Tungsten West grants share options to executives

Tungsten West Plc, a company listed on the Alternative Investment Market in London, has granted options to purchase its ordinary shares to its Chief Operating Officer and senior management. The Long Term Incentive Plan overseen by the Remuneration Committee facilitated these grants. Ronald Day, the COO, was given 5 million options, exercisable at a rate of 1 penny per share.

An additional 1.494 million options were allocated to other senior executives. These decisions were approved at shareholders' meetings on January 30, 2026, and February 26, 2026. The option grants and the company's authority to issue shares were documented in circulars issued on January 14, 2026, and February 9, 2026. The options are performance-based, contingent upon achieving commercial production and operational milestones, as well as meeting other key performance indicators.

The Remuneration Committee will assess whether these performance conditions have been satisfied. The options will remain valid for a period of 15 years from their grant date, or may terminate earlier if stipulated in their terms. The company also has provisions for accelerated vesting in the event of a change in control. Tungsten West is a mining operation in Devon, United Kingdom, focusing on tungsten and tin production.