Page 6 - Michael Masterman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

“As we look ahead, the management team's clear priority is to increase production at La Parrilla as we move to a 24/7 operation," Michael Masterman said.

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining Company with assets in Spain and Portugal, has completed a placement of 28,278,610 ordinary shares of 0.1p per share ("Ordinary Shares") at 8p per Ordinary Share to raise £2.26 million (the "Placing") before expenses to new and existing investors. Michael Masterman, W's Chairman, intends to participate and invest £250,000 on the same terms as the Placing, once the Company has published its accounts for the year ended 31 December 2020 and the Company is no longer in a closed period; this will increase the fundraising to c£2...

17 May 2021 | 07:59am StockMarketWire.com - Tungsten miner W Resources said it would raise £2.5 million from a share issue to lower the water level at its La Parrilla mine in Spain and regain access to higher-grade ore. New shares in the company were offered at 8p each, with £2.26 million raise from new and existing investors. Chairman Michael Masterman had committed to personally investing an additional £0.25 million. 'The majority of the funds raised from the Placing will be used to achieve the permanent solution to high water levels thereby giving access to higher-grade ore and signific...

Tungsten recovery rates continue to improve and were around 50% during April, it said. Funds from the placing will also provide additional working capital to cover the ramp-up in production at La Parrilla. The AIM-quoted company raised £2.26mln before expenses through a placement of 28.3mln shares at 8p per share, a 13.5% discount to Friday’s closing price. Its chairman Michael Masterman also intends to participate and invest £250,000 on the same terms as the placing, once the company has published its accounts for 2020 and is no longer in a closed period, increasing the fundraising to a...

W Resources receives long-awaited grant from Extremadura government “With tin prices up 100% in the last six months, strong tungsten prices and materially improved plant performance we expect a strong second half of 2021," said chairman Michael Masterman W Resources PLC (LON:WRES), owner of the La Parrilla tungsten and tin mine in southwest Spain, said it has received a previously announced grant from the Junta de Extremadura government. The grant, initially awarded in March 2018 for the sum of €5.3mln (£4.6mln) has, subject to one amendment, been paid and total proceeds of €5.2mln ha...