Wolf Minerals (ASX:WLF, LSE:WLFE) is certainly racking up the points in its race to become the next tungsten producer. The UK-focused company was recently granted a Class A Mining Waste Facility Environmental Permit for its Hermerdon tungsten and tin project. The environmental permit is a significant milestone for the company, who last month acquired the properties surrounding its project, as it is the last permit required in order to proceed with the development and construction of the project.
The status of the environmental permit was shifted to “minded to” in November, as the UK’s Environmental Agency completed the final phase of its review of the permit application that was submitted earlier this year. According to the company, the Mining Waste Facility Environmental Permit is the first of its kind to have been issued in the UK.
“This is a terrific achievement in the development of the Hemerdon tungsten and tin project,” said Managing Director Russell Clark, adding that “the Mining Waste Facility Environmental Permit is a key pre-requisite for the development of the project.”
The next step for the company will be construction, which it intends to start in January 2014.Wolf is aiming for tungsten production in 2015.
On the back of today’s news, Wolf Minerals was up 5 percent in London to 21.00 pence.
Securities Disclosure: I, Vivien Diniz, hold no investment interest in any of the companies mentioned.
Editorial Disclosure: Wolf Minerals is an advertising client of the Investing News Network. This article is not part of Wolf’s advertising campaign; it is not paid-for content.