TUN fully funds Hemerdon restart; losses narrow and cash rises
TUN says full funding has been secured for the Hemerdon mine restart, following a major equity raise and conversion of loan notes to equity. Operating losses narrowed, cash reserves increased, and it targets full production in Q1 2027.
Significant operational and financial progress was made, including a major equity raise, conversion of loan notes to equity, and full funding secured for the Hemerdon mine restart.
Operating losses narrowed, cash reserves increased, and the company is on track for full production in Q1 2027.Origina…