023
Tungsten West Plc
("Tungsten West", the "Company" or the "Group")
Appointment of Chief Financial Officer
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, is pleased to announce the appointment of Mr. Alistair Stobie as the Company's Chief Financial Officer ("CFO") effective Monday 13 November 2023.
Mr. Stobie has a strong track record of leading the finance function of AIM-listed businesses within the energy and natural resources sector. Throughout his career , he has combined his strategic and operational skills to a high level while working and fundraising significant capital within various markets .
Mr. Stobie was previously CFO at Hurricane Energy, which raised c.$700 million to fund drilling campaigns and an Early Production System during his tenure. In this role, he built the finance, legal, commercial, and investor relations teams, which all reported to him. He also introduced new systems and processes, modernising and driving efficiencies across business operations. Following this role, he held the position of CFO at Octavia Energy, an international oil and gas business operating in North Africa and the Middle East.
Earlier in his career, Mr. Stobie was Finance Director at Zoltav Resources, where he sourced and acquired two assets for $230 million total capital, including a $180 million gas production business, and was able to fundraise $40 million in capital and $80 million in debt refinancing. He was also a Founding Partner of Baring Vostok Capital Partners in Moscow, Russia and worked for a number of venture capital and private equity firms overseeing significant oil and gas technology and telecoms portfolios.
Mr. Stobie has a bachelor's degree in International Relations from Keele University and, following this, spent a number of years working for the British Army.
David Cather, Chairman of Tungsten West, commented: "On behalf of the Board, I am delighted to welcome Alistair to the Company. His extensive experience in fundraising and debt refinancing will play a pivotal role as we look to continue towards the recommencement of operations at Hemerdon."
Alistair Stobie, incoming CFO of Tungsten West, commented: "I am excited to be joining Tungsten West at this important stage of progressing Hemerdon towards production. With tungsten and tin marked as critical minerals by UK and European governments, extra emphasis has been placed on the value of globally significant deposits, including Hemerdon, to supply the minerals essential for future and green technologies."
Ends
For further information, please contact:
Enquiries
Tungsten West Strand Hanson Neil Gawthorpe (Nominated Adviser and Financial Tel: +44 (0) 1752 278500 Adviser) James Spinney / James Dance / Abigail Wennington Tel: +44 (0) 207 409 3494 BlytheRay VSA Capital Limited (Financial PR) (Financial Adviser and Joint Tim Blythe / Megan Ray Broker) Tel: +44(0) 20 7138 3204 Andrew Raca / Andrew Monk Email: tungstenwest@blytheray.com Tel: +44 (0)20 3005 5000 Hannam & Partners (Joint Broker) Andrew Chubb / Matt Hasson / Jay Ashfield Tel: +44 (0)20 7907 8500
Follow us on twitter @TungstenWest
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
BOADXBDBUUGDGXC
(END) Dow Jones Newswires
November 10, 2023 02:00 ET (07:00 GMT)
1 Year Tungsten West Chart |
1 Month Tungsten West Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions