W Resources Secures Two Offtake Agreements Involving Tungsten
W Resources Plc, the tungsten, copper and gold exploration and development company announced that they have signed two major long term offtake agreements.
W Resources Plc (LSE:WRES), the tungsten, copper and gold exploration and development company announced that they have signed two major long term offtake agreements.
As quoted in the press release:
The first is with Wolfram Bergbau und Hütten AG, (“WBH”), the largest tungsten processing company in Europe and the second is directly with a leading supplier to the USA tungsten markets. W Resources will supply both with 66% tungsten concentrate on competitive pricing terms. The offtake agreements cover the initial T2 development of the La Parrilla Mine, and will account for approximately 80% of the planned production tonnage from this phase.
Michael Masterman, chairman of W Resources, commented::
We are delighted to have executed two long term offtake agreements, where tungsten product will be delivered directly to the customers’ state of the art, large capacity scheelite tungsten processing plants. The agreements provide W with assurance of a solid revenue stream once production commences in early 2019 as we now focus on the implementation of the mine development plan following the recent US$35 million funding from BlackRock.
Click here to read the full W Resources Plc (LSE:WRES) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1930.33 | +8.23 | |
Silver | 23.71 | +0.13 | |
Copper | 4.21 | +0.01 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 78.69 | +0.79 | |
Heating Oil | 3.13 | +0.07 | |
Natural Gas | 2.64 | -0.04 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Critical Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.