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Mining Weekly reported Wolf Minerals (ASX:WLF,LSE:WLFE) signed an offtake agreement to cover 80% of its Hemerdon project’s production and a loan facility to support production at its tungsten mine.
Mining Weekly reported Wolf Minerals (ASX:WLF,LSE:WLFE) signed an offtake agreement to cover 80% of its Hemerdon project’s production and a loan facility to support production at its tungsten mine.
As quoted in the market news:
The Hemerdon mine, in the UK, was expected to produce an average of 345 000 t of tungsten trioxide a year, as well as 450 t of tin.
Under the agreement with Wolfram Bergbau und Hutten (WBH) and Global Tungsten & Powers Corp (GTP), Wolf would supply a 65% tungsten trioxide, wolframite concentrate, based on commercial standard terms.