{
  "commitment": {
    "id": "fin-uk-nwf-2026-tungsten-west-package",
    "eventId": "evt-uk-nwf-tungsten-west-2026",
    "relationships": [],
    "instrument": "mixed",
    "valueRole": "commitment",
    "capitalSource": "public_enterprise",
    "amount": {
      "value": "71000000",
      "currency": "GBP",
      "qualifier": "up_to",
      "amountAsStated": "an investment of up to £71 million in Tungsten West",
      "currencyBasis": "stated"
    },
    "provider": "National Wealth Fund",
    "providerJurisdiction": "uk",
    "providerOrgIds": [
      "org-uk-nwf"
    ],
    "legalAuthority": null,
    "programmeId": null,
    "recipient": "Tungsten West",
    "recipientOrgIds": [
      "org-tungsten-west"
    ],
    "project": "Restart of production at the Hemerdon tungsten and tin mine",
    "projectId": "prj-gb-hemerdon",
    "facility": "Hemerdon mine",
    "locations": [
      {
        "countryCode": "GB",
        "subnational": "Devon",
        "asStated": "on the outskirts of Plymouth"
      }
    ],
    "stages": [
      "mining",
      "processing"
    ],
    "stageAllocation": "multi_stage_unallocated",
    "materialIds": [
      "tungsten"
    ],
    "materialAttribution": "includes_untracked",
    "untrackedMaterialsAsStated": [
      "tin"
    ],
    "financialStatusHistory": [
      {
        "status": "announced",
        "date": "2026-08-25",
        "sourceId": "src-nwf-tungsten-west-2026",
        "note": null
      }
    ],
    "implementationStatusHistory": [],
    "terms": [],
    "outcomes": [
      {
        "metric": "target_date",
        "value": null,
        "qualifier": null,
        "unit": null,
        "targetDate": "2027",
        "asStated": "The Company is targeting ramp up to full scale production in Q1 2027.",
        "statedBy": "recipient",
        "sourceId": "src-nwf-tungsten-west-2026",
        "note": "First quarter of 2027."
      },
      {
        "metric": "direct_jobs",
        "value": "350",
        "qualifier": "approximately",
        "unit": "direct jobs",
        "targetDate": null,
        "asStated": "The Hemerdon project is expected to support around 350 direct jobs once fully operational",
        "statedBy": "government",
        "sourceId": "src-nwf-tungsten-west-2026",
        "note": "Stated by the National Wealth Fund, which is wholly owned by HM Treasury."
      }
    ],
    "evidence": [
      {
        "sourceId": "src-nwf-tungsten-west-2026",
        "supports": [
          "instrument",
          "value_role",
          "capital_source",
          "amount",
          "provider",
          "recipient",
          "project",
          "facility",
          "location",
          "stages",
          "materials",
          "status",
          "outcomes"
        ],
        "evidence": "explicit",
        "locator": "Opening paragraphs",
        "note": "The National Wealth Fund is \"wholly owned by HM Treasury\"."
      }
    ],
    "notes": "The package total; its equity and lending components are recorded as parts of it. The stages render \"construction, commissioning and processing costs associated with restarting production\"."
  },
  "event": {
    "id": "evt-uk-nwf-tungsten-west-2026",
    "date": "2026-08-25",
    "jurisdiction": "uk",
    "titleEn": "National Wealth Fund backs Tungsten West to unlock critical UK tungsten supply"
  },
  "parents": [],
  "children": [
    {
      "id": "fin-uk-nwf-2026-tungsten-west-equity",
      "relationship": "part_of"
    },
    {
      "id": "fin-uk-nwf-2026-tungsten-west-lending",
      "relationship": "part_of"
    }
  ],
  "sources": [
    {
      "id": "src-nwf-tungsten-west-2026",
      "title": "National Wealth Fund backs Tungsten West to unlock critical UK tungsten supply",
      "publisher": "National Wealth Fund",
      "url": "https://www.nationalwealthfund.org.uk/news-and-publications/news/national-wealth-fund-backs-tungsten-west-to-unlock-critical-uk-tungsten-supply/",
      "language": "en",
      "datePublished": "2026-08-25",
      "dateAccessed": "2026-09-22",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "The National Wealth Fund's own release announcing up to £71 million (£36 million equity plus up to £35 million lending) for Tungsten West to restart the Hemerdon tungsten and tin mine near Plymouth. States that the resulting negotiation right for up to 50% of production is separate from the offtake agreement itself, which was still being negotiated by the UK Government as of this release."
    }
  ]
}