Proactive Investors - Run By Investors For Investors

Wolf Minerals says funding talks ongoing as production reliability improves

Wolf said work to secure funding to provide it with further capital to progress future initiatives was well underway
Wolf Minerals says funding talks ongoing as production reliability improves
The tungsten produced by Wolf is used in a range of industrial, mining and agricultural applications

Wolf Minerals Limited (LON:WLFE) said it was still working on securing long-term financing and had made good progress on its production reliability in recent months.

The producer of speciality metals also said it had deferred the publication of its annual results statement as further progress was required to finalise their audit.

READ: Wolf Minerals recovers operating strength following March freeze as it seeks new funds

The tungsten specialist now has until the end of 2018 to issue its annual report.

Wolf said work was also currently underway on longer-term funding solutions to provide the company with capital to progress its future enhancement initiatives to optimise production. It added that it would keep the market abreast of any future developments.

The company also said it had made significant advances in the reliability of its production and profile.

Shares in Wolf were 14.6% down at 1.75p in early trade.

View full WLF profile View Profile

Wolf Minerals Limited Timeline

August 14 2018

Related Articles

Drill pad preparation at Mt Freda complex in Queensland
May 01 2019
Its focus is on ground in Tier 1 provinces, such as on the Mt Freda complex in Queensland and an Olympic Dam structural corridor in South Australia.
TGME plant
February 05 2019
A scoping study for Theta Hill released in October 2018 delivered a positive result for the shallow, high-grade gold resource.
The 25th element on the periodic table, manganese
February 13 2019
Test work on Butcherbird ore recently produced very high purity 99.95% manganese metal.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use