UK National Wealth Fund to invest up to $96.8m in Tungsten West
<p><strong></strong></p> <p>The UK’s National Wealth Fund is set to invest up to £71 million (approximately $96.8 million) in Tungsten West to facilitate the recommencement of operations at the strategically important Hemerdon tungsten and tin mine in Devon. This substantial funding, comprising both equity and loans, aims to bolster the UK's domestic supply of critical minerals vital for sectors such as defence, aerospace, and advanced energy, while also fostering economic development and job creation in the South West region. The initiative underscores the UK Government’s commitment to securing resilient supply chains amidst increasing international supply volatility.</p> <p><strong>
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