Wolf Minerals (AIM: WLFE) has secured an additional £5 million in funding from major shareholder Resource Capital Fund VI to help it complete the operating turnaround plan at its Drakelands tungsten/tin mine. The key elements of the turnaround plan are modifications to the dense media circuit (Phase 1 completed and Phase 2 planned for 9 September); modifications to the refinery (Phase 1 completed and Phase 2 planned for mid-October); and modifications to the recovery of gravity fines (planned for commissioning by early November). Meanwhile, Wolf reports that the price of tungsten has increased 44% since December 2016, from US$187/mtu to US$269/mtu currently.