Wolf Minerals boosts tungsten output as prices rise
Source - SMW
Wolf Minerals said December-quarter tungsten concentrate production and sales rose 22% and 36%, respectively, on the previous quarter.
The increases came amid a rise in the tungsten price to $315 per mtu.
'In this encouraging business environment, the company continues to receive support from key project stakeholders as it heads towards self-sustaining operations, with negotiations in progress on the further funding required to ensure completion of the successful efforts to date,' managing director Richard Lucas said.
At 9:53am: (LON:WLFE) Wolf Minerals Limited share price was 0p at 4.25p