• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Critical Metals Market
    Critical Metals News
    Critical Metals Stocks
    • Critical Metals Market
    • Critical Metals News
    • Critical Metals Stocks
    tungsten investing

    W Resources Strikes Two Tungsten Offtake Deals

    Nicole Rashotte
    Feb. 28, 2018 02:20PM PST
    Critical Metals
    Tungsten Investing

    The company’s share price has increased 2.68 percent since the announcement, and is up 112.96 percent year-to-date.

    Shares of W Resources (LSE:WRES) have been on an uptrend since the miner signed two major long-term tungsten offtake deals last Friday (February 23).

    The company’s share price has increased 2.68 percent since the announcement, and is up 112.96 percent year-to-date.

    The London-listed company will provide 66 percent tungsten concentrate to Wolfram Bergbau und Hütten, the largest tungsten processing company in Europe, and to a leading supplier to the US tungsten market, the company said in a statement.

    The agreements will cover initial T2 development of W Resources’ La Parrilla mine, and will account for approximately 80 percent of the planned production tonnage from this phase.

    Addressing the offtake agreements, Michael Masterman, chairman of W Resources, commented, “[t]he 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.”

    According to the company, La Parrilla is one of the largest tungsten deposits in the western world and is scalable at a low cost. The mineral resource estimated by Golder Associates in April 2017 at a cut-off grade of 0.04 percent WO3 is 49 million tonnes at 0.1 percent WO3 and 0.011 percent tin.

    In addition to supplying tungsten concentrate to each company, W Resources has also promised to provide competitive pricing terms.

    Aside from La Parilla, W Resources is developing the Regus and Tarouca tungsten projects in Portugal. It also owns the CAA Portalegre gold–copper project and Monforte-Tinoca copper project in the country.

    As of 9:30 a.m. EST on Wednesday (February 28), the company’s stock sat at GBX 0.58.

    Don’t forget to follow us @INN_Resource for real-time news updates!

    Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.

    offtake agreementseuropetungsten markettungsten investing
    The Conversation (0)

    Go Deeper

    AI Powered
    light bulb in ocean with jellyfish

    How to Invest in Tungsten Stocks

    Critical Metals Outlook: World Edition

    Critical Metals Outlook: World Edition

    Latest News

    Trading Halt

    COB: Halls Creek Project Review Targets Major Uplift

    Quarterly Activities/Appendix 5B Cash Flow Report

    Quarterly Activities/Appendix 5B Cash Flow Report

    Quarterly Activities/Appendix 5B Cash Flow Report

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Critical Metals Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×