Wolf Minerals took a step towards its goal of turning a rusting Devon mine into a global player which could challenge the Chinese stranglehold on an in-demand metal.
The rising price of tungsten means the AIM-listed company is busy trying to get the Hemerdon Mine, which sits on the world's fourth largest deposit of the metal according to the British Geological Survey, back into production.
After announcing in early March that it had received approval for £55m in
loans from a consortium of banks to develop the open-pit site near Plympton,
Wolf on Thursday announced details of a deal that should provide another
£20m of loan financing. More Read
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