{
 "as_of": "2026-11-06",
 "cmr": "uk-cm-kg/AIM/TUN",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# TUNGSTEN WEST PLC (AIM: TUN) — research page\n\nAs of 2026-11-06 · uk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is TUNGSTEN WEST PLC, listed on AIM under ticker TUN, with ISIN GB00BP6QM557 and LEI 213800QNV72HX3JAFC56. Its security type is Corporate, its segment is ASQ1, and its sector is Industrial Metals and Mining [551020]. The jurisdiction is England and Wales as given in the Companies House jurisdiction field. The record holds the issuer as listed, not halted.\n\n## The disclosure read\n\nThe record holds 109 filings in the twelve months to 2026-11-06, across 77 filing days. The median gap between filing days is 2.5 days. The latest filing is dated 2026-11-05, one day before the record date, and is of type corporate_action. The exchange median is a gap of 7.0 days, a filing count of 33.5 and a latency of 4 days across 594 issuers. The sector median is a gap of 6.0 days, a filing count of 47 and a latency of 3.0 days across 117 issuers. The issuer's median gap of 2.5 days is below both medians, its filing count of 109 is above both, and its latency of 1 day is below both.\n\n## Auditor\n\nThe auditor of record is PKF Francis Clark. The auditor's location is not on the record. Auditor changes are not on the record, as the market's register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the market's register has no lifecycle type map yet. The issuer is listed and not halted.\n\n## Orderability\n\nFor the elective professional client category the outcome is signal ACM-200, determinable. For the eligible counterparty category the outcome is signal ACM-200, determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 3 research houses: Strand Hanson Ltd, Hannam & Partners and Zeus Capital Limited.\n\n## Open research\n\nThe record holds 1 openly published research note, by PAC Partners, dated 2023-03-06.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nNo years for the issuer are sealed. The market's vintage is not sealed, and no earliest sealed date is given. The live record began on 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n11 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (identity.exchange)\n- https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/TUN (identity.isin)\n- https://find-and-update.company-information.service.gov.uk/company/11310159 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://www.londonstockexchange.com/stock/TUN/tungsten-west-plc/company-page (identity.sector)\n- https://mcp.uk-cm-kg.ai/events/AIM/TUN (the disclosure lines)\n- https://marketsecurities.fca.org.uk/officiallist (the halt flag)\n- https://mcp.uk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.tungstenwest.com/investors (coverage)\n- https://cdn-ceo-ca.s3.amazonaws.com/1i0b0up-PACP_RR_TungstenIndustry_20230306.01.pdf (open research)\n- https://mcp.uk-cm-kg.ai/record/AIM/TUN (the record)\n",
 "market": "UK",
 "node": "uk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-11",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the UK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "Tavily regex · adjudicated by Claude",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": null,
    "state": "filled",
    "value": "PKF Francis Clark"
   },
   "auditor_firm_id": {
    "market": "UK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "UK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "uk-cm-kg/AIM/TUN",
  "coverage": {
   "count": 3,
   "houses": [
    {
     "house": "Strand Hanson Ltd",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tungstenwest.com/investors",
     "state": "sourced"
    },
    {
     "house": "Hannam & Partners",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tungstenwest.com/investors",
     "state": "sourced"
    },
    {
     "house": "Zeus Capital Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tungstenwest.com/investors",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.tungstenwest.com/investors",
     "result": "read: 3 of 3 named houses found on the page"
    },
    {
     "page": "https://www.research-tree.com/companies/uk/precious-metals/tungsten-west-plc/research/hannam-partners/tungsten-west-global-hunt-for-vital-defence-metal-puts-hemerdon-on-the-map-with-credible-restart-pl/95_7714a72c-6b14-478a-b7fa-8327ff56635e",
     "result": "not readable by this rail (403)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 594,
     "median_cadence_gap_days": 7,
     "median_filings": 33.5,
     "median_latency_days": 4,
     "name": "AIM"
    },
    "sector": {
     "issuers": 117,
     "median_cadence_gap_days": 6,
     "median_filings": 47,
     "median_latency_days": 3,
     "name": "Industrial Metals and Mining [551020]"
    }
   },
   "by_type": {
    "agm_record_date": 4,
    "ch_capital": 9,
    "ch_charge": 3,
    "ch_confirmation_statement": 1,
    "ch_officer_change": 4,
    "ch_other": 1,
    "ch_psc": 6,
    "ch_resolution": 3,
    "corporate_action": 3,
    "director_dealing": 3,
    "early_warning": 36,
    "financial_statement": 2,
    "newswire_release": 13,
    "regulatory_announcement": 21
   },
   "cadence_median_gap_days": 2.5,
   "filing_days": 77,
   "filings": 109,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.investegate.co.uk/announcement/rns/tungsten-west--tun/capital-reduction-/9859154",
     "title": "Capital Reduction",
     "type": "corporate_action"
    },
    {
     "category": null,
     "date": "2026-10-28",
     "source": "https://www.globenewswire.com/news-release/2026/10/28/3390833/0/en/tungsten-carbide-market-to-exceed-usd-22-bn-by-2032-supported-by-manufacturing-growth-and-mining-activity-says-mordor-intelligence.html",
     "title": "Tungsten Carbide Market to Exceed USD 22 Bn by 2032",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-27",
     "source": "https://www.globenewswire.com/news-release/2026/10/27/3389023/0/en/ahead-of-a-january-2027-pentagon-sourcing-rule-tungsten-projects-outside-china-move-into-permits-and-restarts.html",
     "title": "Ahead of a January 2027 Pentagon Sourcing Rule, Tungsten",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-13",
