RNS Number: 5491 X W Resources PLC 01 September 2020. W Resources Plc, the tungsten, tin and gold mining and exploration company with assets in Spain and Portugal, is pleased to provide an update on the amendment to the loan facility provided by Blackrock Financial Management Inc... The amendment agreement is just subject to notarisation in Spain and Portugal...
RNS Number: 2071 X W Resources PLC 26 August 2020. W Resources Plc, the tungsten, tin and gold mining and exploration company with assets in Spain and Portugal, is pleased to provide an update on the Atlas Capital Markets LLC facility, and the La Parrilla project.. Atlas has issued a Conversion Notice for £100,000 of Convertible Bonds, a small portion of the first...
W Resources 0.1375p £9.2m #WRES
The tungsten, tin and gold mining company with assets in Spain and Portugal, has drawn down a £500,000 tranche from the £4.0 million Atlas Capital Markets convertible bond facility, which was secured on 30 March 2020.
This convertible bond tranche has a 5% coupon and 3-year term. As part of the agreement, Atlas can convert the bond to W shares by issuing a conversion notice with the price set at 95% of the selected 3-day VWAP in the 15 days leading up to the issue of a conversion notice by Atlas.
RNS Number: 1908 V W Resources PLC 05 August 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that it has drawn down a £500,000 tranche from the £4.0 million Atlas Capital Markets convertible bond facility, which was secured on 30 March 2020.. This drawdown of £500,000 on our £4.0 million Atlas...
W Resources Plc #WRES announced its Q2 2020 quarterly production update for the La Parrilla mine in Spain and an update on
its tungsten, tin and gold projects in Portugal. Q2 production was impacted by various factors and
operationally the team has made good progress to mitigate this going forward. Total tungsten and tin
contained metal production increased by 0.5% to 47.6 tonnes during the quarter, mostly as a result of
strong tin recoveries. Tungsten ("WO3") metal production decreased 17% to 2,756 metric tonne unit
("mtu") (27,560 kg) during the quarter as a result of the temporary mine closure and weaker than expected plant performance. ombined shipments of tungsten concentrate (58.9t) and tin concentrate
(40.8t) increased to nearly 100t in Q2 2020, taking total shipments to offtake partners to 89.0t of
tungsten concentrate and 40.8t of tin concentrate for the half year. A further 20.4t of tungsten
concentrate and 39.0t of tin concentrate has been shipped from 1 July to date.
RNS Number: 8028 T W Resources PLC 23 July 2020. W Resources, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces its Q2 2020 quarterly production update for the La Parrilla mine in Spain and an update on its tungsten, tin and gold projects in Portugal. The quarter was significantly impacted by the COVID-19 state of emergency in...
W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that it has signed a series of new Spanish government guaranteed loan facilities with Spanish banks.. €1.82 m of such facilities at annual interest rates of 2-3% pa has been secured with four major banks: CaixaBank, S.A, Bankinter, S.A, Banco Bilbao Vizcaya...
RNS Number: 5465 R W Resources PLC 30 June 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, today held its Annual General Meeting, where all resolutions put to shareholders were duly passed.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2891 P W Resources PLC 08 June 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that the Annual Report of the Company for the year ended 31 December 2019 and Notice of Annual General Meeting has been sent to shareholders of the Company today.. The AGM of the Company has been called for 11:00am on Tuesday, 30 June 2020 at 27/ 28 Eastcastle St,...
RNS Number: 4516 O W Resources PLC 01 June 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces its audited financial results for the year ended 31 December 2019.. ·Due to the COVID-19 pandemic, the timing of the €5.3 m Grant from the Junta de Extremadura is to be confirmed with the local Government needing to...
W Resources (#WRES LN) 0.2p, Mkt Cap £12.4m – Quarterly production report
W Resources reports its La Parilla mine in Extremadura, Spain treated approximately 274,000t of ore to produce 3,306mtu of WO3 in concentrate and 12.1t of tin in concentrate during the quarter ending 31st March 2020.
The throughput has improved since the preceding quarter ended 31st December 2019 where the company reported treating approximately 113,000t to produce 968mtu of WO3 in concentrate and 3.9t of tin in concentrate suggesting that concentrate grades are improving, to around 56% WO3as the operation settles down.
Chairman, Michael Masterman, explained that ʺProduction at La Parrilla is building, albeit not at the pace we had anticipated due to early stage plant challenges having an impact on production levels for Q1 2020, as a result of a combination of unplanned downtime with mechanical issues with the jig and the crusher plants, which have now been resolved, and planned shut downs to implement important production improvement initiatives.ʺ
He also confirmed that ʺWe are mindful that production levels are not where we or our stakeholders expected them to be, however we are still very much in the early stages of the ramp-up and the team is well set to achieve significantly stronger results in the June quarter as a result of the improvement initiatives implemented in Q1. The increase in tungsten and tin production demonstrates progress in a very difficult external environment and we remain focussed on the works in hand and are confident of making the solid progress needed in order to reach design capacity.”
Spain has been particularly badly affected by the Covid19 virus and it is encouraging to hear that ʺNo W Resources personnel or contractors have been affected by COVID-19 and strict workplace procedures remain in placeʺ.
ʺW Resources is shipping all its Tungsten and Tin concentrate to customers but the volatility and changes in COVID-19 regulations in Spain and Europe have led to longer lead times to organise and effect deliveryʺ.
Prices for the benchmark ammonium paratungstate (APT) remain subdued at US$240-245/mtu although ʺSupply disruptions appear to have reduced Chinese exports of APT to Europe and the US providing some solid support to pricesʺ.
RNS Number: 0119 K W Resources PLC 17 April 2020. March 2020 Quarterly Production Report. W Resources, the tungsten, copper and gold mining company with assets in Spain and Portugal announces its Q1 2020 quarterly production update for the La Parrilla mine in Spain and an update on its tungsten, tin and gold projects in Portugal..
RNS Number: 4452 I W Resources PLC 01 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4448 I W Resources PLC 01 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4076 I W Resources PLC 01 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
