TIDMTUN
RNS Number : 2843L
Tungsten West PLC
04 September 2023
4 September 2023
Tungsten West Plc
("Tungsten West", the "Company" or the "Group")
Appointment of Non-Executive Directors
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 Guy Edwards, Adrian Bougourd, and Kevin Ross,
who will join the Company as Non-Executive Directors with immediate
effect.
Mr. Edwards, who is a fellow of the Institute of Quarrying and
has a first-class honours degree in Quarry Engineering, has
significant experience within the aggregates industry, previously
holding CEO positions at Aggregate Industries UK and Aggregate
Industries USA, which had a combined turnover in excess of GBP1
billion. Additionally, he was Managing Director of Midland Quarry
Products and has 25 years of senior management experience with
Hanson PLC. Mr. Edwards has participated in numerous acquisitions
and has extensive experience in aggregates business development. He
is currently Integration Director of AIM-listed SigmaRoc PLC and
co-founder of sustainability startup company XEROC Ltd.
Mr. Bougourd is part of the Developed Markets team at Lansdowne
Partners (UK) LLP, having joined in November 2010. He has
previously worked as a European equity, credit and event driven
analyst at Perry Capital. Mr. Bougourd is an experienced senior
financial analyst who has spent 20 years analysing and advising
companies in the industrial and cyclical space across the globe .
Mr. Bougourd's experience in capital markets, including in-sourcing
and analysing public and private European investment opportunities
across industries and the capital structure, will be of significant
value to the Board.
Mr. Ross is a European Engineer (Eur Ing) with an honours degree
in Mining Engineering from the Royal School of Mines. Across the
last 24 years, he has held numerous COO roles for operating and
development companies in Greece, Australia and Canada. He has been
part of the senior management teams of two acquired companies, Red
Back Mining, which was acquired by Kinross, and Orca Gold, which
was acquired by Perseus Mining, and is currently the COO of Montage
Gold Corp, which is developing a large-scale gold project in Cote
d'Ivoire.
David Cather, Chairman, commented: "We are pleased to welcome
Guy, Adrian and Kevin to the Board. Their wide range of expertise
across the aggregates and mining industries, capital markets,
financing, and company and project development will add further
value, guidance and support to the Tungsten West team as it
continues to progress Hemerdon towards production. The Company
remains focused on working towards the final permit approvals for
the Project."
AIM Rules for Companies, Schedule 2(g) Disclosures
Guy Charles Edwards
As required by Schedule 2(g) of the AIM Rules for Companies, the
Company confirms that Mr Guy Edwards, aged 57, currently holds or
has held the following directorships and partnerships in the last
five years:
Current Directorships Past Directorships (in the
last five years)
Mineral Products Association
XEROC Ltd Limited
--------------------------------
Aggregate Industries South West
Guy Edwards Consultancy Limited Limited
--------------------------------
Lafarge Cauldon Limited
--------------------------------
Aggregate Industries UK Limited
--------------------------------
Aggregate Industries Limited
--------------------------------
Foster Yeoman Limited
--------------------------------
Mr Edwards does not hold any ordinary shares or options in the
Company.
Adrian Richard Bougourd
As required by Schedule 2(g) of the AIM Rules for Companies, the
Company confirms that Mr Adrian Bougourd, aged 41, currently holds
or has held the following directorships and partnerships in the
last five years:
Current Directorships Past Directorships (in the
last five years)
None None
---------------------------
Mr Bougourd does not hold any ordinary shares or options in the
Company. He is the appointed representative of Lansdowne Partners
(UK) LLP, which controls, on behalf of its clients, 9.41% of the
Company, and whose clients have a further interest in the Company
via a CLN announced on 3 April 2023.
Kevin John Ross
As required by Schedule 2(g) of the AIM Rules for Companies, the
Company confirms that Mr Kevin Ross, aged 69, currently holds or
has held the following directorships and partnerships in the last
five years:
Current Directorships Past Directorships (in the
last five years)
33 RYC Management Company Limited Great Panther Mining Limited
-----------------------------
Montage Gold Corp
-----------------------------
Mr Ross does not hold any ordinary shares or options in the
Company.
Mr Ross was a director of Great Panther Mining Limited until
August 2022 before it filed an intention for bankruptcy in
September 2022. The shortfall to creditors to creditors is not yet
known but is expected to be c. C$ 50 million.
Other than as provided in this announcement, no other
disclosures in relation to Mr Adrian Bougourd, Mr Guy Edwards or Mr
Kevin Ross are required under Rule 17 and schedule 2 (g) of the AIM
Rules for Companies.
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.
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
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END
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