A look at 2 tungsten companies in North America that have acquired properties or have made some progress with their work programs in the last two weeks.
W Resources is working on starting production at its La Parrilla tailings project in Southwest Spain.
Wolf Minerals is leading the charge on tungsten production. the ASX-listed company recently announced the start of construction at its Hemerdon mine in the UK.
Tungsten's former golden child is showing some signs of life.
Blackheath Resources Inc. (TSXV:BHR,FWB:04B) announced the first ever diamond drill program at the Santa Helena Breccia located within the historic Borralha Tungsten Project Portugal. Blackheath holds rights to a 100% interest in the largest past-producing tungsten mine in Portuga, the Borralha Tungsten Project.
Wolf Minerals Limited (ASX:WLF) announced a shareholder purchase plan to subscribe for additional shares in the Company to a maximum value of $2,000,000
Sultan Minerals Inc. (TSXV:SUL) has received approval from the TSX Venture Exchange for the option agreement dated November 8, 2013 (as amended) with Margaux Resources Ltd. (TSXV: MRL) with respect to the Jersey-Emerald Tungsten-Zinc Property, in southeastern B.C. Margaux has filed an updated NI 43-101 compliant technical report on the property.
Tungsten Mining NL (ASX:TGN) has completed the previously announced placement of $400,000 from two clients of Eight Carat Securities Pty Ltd. As a result of the placement, the Subscribers have nominated Lee Kong Leng and David Grant Sanders to the Board of Directors. The Company also announced an entitlement offer to eligible shareholders.
Blackheath Resources Inc. (TSXV:BHR) CEO James Robertson talks about acquiring the five top past-producing tungsten mines in Portugal.
Blackheath Resources Inc. (TSX:BHR) President and CEO, James Robertson, spoke with Resource Investing News about the Company’s three projects in northern Portugal and how it is an excellent jurisdiction to work in because of their mining-supportive government. The government “publicly stated that they see mining as being an important factor in their financial issues that [...]
Almonty Industries (TSXV:AII) CFO and Director, Dennis Logan spoke with the Investing News Network during PDAC 2013 in Toronto. Dennis speaks positively on the opportunities for growth and expansion of their European Tungsten projects. He comments " Spain is a great jurisdiction, lots of available labour force despite the physical problems in Europe."
North American Tungsten Corporation Ltd. (TSXV:NTC) Chairman and CEO, Stephen Leahy, spoke with the Investing News Network during PDAC in Toronto on being the largest tungsten mining company in production outside of China and how their Cantung Mine in the Northwest Territories produces 4% of the world's tungsten.
Metal Bulletin reported that German technology metals supplier HC Starck doesn't prioritize sourcing its tungsten from Africa.
IEEE Spectrum reported that researchers at a variety of universities have achieved "interesting optoelectronics results" using a new two-dimensional material called tungsten diselenide (WSe2).
Metal Bulletin reported that China Minmetals Nonferrous Metals (CMN) has reduced its March tungsten concentrate prices. They are now more in line with spot market prices.
Powder Metallurgy Review reported that tungsten prices have stabilized in recent months. At the moment, ammonium paratungstate (APT), the intermediate material of tungsten, is selling for about $372 to $382 per 10 kilograms.