27 Apr 2017 11:37
27 April 2017
W Resources Plc
("W" or the "Company")
Change to Significant Shareholder
W Resources Plc (AIM:WRES), a tungsten, copper and gold mining, exploration and development company announces that it received notification on 25 April 2017 from Mr Charles Scott that following a share disposal on 25 April 2017, he no longer has a notifiable interest in the Company.
Enquiries:
|
About W
In 2012, W Resources Plc (AIM:WRES) made the successful transition into a tungsten production exploration and development company with projects in Spain and Portugal, following two acquisitions. Projects now include La Parrilla, a tungsten project in Spain and Régua and Tarouca Tungsten projects and the Portalegre copper-gold project in Portugal.
The Company's deposits and tungsten mine developments offer a low cost, high margin resource development opportunity due to a strong market following for Tungsten, increased trading and a forecast shortage of supply. The price of tungsten has more than doubled in past three years and is in the top 5 critical metals list.
The Board is focused to explore further opportunities in the region with a view to building a mid-tier minor metal producer.
The Company was incorporated in England and Wales in 2004.