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W Resources signs tungsten off-take deals with European, US suppliers

W Resources Plc signed agreements with Wolfram Bergbau und Hütten AG and a supplier to U.S. tungsten markets for the off-take of 80% of the planned tungsten concentrate output at the La Parrilla mine in Spain.

The deal covers the supply of tungsten concentrate grading 66% from the project, which will come from the first phase of production.

Earlier in February, the company struck a deal for a US$35 million secured term loan facility to fund La Parrilla's development.

Wolfram Bergbau und Hütten is Europe's largest tungsten-processing company.