Tungsten miner W Resources has secured a development grant of ?,?5.3 million ($6.58 million) for its La Parilla tungsten development in southwest Spain from the regional government, the Junta de Extremadura, it said on Wednesday March 28.
The grant equates "to 32% of the ?,?16.6 million plant and facilities package that qualified for grant contribution," it said. Last month, W Resources secured a $35 million loan facility from BlackRock Financial...