Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.