viewW Resources PLC

W Resources raises £756,000, as progress at Régua and La Parrilla continues apace

W Resources is building a track record in tungsten development

W Resources PLC -

W Resources PLC (LON:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, has raised £756,000 via placing of just under 210mln new shares to new Spanish investors.

The money was raised at a price of 0.36p per share.

The funds raised will be used to advance development work at the Régua project and to provide additional working capital for the company.

"It's important to have the continued strong support of the Spanish investors at a time of volatility,” said W Resources chairman Michael Masterman.

“Funds will be used to advance the Régua mine and provide a strong base of working capital for W Resources"

The news follows the completion of the first blast at Régua last week.

The ramp up of production at the La Parrilla mine in Spain continues.

Separately, the company also announced the retirement of director Byron Pirola after 12 years on the board.

Quick facts: W Resources PLC

Price: 0.155 GBX

Market: AIM
Market Cap: £10.39 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of W Resources PLC named herein, including the promotion by the Company of W Resources PLC in any Content on the Site, the Company receives from...



W Resources chairman: La Parrilla well positioned now for a 'very good June...

W Resources PLC's (LON:WRES) Michael Masterman tells Proactive London's Andrew Scott the first quarter of 2020 presented a few challenges with the virus and subsequent lockdowns but they're now well placed for what he's hoping will be a very good June quarter. He says production from the La...

on 22/4/20

2 min read