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W Resources secures additional $5mln funding as it pushes ahead with La Parrilla production ramp-up

W Resources PLC's (LON:WRES) Michael Masterman details an increase which has been agreed to its existing loan facility with Blackrock.

They're to provide an additional US$5mln with no warrants attached. 

Masterman adds La Parrilla is now fully up and running on a 24-hour basis producing tungsten concentrate in line with shipment specifications.

Quick facts: W Resources PLC

Price: 0.29 GBX

AIM:WRES
Market: AIM
Market Cap: £18.82 m
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W Resources chairman at La Parrilla to update on grant funding and new loan

W Resources PLC's (LON:WRES) chairman Michael Masterman gives a progress report on developments at both its flagship project La Parrilla in Spain and Régua in northern Portugal. This week WRES announced its put in place a €5mln facility with Banco Santander. It's to allow them to monetise the...

6 days, 18 hours ago

2 min read