EQ Resources Limited (AU:EQR) has released an update.
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EQ Resources Limited has successfully raised A$4.9 million through a share placement, attracting strong interest from institutional investors, including Oaktree Capital Management, which will increase its stake to 14.2%. The funds will support capital projects, plant expansion, and optimization at the company’s Mt Carbine site, positioning EQ Resources for growth amid rising tungsten demand. This investment signifies confidence in the company’s strategic plans and its role as a key player in the tungsten market.
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