Spain-focused tungsten miner W Resources has secured a $35 million loan facility to fund its La Parilla development in southwest Spain, it said late last week.
The lenders include one or more funds managed by BlackRock Financial Management, the miner said.The loan will have a five-year scheduled term, with a two-year non-call period, it added. W Resources has the right to repay the loan after two years for a premium of 5%, after three years...