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.
RNS Number: 4057 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.
W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, provides an update on a £4.0 m expanded finance facility and on activity in regard to the temporary shutdown of the La Parrilla mine following the Spanish government declaring a State of Emergency and further tightening the national lockdown.
RNS Number: 6207 H W Resources PLC 25 March 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: 6169 H W Resources PLC 25 March 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.
W Resources #WRES 0.19p, Mkt Cap £13m – Impact of Covid19 W Resources reports its response to the Spanish and Portuguese Governmentsʼ States of Emergency to address the Covid19 virus. The company reports that the Extremadura Region where it operates the La Parilla tungsten mine ʺis one of the less affected areas in Spain. At present, there are some 100 reported cases of infection in the region. With no areas showing a heavy concentration of cases save for a small village which is subject to quarantine at present. The region's low population density and the large distances between big cities has helped to reduce the speed of transmission.ʺ W Resources also confirms that none of its personnel have been diagnosed with the infection and that it has implemented a range of precautions, including separation of shifts, operating a work-from-home regime where possible and the restriction of all but essential visits to the La Parilla site, to mitigate the risk of exposure. Similar measures are in force at the company’s Portuguese operations where W Resources has also requested ʺan extension of the trial mine license period for a further 12-18 monthsʺ which the company expects to be approved in the context of the current disruption to normal business conditions. Stressing the company’s commitment to the welfare of its personnel during these challenging times, Chairman, Michael Masterman said that ʺWe continue a proactive review of steps to protect our team and in a safe and sensible way continue operationsʺ.
RNS Number: 2442 G W Resources PLC 16 March 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces an update on measures to protect the safety of its people and ongoing operations in Spain and Portugal in response to the COVID-19 pandemic. Mining and plant operations at La Parrilla and mining operations at...
W Resources #WRES 0.23p, Mkt Cap £15m – First blast at the Régua tungsten project in Portugal W Resources reports its first blast at the La Parrilla tungsten mine in Spain. The company also reports on the retirement of Dr Byron Pirola from the board after 12 years of service as a director. The blast starts to open up the RL240m adit with another 122m to go before intersecting the ore zone. Ore will be trucked to the Crusher Plant to be located in a nearby aggregate quarry for initial processing. Work is ongoing for the Régua plant with existing spirals, pumps and screens already on-site. La Parrilla (Spain): the La Parrilla mine is ramping up again after its shutdown in February. Management have implemented a series of improvement initiatives to improve recoveries and production. Conclusion: It is good to hear that Las Parrilla is effectively commissioning again following its first commissioning in August last year.
W Resources Plc #WRES announced that it has completed a placement of 209,999,998 ordinary shares of 0.1p per share at a price of 0.36p per ordinary share to raise £756,000 before expenses, to new Spanish Investors. The funds raised from the placing will be used to advance Régua development and provide additional working capital for the company. Following admission of the new ordinary shares, the company's enlarged issued share capital will comprise 6,700,042,777 ordinary shares with voting rights. Separately, the first blast at the Régua mine in Northern Portugal was safely and successfully completed last week. Mining operations have been underway since February and the first blast signifies an important milestone for the project. Ramp-up is progressing and the mine continues to deliver the scheduled grades of tungsten and tin ore to the plant at low waste-to-ore strip ratios. As part of the ramp up process, a series of improvement initiatives were successfully implemented during a planned shutdown in February 2020 and as a result the company has seen a material step change improvement in recoveries and overall production rates at the La Parrilla plant in March 2020. The company also announced that after 12 years as a Director, Dr Byron Pirola will retire from the board on 30 March 2020.
RNS Number: 5684 F W Resources PLC 10 March 2020. £756,000 Placing to Spanish Investors at 0.36 p. W Resources Plc, the tungsten, copper and gold mining company with assets in Spain and Portugal, has completed a placement of 209,999,998 ordinary shares of 0.1 p per share at a price of 0.36 p per Ordinary Share to raise £756,000 before expenses, to new Spanish...
RNS Number: 5682 F W Resources PLC 10 March 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to provide an update on progress at Régua in Portugal and La Parrilla in Spain, its two most advanced mining operations. The first blast at the Régua mine in Northern Portugal was safely and successfully completed...
W Resources (WRES.L) 0.305p £19.8m The tungsten, tin and gold mining company with assets in Spain and Portugal, has finalised a EUR5m facility with the Spanish bank, Banco Santander, S.A which will be used to repay its existing EUR3m loan from Caja Rural de Extremadura and provide a net EUR2m of additional working capital and liquidity. The facility allows W to monetise the majority of the EUR5.3m Grant from Junta de Extremadura Government which the Company had expected to receive in Q1 2020 and is now anticipated to receive by mid-2020. W has met all conditions by which the Grant will be awarded although receipt has been delayed by a combination of the allmineral Aufbereitungstechnik GmbH & Co construction completion delays and the normal review and verification process of the Extremadura government. The facility interest rate is 3% per annum, payable quarterly, with no amortisation and is secured by a pledge over the rights to the Grant funds. The term of the loan is the earlier of 12 months or the receipt of the proceeds of the Grant funds. #WRES
RNS Number: 2628 D W Resources PLC 18 February 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, has finalised a €5 m facility with the Spanish bank, Banco Santander, S.A which will be used to repay its existing €3 m loan from Caja Rural de Extremadura and provide a net €2 m of additional working capital and...
RNS Number: 0331 C W Resources PLC 05 February 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to announce the start of operations at its Régua tungsten mine in Northern Portugal following the release of an updated Régua Australasian Joint Ore Reserves Committee resource estimate..
RNS Number: 2846 A W Resources PLC 20 January 2020. W Resources Plc, the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that short term loans provided by three of W's directors, as announced on 15 November 2019, have been converted to W ordinary shares of 0.1 p per share at a price of 0.307 p per Ordinary Share as follows:.
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