Wolf Minerals says it has continued to make strong progress in its
development plans for the Hemerdon tungsten and tin project.
It has completed the first major piece of infrastructure work at the project, with the completion of the project's link road. Construction of the link road begun in the first quarter and it was officially opened last month.
The company is now focused on finalising the funding requirements to bring Hemerdon on-line and to date has secured credit approval for £55m in senior debt finance for the project and have signed a heads of terms for an offtake agreement for the project's tungsten production, which also includes an additional £20m funding facility.
It has completed the first major piece of infrastructure work at the project, with the completion of the project's link road. Construction of the link road begun in the first quarter and it was officially opened last month.
The company is now focused on finalising the funding requirements to bring Hemerdon on-line and to date has secured credit approval for £55m in senior debt finance for the project and have signed a heads of terms for an offtake agreement for the project's tungsten production, which also includes an additional £20m funding facility.
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