Capture note
The X post embeds YouTube video HIERckyAIrM. Direct MP4 download was blocked by HTTP 403, so this post embeds the public YouTube video and preserves captions/metadata/source files instead of claiming a local MP4.
What the video says
A 160-year-old mine in Devon is to reopen 8 years after it was closed. The Hemerdon Tungsten and Tin Mine near Plymouth will receive up to 71 million pounds from the national wealth fund. Tungsten is used in military equipment and is currently heavily controlled by China. The UK government says it will ring-fence 50% of what's produced in this mine for use in Britain. Jenny Kumar has been to the mine. >> This is one of the world's largest deposits of tungsten. But for nearly a decade, the valuable metals here have remained untouched. A previous operator stopped production in 2018 after it went bust. >> It's a really exciting project. I know >> Those behind this new venture say they've invested heavily to improve processing. And with tungsten prices at record highs, it's the perfect time to restart production. >> What this gives the UK is a is a long-term equity investment in a world-scal...
Why it matters
Hemerdon is being framed as Western critical-minerals infrastructure: domestic tungsten supply, defence/aerospace/manufacturing use, and reduced reliance on China-dominated supply chains.
Source-check summary
- Tungsten West’s investor page says it owns Hemerdon and trades on AIM as TUN.
- Tungsten West’s site says the National Wealth Fund is investing up to £71 million to support the Hemerdon restart.
- Search/source trail shows BBC/NWF language that up to 50% of production may be ring-fenced/procured for UK use.
Source note Claim table Transcript
Not investment advice
This is a public-source tungsten news post, not a buy/sell recommendation for Tungsten West or any related security.