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EQ Resources Secures US EXIM Support for Mt Carbine Expansion

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EQ Resources Secures US EXIM Support for Mt Carbine Expansion

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

EQ Resources Limited has announced a significant development in its Mt Carbine Tungsten Expansion Project, receiving a Letter of Interest from the Export-Import Bank of the United States (EXIM) for a potential US$34 million debt facility under the Supply Chain Resiliency Initiative. This funding aims to double the production capacity at Mt Carbine, enhancing the company’s ability to meet the growing demand for tungsten, especially in the US market, amid geopolitical tensions and supply chain disruptions.

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 leverages advanced minerals processing technology and unexploited resources to become a leading supplier of tungsten, a critical mineral.

Average Trading Volume: 1,679,702

Technical Sentiment Signal: Sell

Current Market Cap: A$95.47M

For detailed information about EQR stock, go to TipRanks’ Stock Analysis page.

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