     "source": "https://www.prnewswire.com/news-releases/great-basin-drill-season-delivers-high-grade-silver-and-gold-as-a-historic-nevada-tungsten-camp-lines-up-six-drill-holes-302907061.html",
     "title": "Great Basin Drill Season Delivers High-Grade Silver and Gold as a Historic Nevada Tungsten Camp Lines Up Six Drill Holes - PR Newswire",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-13",
     "source": "https://www.investegate.co.uk/announcement/rns/tungsten-west--tun/corporate-presentation/9819266",
     "title": "Corporate Presentation",
     "type": "regulatory_announcement"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.uk-cm-kg.ai/events/AIM/TUN",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "AIM"
   },
   "isin": {
    "read_by": "LSE instrument reference record (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/TUN",
    "state": "confirmed",
    "value": "GB00BP6QM557"
   },
   "jurisdiction": {
    "read_by": "Companies House REST API (company profile) (jurisdiction field)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://find-and-update.company-information.service.gov.uk/company/11310159",
    "state": "confirmed",
    "value": "England and Wales (Companies House jurisdiction field)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN GB00BP6QM557)",
    "state": "sourced",
    "value": "213800QNV72HX3JAFC56"
   },
   "name": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "TUNGSTEN WEST PLC"
   },
   "sector": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/TUN/tungsten-west-plc/company-page",
    "state": "sourced",
    "value": "Industrial Metals and Mining [551020]"
   },
   "security_type": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "ASQ1"
   },
   "ticker": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "TUN"
   },
   "website": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/TUN/tungsten-west-plc/company-page",
    "state": "sourced",
    "value": "tungstenwest.com"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "UK",
  "node": "uk-cm-kg",
  "numbers_hash": "sha256:1e346e8393a1b49a98466952f5278ede120b5ebe82318b2a6fe698ec1b91b8c4",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2023-03-06",
     "kind": "issuer-sponsored",
     "publisher": "PAC Partners",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://cdn-ceo-ca.s3.amazonaws.com/1i0b0up-PACP_RR_TungstenIndustry_20230306.01.pdf",
     "state": "sourced",
     "title": "A critical renaissance"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "elective professional client",
    "eligible counterparty"
   ],
   "outcomes": {
    "elective professional client": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "eligible counterparty": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.uk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.uk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/uk/product-governance-fca-prod-sourcebook/r1",
   "section": "uk.aio.v16"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.uk-cm-kg.ai/record/AIM/TUN",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://marketsecurities.fca.org.uk/officiallist",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:1e346e8393a1b49a98466952f5278ede120b5ebe82318b2a6fe698ec1b91b8c4",
 "path": "/uk/AIM/TUN",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is TUNGSTEN WEST PLC, listed on AIM under ticker TUN, with ISIN GB00BP6QM557 and LEI 213800QNV72HX3JAFC56. Its security type is Corporate, its segment is ASQ1, and its sector is Industrial Metals and Mining [551020]. The jurisdiction is England and Wales as given in the Companies House jurisdiction field. The record holds the issuer as listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 109 filings in the twelve months to 2026-11-06, across 77 filing days. The median gap between filing days is 2.5 days. The latest filing is dated 2026-11-05, one day before the record date, and is of type corporate_action. The exchange median is a gap of 7.0 days, a filing count of 33.5 and a latency of 4 days across 594 issuers. The sector median is a gap of 6.0 days, a filing count of 47 and a latency of 3.0 days across 117 issuers. The issuer's median gap of 2.5 days is below both medians, its filing count of 109 is above both, and its latency of 1 day is below both.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is PKF Francis Clark. The auditor's location is not on the record. Auditor changes are not on the record, as the market's register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the market's register has no lifecycle type map yet. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the elective professional client category the outcome is signal ACM-200, determinable. For the eligible counterparty category the outcome is signal ACM-200, determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 3 research houses: Strand Hanson Ltd, Hannam & Partners and Zeus Capital Limited.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 1 openly published research note, by PAC Partners, dated 2023-03-06.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "No years for the issuer are sealed. The market's vintage is not sealed, and no earliest sealed date is given. The live record began on 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "11 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer"
  },
  {
   "for": "identity.isin",
   "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/TUN"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://find-and-update.company-information.service.gov.uk/company/11310159"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "identity.sector",
   "source": "https://www.londonstockexchange.com/stock/TUN/tungsten-west-plc/company-page"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.uk-cm-kg.ai/events/AIM/TUN"
  },
  {
   "for": "the halt flag",
   "source": "https://marketsecurities.fca.org.uk/officiallist"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.uk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.tungstenwest.com/investors"
  },
  {
   "for": "open research",
   "source": "https://cdn-ceo-ca.s3.amazonaws.com/1i0b0up-PACP_RR_TungstenIndustry_20230306.01.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.uk-cm-kg.ai/record/AIM/TUN"
  }
 ],
 "title": "TUNGSTEN WEST PLC (TUN) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}