# Hemerdon Mine

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/hemerdon-mine
Canonical HTML page: https://getyourbrief.com/entity/hemerdon-mine

## Timeline

- **2026-08-25**: UK Government announces £71m investment — Chancellor John Healey and Business Secretary Jonathan Reynolds confirmed National Wealth Fund support to restart Hemerdon mine, including £36m for 7% equity and £35m restart funding.
- **2026-08-25**: UK Government announces £71m investment — Chancellor John Healey and Business Secretary Jonathan Reynolds confirmed National Wealth Fund support to restart Hemerdon mine, including £36m for 7% equity and £35m restart funding.
- **2023**: Tungsten West warned of precarious finances — Operator Tungsten West warned it was in a precarious financial position, raising doubts about Hemerdon's future.
- **2023**: Tungsten West warned of precarious finances — Operator Tungsten West warned it was in a precarious financial position, raising doubts about Hemerdon's future.

## Recent coverage (3 stories, network-wide)

### £71m Hemerdon Restart Locks 50% of UK Tungsten Supply
2026-08-25 13:59:23 · Sector: supply · Sentiment: Positive · Impact: 6/10 · Sources: 3

The £71m public investment through the National Wealth Fund will restart Devon's Hemerdon mine, giving the UK the right to ringfence 50% of output and ease reliance on overseas tungsten.
Full story: https://getsupplybrief.com/story/uk-tungsten-supply-hemherdon-71m

### UK £71m Tungsten Mine Restart Shields 50% Defence Supply
2026-08-25 13:59:14 · Sector: space · Sentiment: Positive · Impact: 6/10 · Sources: 3

The UK's £71m National Wealth Fund investment to revive Hemerdon mine will ringfence 50% of tungsten output for domestic defence, nuclear and aerospace industries, cutting exposure to import risks.
Full story: https://getspacebrief.com/story/uk-tungsten-mine-defence-supply-71m

### £36m Stake Values UK Tungsten Mine at £514m Implied
2026-08-25 13:59:04 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 3

The National Wealth Fund is paying £36m for a 7% equity stake in Tungsten West's Hemerdon mine, implying a £514m valuation, plus £35m to restart production—a high-conviction strategic investment in a previously distressed asset.
Full story: https://getfinancebrief.com/story/uk-tungsten-mine-finance-valuation-71m

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