W Resources PLC (AIM:WRES) said fundraising talks are progressing well and that it expects to announce details in the next few days.
The AIM-traded company said the documentation was being finalised.
The tungsten, tin and gold mining company previously said that it expected the fundraising, expected to be in the form of debt, to be completed early this week.
READ: W Resources says it expects to complete fund raising early this week
It is looking to take on new debt after a poor fourth quarter.