Wolf Minerals Limited (ASX:WLF) authorized the EPC contractor, GR Engineering Services Limited (ASX:GNG) to commence construction at its Hemerdon project in England.
Almonty Industries Inc. (TSXV:AII) entered into two unsecure debt facilities with Banca de Empresas, a subsidiary of Banco
Santander Group, for $3.8 million. The Company also announced that it has decided not to proceed with an offer for Ormonde Mining plc.
Almonty Industries Inc. (TSXV:AII) announced the restatement of its tungsten recovery rate for the year ended September 30, 2013 and for the three month interim periods ended June 30, 2013 and March 31, 2013. A faulty calibration of the Company’s on-site lab in March 2013 affected the Company’s assay work carried out on the feed grade to the plant, as well as the tailings grade exiting the plant. This error led to a miscalculation of the Company’s tungsten recovery rate for the period, but no other assay results were affected. Almonty Industries has rectified the problem and has recalibrated its internal laboratory.
Tungsten Mining NL (ASX:TGN) released its quarterly activity report for the quarter ended December 31, 2013. Highlights include gross proceeds of $600,000 raised during December and the continuation of the evaluation of tungsten mining projects.
Wolf Minerals Limited (ASX:WLF) provided an update on its Hemerdon project for the three month period ended December 31, 2013. Highlights include the granting of a Class A Mining Environmental Waste Permit for the project.
Blackheath Resources Inc. (TSXV:BHR) CEO James Robertson talks about acquiring the five top past-producing tungsten mines in Portugal.
Blackheath Resources Inc. (TSXV:BHR) closed the final tranche of its non-brokered private placement of 3,000,000 units for gross proceeds of $750,000, at a price of $0.25 per unit. The placement of units was over-subscribed by $250,000.
Wolf Minerals Limited (ASX:WLF) appointed Nick Clark as an independent Non-executive Director of the Company.
Almonty Industries Inc. (TSXV:III) signed a Memorandum of Understanding (MOU) with Global Tungsten & Powders Corp. (GTP) for up to US$20.0 million in financing and an off-take commitment for its next tungsten project.
Almonty Industries Inc. (TSXV:AII) intends to commence with a Normal Course Issuer Bid. The Bid is expected to commence on December 20, 2013 and will terminate on December 19, 2014 or earlier.
The Company will also release its fourth quarter and year-end financial results on December 19, 2013 and a teleconference to review the results will be held at 8:30 am EST on Friday, December 20, 2013, held by Lewis Black and Dennis Logan.