W Resources secures development grant for La Parilla

Tungsten miner W Resources has secured a development grant of €5.3 million ($6.58 million) for its La Parilla tungsten development in southwest Spain from the regional government, the Junta de Extremadura, it said on Wednesday March 28.

The grant equates “to 32% of the €16.6 million plant and facilities package that qualified for grant contribution,” it said.

Last month, W Resources secured a $35 million loan facility from BlackRock...

Published

Ewa Manthey

March 28, 2018

17:05 GMT

London