Aim-listed W Resources has secured a €3-million loan facility with Caja Rural de Extremadura that provides an advance of funding against the €5.3-million grant awarded by the Junta de Extremadura government, which is expected to be paid to the company in the fourth quarter of 2019. The €3-million loan has an interest rate of 1.75% a year for a term of 15 months, which will provide W Resources with an efficient low-cost source of funds, the tungsten, tin and gold developer indicated in a statement on Thursday.
