Wolf Gets Funding for Hemerdon Project

Mining Weekly reported that Wolf Minerals (ASX:WLF) has obtained funding for its Hemerdon tungsten and tin development, in South West England.

As quoted in the market news:

“The funding package with Resource Capital Fund (RCF) would comprise a $75-million, 12-month secured bridge finance facility, and a $7-million consideration for the purchase of a 2% royalty on gross revenues from all metals and minerals produced at the Hemerdon project.

The amount of the drawdown available under the terms of the bridge facility would initially be limited to $40-million, until Wolf has received all the material permits, licences and approvals necessary to start construction and operation at the Hemerdon project.

The further $35-million would be available upon obtaining the required permits.”

Click here to read the full Mining Weekly report.

Get the Latest Tungsten Investing Stock Information

Get the latest information about companies associated with Tungsten Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply