Finance > Capital-markets

W Resources receives La Parrilla funding

Tungsten, copper and gold exploration company W Resources (LN:WRES) has received preliminary approval for a US$30 million loan to fully fund the 2 million tonnes per annum La Parrilla tungsten-tin mine in Spain.

Staff reporter

Finance > Capital-markets

W Resources receives La Parrilla funding

Tungsten, copper and gold exploration company W Resources (LN:WRES) has received preliminary approval for a US$30 million loan to fully fund the 2 million tonnes per annum La Parrilla tungsten-tin mine in Spain.

Staff reporter

W Resources receives La Parrilla funding

The US$30 million loan will fully fund the La Parrilla tungsten-tin mine

The term loan, from a US Special Situations Fund, has received preliminary approval from the investment committee and is subject to final due diligence and legal documentation, which is underway.