{
  "projectionVersion": "smpt-investigation-1",
  "projectId": "prj-gb-hemerdon",
  "corpus": {
    "revision": "2026-11-03",
    "legalStatusCutoff": "2026-11-03",
    "view": "current_corpus_revision",
    "notice": "Curated corpus revision, not source freshness or historical known-as-of coverage. Financial histories retain their own status dates."
  },
  "project": {
    "id": "prj-gb-hemerdon",
    "name": "Hemerdon tungsten and tin mine",
    "sponsorOrgIds": [
      "org-tungsten-west"
    ],
    "locations": [
      {
        "countryCode": "GB",
        "subnational": "Devon",
        "asStated": "the Hemerdon tungsten and tin mine in Devon ... on the outskirts of Plymouth"
      }
    ],
    "stages": [
      "mining",
      "processing"
    ],
    "materialIds": [
      "tungsten"
    ],
    "materialAttribution": "includes_untracked",
    "untrackedMaterialsAsStated": [
      "tin"
    ],
    "evidence": [
      {
        "sourceId": "src-nwf-tungsten-west-2026",
        "supports": [
          "name",
          "sponsors",
          "location",
          "stages",
          "materials"
        ],
        "evidence": "explicit",
        "locator": "First bullet point; second and third paragraphs",
        "note": null
      },
      {
        "sourceId": "src-ec-crma-sp-decision-2025-06",
        "supports": [
          "sponsors",
          "location"
        ],
        "evidence": "explicit",
        "locator": "Article 2, row 12",
        "note": "The decision names the Strategic Project \"Tungsten West\" and gives its promoter's address as \"Hemerdon Mine (Drakelands), PL7 5BS, Devon, United Kingdom\"; the annex lists it as an extraction project in the United Kingdom contributing to the supply of tungsten."
      }
    ],
    "notes": null
  },
  "organizations": [
    {
      "id": "org-tungsten-west",
      "name": "Tungsten West",
      "nameOriginal": null,
      "aliases": [
        "Tungsten West PLC"
      ],
      "kind": "company",
      "roles": [
        {
          "role": "registered_sponsor",
          "recordId": "prj-gb-hemerdon"
        },
        {
          "role": "recipient",
          "recordId": "fin-uk-nwf-2026-tungsten-procurement-right"
        },
        {
          "role": "recipient",
          "recordId": "fin-uk-nwf-2026-tungsten-west-equity"
        },
        {
          "role": "recipient",
          "recordId": "fin-uk-nwf-2026-tungsten-west-lending"
        },
        {
          "role": "recipient",
          "recordId": "fin-uk-nwf-2026-tungsten-west-package"
        },
        {
          "role": "designation_holder",
          "recordId": "dsg-eu-crma-tungsten-west"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "supports": [
            "name",
            "kind"
          ],
          "evidence": "explicit",
          "locator": "Second paragraph",
          "note": "\"a mining company focused on restarting the Hemerdon tungsten and tin mine on the outskirts of Plymouth\""
        },
        {
          "sourceId": "src-ec-crma-sp-decision-2025-06",
          "supports": [
            "name",
            "country"
          ],
          "evidence": "explicit",
          "locator": "Article 2, row 12",
          "note": "Named as \"Tungsten West PLC\", with the address \"Hemerdon Mine (Drakelands), PL7 5BS, Devon, United Kingdom\"."
        }
      ]
    },
    {
      "id": "org-uk-government",
      "name": "UK Government",
      "nameOriginal": null,
      "aliases": [],
      "kind": "government",
      "roles": [
        {
          "role": "provider",
          "recordId": "fin-uk-nwf-2026-tungsten-procurement-right"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "supports": [
            "name",
            "kind",
            "country",
            "actor"
          ],
          "evidence": "explicit",
          "locator": "Opening bullet points; third paragraph",
          "note": null
        }
      ]
    },
    {
      "id": "org-uk-nwf",
      "name": "National Wealth Fund",
      "nameOriginal": null,
      "aliases": [
        "National Wealth Fund Limited",
        "NWF"
      ],
      "kind": "public_financier",
      "roles": [
        {
          "role": "provider",
          "recordId": "fin-uk-nwf-2026-tungsten-west-equity"
        },
        {
          "role": "provider",
          "recordId": "fin-uk-nwf-2026-tungsten-west-lending"
        },
        {
          "role": "provider",
          "recordId": "fin-uk-nwf-2026-tungsten-west-package"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "supports": [
            "name",
            "kind",
            "country",
            "actor"
          ],
          "evidence": "explicit",
          "locator": "Closing notice",
          "note": "\"the trading name of the National Wealth Fund Limited, which is a private limited company registered in England and Wales ... and is wholly owned by HM Treasury\"; \"not a banking institution\"."
