Proactive Investors - Run By Investors For Investors

Planning permission extension 'really opens up opportunities' for Wolf Minerals

Devon-based tungsten and tin miner Wolf Minerals Limited (LON:WLFE) has received a double boost with a planning permission extension and approval to work 24/7 at the Drakelands mine’s processing plant.

Managing Director Russell Clark tells Proactive: This really opens up the opportunity of that operation to increase its production by 20-25% ... so instead of producing 3,500 tonnes/year of tungsten maybe we can produce 4,000.''

''It's been a very busy year. We had to refinance the company in the middle of the year with a £25 mln injection. Tungsten prices haven't gone up  as we'd hoped but we remain confident they will and we had to do another refinancing very recently - so we've injected another £20 mln of equity''.

 
Meet Alliance Pharma plc, IXICO PLC, Benchmark Holdings PLC, Clinigen Group PLC and Shield Therapeutics PLC at our event, London , 24 January 2019. Register here »
View full WLF profile View Profile

Wolf Minerals Limited Timeline

Newswire
August 14 2018

© Proactive Investors 2018

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