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EQ Resources Limited ( (AU:EQR) ) has shared an update.
EQ Resources Limited announced the release of 127,323,657 fully paid ordinary shares from voluntary escrow, which were part of the consideration for acquiring a 50% interest in the Mt Carbine Retreatment joint venture from Cronimet Australia Pty Ltd. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the global tungsten market, potentially benefiting stakeholders through increased shareholder value and expanded exploration opportunities.
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 aims to be a globally leading supplier of tungsten, a critical mineral, by leveraging advanced minerals processing technology and unexploited resources across multiple jurisdictions.
Average Trading Volume: 2,715,166
Technical Sentiment Signal: Sell
Current Market Cap: A$105.2M
See more insights into EQR stock on TipRanks’ Stock Analysis page.