EQ Resources Secures Tungsten Supply Deal with Elmet

EQ Resources Limited (AU:EQR) has released an update.

EQ Resources Limited has entered a strategic multi-year offtake agreement with Elmet Technologies, a leading US tungsten manufacturer, to bolster the global tungsten supply chain and enhance raw material security. The deal includes Elmet’s initial investment of A$2 million and the intention to jointly pursue US Government funding opportunities. This collaboration aims to strengthen supply chains for critical materials and support Elmet’s mission-critical defense customers in the US.

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