STOCK WATCH

■ TUNGSTEN West is pressing ahead with plans to develop the Hemerdon mine near Plymouth it bought in 2019.

The Devon-based mining company agreed a royalty sale worth around £26m with a global mine royalty investment fund.

Tungsten plans to use this money – along with an additional £5m to £10m it hopes to secure – to finance the project which it expects to complete before the third quarter of next year. Shares rose 18.8pc, or 4.5p, to 28.5p.