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IN BRIEF: W Resources eyes fundraise early next week

Fri, 18th Feb 2022 20:25

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says discussions regarding fundraise, which is expected to be in the form of debt, are at a "very advanced stage" and expects to complete the fund raise early next week.

On Tuesday says its poor performance in the fourth quarter of 2021 and large price increases of liquified natural gas means company's cash is lower than expected. Accordingly, it will need to fundraise in the "very short term" to fund mine operations and boost its general working capital buffer. It expects the fundraise to take the form of debt.

Current stock price: 2.30 pence, down 9.8% on Friday

12-month change: down 76%

By Paul McGowan; paulmcgowan@alliancenews.com

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15 Sep 2014 12:29

W Resources Says La Parrilla Production Targets To Be Upgraded

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W Resources Plans Three-Stage Development For La Parrilla Mine

14 Aug 2014 09:39

Thursday broker round-up UPDATE

Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio

11 Aug 2014 08:51

W Resources Makes First Shipment From La Parrilla In Spain

29 Jul 2014 13:11

W Resources Raises GBP1.2 Million In Share Placing

28 Jul 2014 09:47

W Resources Reports High Tungsten Grades At Tarouca Site

10 Jul 2014 11:25

UK MIDDAY BRIEFING: Qatari Fund To Sell Off A Third Of LSE Stake

10 Jul 2014 10:30

UK WINNERS & LOSERS: Burberry Struts To Top Of FTSE 100 Winners

10 Jul 2014 09:26

W Resources Says Production Ramp-Up At La Parilla Progressing Well

23 Jun 2014 08:39

W Resources Awarded Mining Licence For Régua Tungsten Deposit

13 May 2014 14:26

W Resources Completes Placing To Raise GBP776,000

LONDON (Alliance News) - W Resources PLC Tuesday said it has completed a placing of 97 million shares at 0.80 pence per share to raise roughly GBP776,000. The tungsten and gold exploration and development company, with assets in Spain and Portugal, said it will use the funds from the placin

24 Apr 2014 12:46

W Resources Pretax Loss Narrows As First Tungsten Production Closes In

LONDON (Alliance News) - W Resources PLC Thursday said its pretax loss narrowed in 2013 as charges and expenses fell at the company in its development towards first tungsten production. The tungsten and gold exploration and development company, with assets in Spain and Portugal, said its pr

17 Apr 2014 09:03

W Resources Finds Encouraging Gold, Copper Values In Portalegre Rocks

LONDON (Alliance News) - W Resources PLC Thursday said rock sampling from the Crato Assumar Arronches area of its Portalegre gold project in Portugal has identified a number of encouraging copper-gold surface values, and it will now widen the focus of its targets. The tungsten and gold expl

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IN BRIEF: W Resources eyes fundraise early next week

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