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An announcement from EQ Resources Limited ( (AU:EQR) ) is now available.
EQ Resources Limited has secured a US$7.5 million royalty funding package from Oaktree Capital Management to support capital projects at its Saloro subsidiary in Spain and strengthen its working capital. Additionally, Cronimet Asia Pte Ltd has agreed to convert US$3 million of its initial offtake prepayment to equity, enhancing future cash flows and demonstrating continued support for EQ Resources’ strategic initiatives.
More about EQ Resources Limited
EQ Resources Limited is a leading global tungsten mining company, focusing on sustainable mining and processing practices. Listed on the Australian Securities Exchange, the company aims to expand its tungsten assets at Mt Carbine in Australia and Barruecopardo in Spain. It leverages advanced minerals processing technology to become a globally leading supplier of tungsten, a critical mineral.
Average Trading Volume: 3,595,360
Technical Sentiment Signal: Sell
Current Market Cap: A$90.94M
Find detailed analytics on EQR stock on TipRanks’ Stock Analysis page.