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W Resources chairman at La Parrilla to update on grant funding and new loan

W Resources PLC's (LON:WRES) chairman Michael Masterman gives a progress report on developments at both its flagship project La Parrilla in Spain and Régua in northern Portugal.

This week WRES announced its put in place a €5mln facility with Banco Santander. It's to allow them to monetise the majority of the €5.3mln grant from Junta de Extremadura Government, which the company had expected to receive in the first quarter of 2020.

Quick facts: W Resources PLC

Price: 0.165 GBX

AIM:WRES
Market: AIM
Market Cap: £11.06 m
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W Resources aims for large-scale production after first T2 mine blast at La...

W Resources PLC (LON:WRES) chairman Michael Masterman tells Proactive Investors about the first T2 mine blast at the La Parilla Tungsten Project in western Spain, successfully shot on April 30, 2019.    Masterman said the event was significant for the company and represented...

on 2/5/19

2 min read