(Alliance News) - Tungsten West PLC on Monday celebrated signing a deal with Oxford Sigma to explore and establish supply pathway options using tungsten for fusion energy deployment.

Tungsten West is a mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, England. Its shares were up 15% at 3.75 pence each in London on Monday morning.

Under the terms of the collaboration, Tungsten will work with Oxford Sigma to source raw tungsten material in the UK, with the goal of deploying these tungsten-based components across the globe.

Oxford Sigma is an Oxfordshire, England-based company focused on delivering materials technology, materials solutions, and fusion design services in order to accelerate the commercialisation of fusion energy.

"We are excited to enter into this collaboration agreement with Oxford Sigma which represents a significant step forward in advancing the development of sustainable and clean energy solutions. Tungsten is a key material required in fusion energy, essential in several key application areas within the reactors and, as we progress to production at Hemerdon, we are in a position to supply tungsten globally," said Chief Executive Officer Neil Gawthorpe.

By Holly Beveridge, Alliance News reporter

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