        }
      ]
    }
  ],
  "financialInstruments": [
    {
      "id": "fin-uk-nwf-2026-tungsten-procurement-right",
      "eventId": "evt-uk-nwf-tungsten-west-2026",
      "instrument": "procurement_right",
      "valueRole": "commitment",
      "capitalSource": "public",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-gb-hemerdon",
      "associatedProjectIds": [],
      "amount": null,
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "UK Government",
      "providerJurisdiction": "uk",
      "providerOrgIds": [
        "org-uk-government"
      ],
      "recipient": "Tungsten West",
      "recipientOrgIds": [
        "org-tungsten-west"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": "Hemerdon mine",
      "locations": [
        {
          "countryCode": "GB",
          "subnational": "Devon",
          "asStated": "on the outskirts of Plymouth"
        }
      ],
      "materialIds": [
        "tungsten"
      ],
      "stages": [
        "mining"
      ],
      "currentFinancialStatus": "announced",
      "financialStatusHistory": [
        {
          "status": "announced",
          "date": "2026-08-25",
          "sourceId": "src-nwf-tungsten-west-2026",
          "note": "An exclusive negotiation period only: \"The offtake agreement is being negotiated separately by UK Government.\""
        }
      ],
      "legacyPhysicalObservations": [],
      "terms": [
        {
          "kind": "procurement_share",
          "value": "50",
          "qualifier": "up_to",
          "currency": null,
          "unit": "% of the mine's tungsten production",
          "asStated": "the right to procure up to 50% of the mine's tungsten production, stated in its 2025 Feasibility Study",
          "sourceId": "src-nwf-tungsten-west-2026",
          "note": null
        }
      ],
      "statedOutcomes": [],
      "relationships": [],
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "provider",
            "recipient",
            "facility",
            "location",
            "stages",
            "materials",
            "status",
            "terms",
            "project"
          ],
          "evidence": "explicit",
          "locator": "Third paragraph",
          "note": null
        }
      ],
      "notes": "Unlocked by the NWF investment but not part of it. No agreement had been concluded when the release was published."
    },
    {
      "id": "fin-uk-nwf-2026-tungsten-west-equity",
      "eventId": "evt-uk-nwf-tungsten-west-2026",
      "instrument": "equity",
      "valueRole": "commitment",
      "capitalSource": "public_enterprise",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-gb-hemerdon",
      "associatedProjectIds": [],
      "amount": {
        "value": "36000000",
        "currency": "GBP",
        "qualifier": "exact",
        "amountAsStated": "a £36 million equity investment",
        "currencyBasis": "stated",
        "basisNote": null,
        "basisLabel": null
      },
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "National Wealth Fund",
      "providerJurisdiction": "uk",
      "providerOrgIds": [
        "org-uk-nwf"
      ],
      "recipient": "Tungsten West",
      "recipientOrgIds": [
        "org-tungsten-west"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": "Hemerdon mine",
      "locations": [
        {
          "countryCode": "GB",
          "subnational": "Devon",
          "asStated": "on the outskirts of Plymouth"
        }
      ],
      "materialIds": [
        "tungsten"
      ],
      "stages": [
        "mining",
        "processing"
      ],
      "currentFinancialStatus": "announced",
      "financialStatusHistory": [
        {
          "status": "announced",
          "date": "2026-08-25",
          "sourceId": "src-nwf-tungsten-west-2026",
          "note": null
        }
      ],
      "legacyPhysicalObservations": [],
      "terms": [],
      "statedOutcomes": [],
      "relationships": [
        {
          "commitmentId": "fin-uk-nwf-2026-tungsten-west-package",
          "relationship": "part_of",
          "sourceId": "src-nwf-tungsten-west-2026",
          "locator": "Second paragraph",
          "note": null
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "amount",
            "provider",
            "recipient",
            "project",
            "facility",
            "location",
            "stages",
            "materials",
            "relationships",
            "status"
          ],
          "evidence": "explicit",
          "locator": "Second paragraph",
          "note": null
        }
      ],
      "notes": null
    },
    {
      "id": "fin-uk-nwf-2026-tungsten-west-lending",
      "eventId": "evt-uk-nwf-tungsten-west-2026",
      "instrument": "loan",
      "valueRole": "commitment",
      "capitalSource": "public_enterprise",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-gb-hemerdon",
      "associatedProjectIds": [],
      "amount": {
        "value": "35000000",
        "currency": "GBP",
        "qualifier": "up_to",
        "amountAsStated": "up to £35 million of lending",
        "currencyBasis": "stated",
        "basisNote": null,
