EQ Resources Limited ( (AU:EQR) ) just unveiled an announcement.
EQ Resources Ltd has signed five long-term offtake agreements worth an estimated US$124 million, covering the next 24 months of tungsten production from its operations in Australia and Spain. These agreements, executed with top international tungsten consumers, are significant amidst China’s recent export restrictions on tungsten products, ensuring stable sales and revenue generation for EQR and positioning the company as a key Western supplier in a market experiencing rising tungsten prices.
More about EQ Resources Limited
EQ Resources Ltd is a global tungsten producer with mining operations in Australia and Spain. The company focuses on supplying tungsten concentrate and related products to international markets, collaborating with leading producers in Europe, North America, and Asia.
YTD Price Performance: 7.50%
Average Trading Volume: 2,774,316
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$101.5M
See more data about EQR stock on TipRanks’ Stock Analysis page.