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The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources Limited reported a strong quarter ending June 30, 2025, with notable production results from its Saloro operations in Spain and Mt Carbine in Australia. Saloro produced 28,203 mtu of tungsten concentrate, supported by plant upgrades and increased throughput, while Mt Carbine achieved 6,983 mtu despite lower-grade feed. Financially, the company improved its position by raising A$20.6 million in equity, reducing debt, and securing credit guarantees, alongside receiving interest for a potential US$34 million debt facility to expand Mt Carbine. These developments are set to enhance EQR’s operational capacity and solidify its market position.
More about EQ Resources Limited
EQ Resources Limited operates in the mining industry, primarily focusing on the extraction and processing of tungsten. The company is involved in operations at Mt Carbine in Queensland, Australia, and Saloro in Barruecopardo, Spain, positioning itself as a significant non-Chinese supplier of tungsten to global markets.
Average Trading Volume: 3,312,717
Technical Sentiment Signal: Sell
Current Market Cap: A$102.3M
For a thorough assessment of EQR stock, go to TipRanks’ Stock Analysis page.