EQ Resources Secures Financing Extension for Spanish Tungsten Operations

The latest update is out from EQ Resources Limited ( (AU:EQR) ).

EQ Resources Limited has announced that Oaktree Capital Management will extend financing guarantees for its Spanish subsidiary, Saloro S.L.U., until the end of 2025. This extension supports the Barruecopardo Tungsten Mine, Europe’s largest tungsten mine, amid record production levels and positive financial performance. The company is in discussions with Spanish banks to restructure future credit facilities as Oaktree’s credit support phases out, aiming to secure multi-year term facilities to support its operations and reduce outstanding loans.

More about EQ Resources Limited

EQ Resources Limited is a leading global tungsten mining company focused on sustainable mining and processing practices. Listed on the Australian Securities Exchange, the company is dedicated to expanding its tungsten assets at Mt Carbine in North Queensland, Australia, and Barruecopardo in Salamanca Province, Spain. It aims to become a global leader in supplying tungsten, leveraging advanced minerals processing technology and unexploited resources across multiple jurisdictions.

Average Trading Volume: 1,264,109

Technical Sentiment Signal: Sell

Current Market Cap: A$92.04M

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