        "basisLabel": null
      },
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "National Wealth Fund",
      "providerJurisdiction": "uk",
      "providerOrgIds": [
        "org-uk-nwf"
      ],
      "recipient": "Tungsten West",
      "recipientOrgIds": [
        "org-tungsten-west"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": "Hemerdon mine",
      "locations": [
        {
          "countryCode": "GB",
          "subnational": "Devon",
          "asStated": "on the outskirts of Plymouth"
        }
      ],
      "materialIds": [
        "tungsten"
      ],
      "stages": [
        "mining",
        "processing"
      ],
      "currentFinancialStatus": "announced",
      "financialStatusHistory": [
        {
          "status": "announced",
          "date": "2026-08-25",
          "sourceId": "src-nwf-tungsten-west-2026",
          "note": null
        }
      ],
      "legacyPhysicalObservations": [],
      "terms": [],
      "statedOutcomes": [],
      "relationships": [
        {
          "commitmentId": "fin-uk-nwf-2026-tungsten-west-package",
          "relationship": "part_of",
          "sourceId": "src-nwf-tungsten-west-2026",
          "locator": "Second paragraph",
          "note": null
        }
      ],
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "amount",
            "provider",
            "recipient",
            "project",
            "facility",
            "location",
            "stages",
            "materials",
            "relationships",
            "status"
          ],
          "evidence": "explicit",
          "locator": "Second paragraph",
          "note": null
        }
      ],
      "notes": null
    },
    {
      "id": "fin-uk-nwf-2026-tungsten-west-package",
      "eventId": "evt-uk-nwf-tungsten-west-2026",
      "instrument": "mixed",
      "valueRole": "commitment",
      "capitalSource": "public_enterprise",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-gb-hemerdon",
      "associatedProjectIds": [],
      "amount": {
        "value": "71000000",
        "currency": "GBP",
        "qualifier": "up_to",
        "amountAsStated": "an investment of up to £71 million in Tungsten West",
        "currencyBasis": "stated",
        "basisNote": null,
        "basisLabel": null
      },
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "National Wealth Fund",
      "providerJurisdiction": "uk",
      "providerOrgIds": [
        "org-uk-nwf"
      ],
      "recipient": "Tungsten West",
      "recipientOrgIds": [
        "org-tungsten-west"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": "Hemerdon mine",
      "locations": [
        {
          "countryCode": "GB",
          "subnational": "Devon",
          "asStated": "on the outskirts of Plymouth"
        }
      ],
      "materialIds": [
        "tungsten"
      ],
      "stages": [
        "mining",
        "processing"
      ],
      "currentFinancialStatus": "announced",
      "financialStatusHistory": [
        {
          "status": "announced",
          "date": "2026-08-25",
          "sourceId": "src-nwf-tungsten-west-2026",
          "note": null
        }
      ],
      "legacyPhysicalObservations": [],
      "terms": [],
      "statedOutcomes": [
        {
          "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."
        }
      ],
      "relationships": [],
      "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\"."
    }
  ],
  "nonallocativeAssociations": [],
  "designations": [
    {
      "id": "dsg-eu-crma-tungsten-west",
      "eventId": "evt-eu-crma-strategic-projects-2025-06",
      "programmeId": "prg-eu-crma-strategic-projects",
      "projectId": "prj-gb-hemerdon",
      "relationship": "project_designation_standing_not_money",
      "projectNameAsStated": "Tungsten West",
      "holderOrgIds": [
        "org-tungsten-west"
      ],
      "statusHistory": [
        {
          "status": "recognized",
          "date": "2025-06-04",
          "sourceId": "src-ec-crma-sp-decision-2025-06",
          "note": "Article 1: \"The projects listed in the Annex are recognised as Strategic Projects.\""
        }
      ],
      "evidence": [
        {
          "sourceId": "src-ec-crma-sp-annex-2025-06",
          "supports": [
            "project",
            "location",
            "materials",
            "stages"
          ],
          "evidence": "explicit",
          "locator": "Entry (12)",
          "note": null
        },
        {
          "sourceId": "src-ec-crma-sp-decision-2025-06",
          "supports": [
            "programme",
            "holders",
            "status"
          ],
          "evidence": "explicit",
          "locator": "Article 1; Article 2, row 12",
          "note": null
        }
      ]
    }
  ],
  "nativeMilestones": [],
  "policyContexts": [
    {
      "id": "evt-eu-crma-strategic-projects-2025-06",
      "relationship": "finance_or_designation_parent",
      "jurisdiction": "eu",
      "issuingBody": "European Commission",
      "titleEn": "Commission Decision recognising 13 critical raw material projects in third countries and overseas countries or territories as Strategic Projects under the Critical Raw Materials Act",
