RE: It would appear21 Jan 2022 10:13
ICD the Company's offtake partner for tungsten concentrate is supportive of the Company's development and is showing a great deal of confidence in the Company and the potential of the mine at La Parrilla due to the quality of concentrate W has delivered to date.
Steve Conlin, President of ICD, commented "ICD are thrilled to be able to invest in the La Parrilla mine in Spain, one of the brightest and most attractive conflict free tungsten and tin mines in production today. We look forward to increasing the supply to our global customer base as we increase both quality and production volumes. Tungsten is a very strategic metal and is a major part of the ICD portfolio of strategic defence and high-tech business applications. As a distributor we understand the time it takes to bring a mine into full production and after a number of issues with both plant and access to ore we believe the Company is now at a stage to step up its production. We are excited to become a significant shareholder and participate and contribute towards the Company's growth. We look forward to revisiting the mine and to continue developing our relationship with the Company and its management team."