shares jumped after it updated investors on its progress with the La Parrilla tungsten mine in Spain.
The AIM listed miner said that all components of the concentrator plant have been commissioned, with over 5 tonnes of tungsten concentrate produced, to be purified and tin separated next week.
The company also told investors that it was at ‘advanced stages’ of finalising its finance facilities and additional investment from local Spanish investors, including Chairman Michael Masterman who is expected invest at 0.5p per share after the closed period.
Shares jumped 11.59% to 0.385p during early Friday morning trading
W Resources said that Tungsten concentrate production for the T2 phase at La Parrilla will be underway during November.
The company also expects that its 2.5 tonnes of tin concentrate will be built up to a 10 tonne stock before shipment.
The T2 phase was funded with a $35m loan from Blackrock, the American global money manager.
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The AIM-listed processing company also said it had received expressions of interest from potential customers for almost double its annual capacity of 20,000 tonnes of antimony metal and trioxide.
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Kape CEO Ido Erlichman said: “In one acquisition, I believe we have positioned Kape to fast become one of the leading digital privacy service providers in the world, empowering consumers to manage their own data and digital security.”
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Matt Lofgran, Chief Executive Officer of Nostra Terra explained the company decision, commenting, “We have taken the view that because the asset is loss-making and given we are not the operator, despite the fact that we feel that we could improve operations significantly, ultimately the best resolution is for NTI to transfer its interest and have no past or future liability."
“Transport refuelling is just the tip of the iceberg for demand for hydrogen from renewable sources,” said Dr Graham Cooley, CEO of ITM Power, “and this partnership will be well positioned to participate in this exciting and rapidly growing industry."