Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced updates on an extensive internal and external assessment of the Company and its subsidiaries, and the potential ability to advance its key Sangdong Tungsten Project.
Tungsten Company News Directory
Almonty Industries Inc. (TSXV:AII) filed its financial statements and management discussion & analysis (MD&A) for the three and six month periods ended March 31, 2013. Highlights include a reported revenue of $5,005 and a gross profit of $2,565.
Wolf Minerals Limited (ASX:WLF) signed the documentation for the £75 million project finance facility and the US$82 million funding package for the Hemerdon Tungsten Project in England.
EMC Metals Corp. (TSX:EMC) announced the resignation of John W. Grubb, Director on the EMC Metals Corp. Board. Mr. Grubb will be moving on as a technical mining advisor to the Company and Board.
Blackheath Resources Inc. (TSXV:BHR, FWB04B) appointed Alexander Langer as their Vice President of Corporate Development. Mr. Langer will be directly involved in all aspects of Blackheath's strategic planning and business development and has over nine years of experience in corporate development and capital markets in the resource sector.
Wolf Minerals Limited (ASX:WLF,AIM:WLFE) provided a quarterly update, for the three month period ended March 31, 2013, on its progress on the Hemerdon tungsten and tin project in Devon, UK. The Company is also in the final stages of closing the detailed finance documents for the senior loan facilities previously announced and also, as part of this process, is completing the details of the binding offtake contract, which is expected to be completed in the current quarter.
North American Tungsten Corporation (TSXV:NTC) announced an agreement with Procon Mining & Tunnelling Ltd. for a schedule for payment of final amounts due in respect of a contract under which Procon provided mining services to the Cantung mine. The Company is now using its own workforce for such services.
Tungsten Corp. (OTCQB:TUNG) announced that it has acquired options of the tungsten mineral rights at historically productive mining properties in Idaho and Nevada. The company acquired the Wildhorse Mine property in Idaho and the Cherry Creek Project in Nevada.
Colt Resources (TSXV:GTP), a tungsten development company, announced that its private placement will be concluded in a week. The company also announced that an Asian-based investor has signed a subscription agreement for CAD $5 million and a written confirmation has been made stating the funds are expected shortly.
Mining Weekly reported that Tungsten Mining plans to begin production at its flagship mine in Western Australia by the 3rd quarter of 2014 and expects to spend about A$25million for the project.