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An announcement from EQ Resources Limited ( (AU:EQR) ) is now available.
EQ Resources Limited has issued 38,268,686 new fully paid ordinary shares following the exercise of options at prices of 4.88 cents and 6.75 cents per share, with the issuance completed without a disclosure document under the Corporations Act’s fundraising provisions. In conjunction with this share issue, the company confirmed its ongoing compliance with key financial reporting and continuous disclosure obligations and stated that there is no undisclosed materially price-sensitive information, a move that supports transparency for investors while modestly expanding its capital base for ongoing operations and growth initiatives in its tungsten portfolio.
The most recent analyst rating on (AU:EQR) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
More about EQ Resources Limited
EQ Resources Limited is an ASX-listed global tungsten mining company focused on sustainable mining and processing, with key operations at the Mt Carbine project in North Queensland, Australia, and the Barruecopardo project in Spain’s Salamanca Province. Leveraging advanced minerals processing technologies and underdeveloped resources across multiple jurisdictions, the company aims to position itself as a leading supplier of tungsten, a critical mineral, while pursuing additional opportunities in the broader new economy and critical minerals sector to drive shareholder value.
Average Trading Volume: 25,325,649
Technical Sentiment Signal: Buy
Current Market Cap: A$509.2M
See more data about EQR stock on TipRanks’ Stock Analysis page.