The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited has announced an expansion of its Saloro Operation in Spain, which includes the installation of a third XRT Ore Sorter and related infrastructure, aimed at increasing production capacity by 50%. This investment is a strategic response to increased demand from Western customers seeking reliable tungsten supply due to recent export control measures by China, enhancing EQR’s position as a leading tungsten producer in Europe.
More about EQ Resources Limited
EQ Resources Ltd is a global tungsten producer with mining activities located in Australia and Spain. The company focuses on providing reliable tungsten supply amid global market changes.
YTD Price Performance: 10.0%
Average Trading Volume: 2,992,378
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$103.8M
For an in-depth examination of EQR stock, go to TipRanks’ Stock Analysis page.