CAPITAL MARKETS

Drakelands difficulties defer debt

POOR plant performance and a lower than hoped-for tungsten price has resulted in Wolf Minerals being forced to restructure debt and secure a 20 million pound bridging facility from major owner Resource Capital Funds.

Michael Quinn
Drakelands difficulties defer debt

The restructure has included senior debt principal repayments being deferred until January 2018, which should tie-in with better plant performance from the Drakelands project in England.  As explained...

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