      "titleOriginal": "Commission Decision of 4.6.2025 recognising certain critical raw material projects located in third countries and in overseas countries or territories as Strategic Projects under Regulation (EU) 2024/1252 of the European Parliament and of the Council",
      "documentNumber": "C(2025) 3491 final",
      "date": "2025-06-04",
      "policyStatus": "in_force",
      "sourceIds": [
        "src-ec-crma-sp-decision-2025-06",
        "src-ec-crma-sp-annex-2025-06",
        "src-ec-ip-25-1419"
      ]
    },
    {
      "id": "evt-uk-nwf-tungsten-west-2026",
      "relationship": "finance_or_designation_parent",
      "jurisdiction": "uk",
      "issuingBody": "National Wealth Fund",
      "titleEn": "National Wealth Fund backs Tungsten West to unlock critical UK tungsten supply",
      "titleOriginal": "National Wealth Fund backs Tungsten West to unlock critical UK tungsten supply",
      "documentNumber": null,
      "date": "2026-08-25",
      "policyStatus": "active",
      "sourceIds": [
        "src-nwf-tungsten-west-2026"
      ]
    }
  ],
  "coannouncedControls": [],
  "financePackageReferences": [
    {
      "childFinanceId": "fin-uk-nwf-2026-tungsten-west-equity",
      "parentFinanceId": "fin-uk-nwf-2026-tungsten-west-package",
      "relation": "part_of",
      "projectMoneyAllocation": "not_asserted",
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "locator": "Second paragraph"
        }
      ]
    },
    {
      "childFinanceId": "fin-uk-nwf-2026-tungsten-west-lending",
      "parentFinanceId": "fin-uk-nwf-2026-tungsten-west-package",
      "relation": "part_of",
      "projectMoneyAllocation": "not_asserted",
      "evidence": [
        {
          "sourceId": "src-nwf-tungsten-west-2026",
          "locator": "Second paragraph"
        }
      ]
    }
  ],
  "unknowns": [
    "No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.",
    "Some directly linked instruments have no stated amount. A missing value is not zero.",
    "Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.",
    "Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome."
  ],
  "sources": [
    {
      "id": "src-ec-crma-sp-annex-2025-06",
      "title": "Annex to Commission Decision C(2025) 3491 final: list of Strategic Projects in third countries and overseas countries or territories",
      "publisher": "European Commission",
      "url": "https://single-market-economy.ec.europa.eu/document/download/60c576a5-435e-43e6-83de-c81f3652259b_en?filename=C_2025_3491_1_EN_annexe_acte_autonome_part1_v3.pdf",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2025-06-04",
      "accessedOn": "2026-09-23"
    },
    {
      "id": "src-ec-crma-sp-decision-2025-06",
      "title": "Commission Decision of 4.6.2025 recognising certain critical raw material projects located in third countries and in overseas countries or territories as Strategic Projects under Regulation (EU) 2024/1252 (C(2025) 3491 final)",
      "publisher": "European Commission",
      "url": "https://single-market-economy.ec.europa.eu/document/download/808502c2-21c7-4ca8-855f-ff0b528f91c4_en?filename=C_2025_3491_1_EN_ACT_part1_v4.pdf",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2025-06-04",
      "accessedOn": "2026-09-23"
    },
    {
      "id": "src-ec-ip-25-1419",
      "title": "Commission selects 13 Strategic Projects in third countries to secure access to raw materials and to support local value creation (IP/25/1419)",
      "publisher": "European Commission",
      "url": "https://ec.europa.eu/commission/presscorner/detail/en/ip_25_1419",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2025-06-04",
      "accessedOn": "2026-09-23"
    },
    {
      "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",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-08-25",
      "accessedOn": "2026-09-22"
    }
  ],
  "limitations": [
    "Policy contexts here parent existing finance or designation records; a shared material or date never creates a causal edge.",
    "Coannounced controls are announcement siblings only, not project-specific restrictions or effects.",
    "Direct project attribution and nonallocative association are different. No individual monetary allocation, financial sum or payment conclusion is authorized.",
    "Financing statuses describe the current corpus revision. Legacy implementation observations require scoped review and are not project-native milestones.",
    "A milestone's event/target date, publication/access horizon and reviewer date are separate. A planned target is not automatically occurred.",
    "An absent reviewed milestone means no approved entry in SMPT, not that the facility is inactive or failed.",
    "Amounts retain current source-stated terms, original currency and exact decimal strings. This packet computes no historical financial totals or project-wide monetary allocation.",
    "Published source review does not establish independent on-site verification. Source, financial-status, occurrence, target and review dates remain distinct."
  ]
}