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EQ Resources Limited
(Sydney:EQR)
EQ Resources Limited (EQR) vs. iShares MSCI Australia ETF (EWA)
EQ Resources Limited Business Overview & Revenue Model
EQ Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.91M | 66.33M | 26.48M | 5.04M | 4.01M | 4.52M |
| Gross Profit | -6.38M | -3.57M | -11.32M | -7.17M | -5.41M | -4.03M |
| EBITDA | -13.18M | -19.65M | -19.49M | -3.11M | -5.98M | -4.56M |
| Net Income | -27.46M | -39.31M | -28.26M | -3.72M | -6.06M | -4.58M |
Balance Sheet | ||||||
| Total Assets | 189.27M | 189.27M | 166.29M | 55.15M | 31.28M | 25.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87M | 1.87M | 3.49M | 6.15M | 1.72M | 3.50M |
| Total Debt | 64.77M | 64.77M | 45.72M | 7.23M | 6.53M | 949.31K |
| Total Liabilities | 152.98M | 152.98M | 109.66M | 38.84M | 16.96M | 9.02M |
| Stockholders Equity | 36.29M | 36.29M | 56.63M | 16.30M | 14.32M | 16.73M |
Cash Flow | ||||||
| Free Cash Flow | -19.20M | -19.20M | -27.24M | -8.77M | -9.56M | -5.87M |
| Operating Cash Flow | -16.92M | -16.92M | -12.70M | -1.39M | -3.11M | -3.82M |
| Investing Cash Flow | -11.38M | -11.38M | -18.90M | -10.96M | -6.44M | -2.03M |
| Financing Cash Flow | 26.76M | 26.76M | 21.56M | 16.01M | 7.79M | 6.39M |
EQ Resources Limited Technical Analysis
EQ Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$203.53M | 110.00 | 1.08% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$262.59M | -25.27 | -27.95% | ― | ― | -43.08% | |
53 Neutral | AU$317.05M | -4.30 | -84.61% | ― | 149.43% | 1.20% | |
46 Neutral | AU$160.47M | -32.92 | -39.06% | ― | ― | 25.00% | |
40 Underperform | AU$66.97M | -2.47 | -18.67% | ― | ― | 53.31% |
EQ Resources Limited Corporate Events
EQ Resources Limited has announced a proposed issue of 10 million ordinary fully paid securities, scheduled for issuance on January 30, 2026. This move is part of the company’s strategy to raise capital, potentially impacting its operational capacity and market position by enhancing its financial resources.
EQ Resources Limited has announced a proposed issue of 145 million ordinary fully paid securities, scheduled for January 30, 2026. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which could potentially enhance its market presence and provide additional capital for its operations.
EQ Resources Limited has announced a proposed issue of 670,000,000 fully paid ordinary securities, with the issuance date set for December 12, 2025. This move is part of a placement or other type of issue, as per the ASX Listing Rules. The announcement signifies a strategic step for EQ Resources Limited, potentially impacting its market positioning and offering new opportunities for stakeholders.
EQ Resources Limited has successfully raised $34 million through a share placement to advance its Mt Carbine mine and strengthen its financial position. The funds will be used to access the high-grade Iolanthe Vein, reduce debt, and support working capital, positioning the company to capitalize on strong tungsten market conditions.
EQ Resources Limited has requested a trading halt on its securities on the Australian Securities Exchange pending a significant announcement related to a capital raise. This move is aimed at managing the company’s continuous disclosure obligations, with the halt expected to last until the announcement is made or normal trading resumes on December 5, 2025. The trading halt indicates a potentially impactful development for the company’s operations and its stakeholders.
EQ Resources Limited announced the results of its Annual General Meeting held on November 27, 2025. All resolutions, including the adoption of the remuneration report, re-election of Mr. Stephen Layton, election of Mr. Craig Bradshaw, issuance of options to Mr. Bradshaw, and approval of a 10% placement facility, were carried with significant majority votes. These outcomes reflect strong shareholder support and are expected to positively impact the company’s governance and strategic growth initiatives.
EQ Resources Limited has updated its Annual Report for 2025, reflecting new geological, metallurgical, and operational work at its Mt Carbine and Barruecopardo tungsten mines. The updates, based on studies by qualified professionals, confirm that all material assumptions and technical parameters remain current, ensuring the company’s continued focus on maintaining robust production targets and financial forecasts.
EQ Resources Ltd, a prominent tungsten producer, is actively working on refinancing its €20 million Spanish debt, with €15 million due in December 2025 and €5 million in January 2026. The company has received term sheets for refinancing, including a repayment plan involving €3.5 million from available cash and new term facilities for the remaining balance. Discussions with Spanish lenders are progressing well, supported by Oaktree Capital Management’s Letters of Guarantee, ensuring continuity while new financing arrangements are finalized.
EQ Resources Limited has issued 132,879,398 fully paid ordinary shares at an issue price of $0.032 following shareholder approval. This move, compliant with the Corporations Act, aims to support the company’s growth in the tungsten mining sector, enhancing its position as a key player in the critical minerals market.
EQ Resources Limited has announced the quotation of 132,879,398 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 21, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence.
EQ Resources Limited has announced a webinar scheduled for November 20, 2025, to update shareholders and investors on recent milestones at its Mt Carbine and Barruecopardo Tungsten Mines. The webinar will cover topics such as the global tungsten market, operations updates, exploration pipeline, debt refinancing, and governance. This announcement reflects the company’s ongoing efforts to enhance its operations and maintain its position as a leading tungsten supplier, potentially impacting its market presence and stakeholder interests.
EQ Resources Limited has issued 766,461 fully paid ordinary shares at a price of $0.036 each without disclosure to investors, as permitted under the Corporations Act. This move aligns with the company’s compliance with relevant legal provisions and supports its strategic focus on expanding its tungsten assets, enhancing its position in the critical minerals sector.
EQ Resources Limited has announced the application for the quotation of 766,461 ordinary fully paid securities on the ASX, issued as consideration for a consultancy agreement. This move is part of the company’s strategy to optimize its financial operations and enhance its market presence, potentially impacting its stakeholders by increasing liquidity and market capitalization.
EQ Resources Limited announced the cessation of 19,451,674 securities due to the expiry of options or other convertible securities without exercise or conversion as of November 7, 2025. This development may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.
EQ Resources Limited has announced the issuance of unquoted equity securities, specifically options expiring in November 2028, as part of a previously announced transaction. This move reflects the company’s ongoing strategic financial maneuvers, potentially impacting its market positioning and offering implications for stakeholders regarding future growth and investment opportunities.
EQ Resources Limited announced a record monthly production at its Barruecopardo Mine in October 2025, achieving 12,006 mtu of contained WO3, surpassing the previous record set in November 2024. This achievement reflects successful equipment upgrades and operational enhancements since acquiring the mine in January 2024, highlighting the company’s commitment to continuous improvement and innovation in tungsten processing. The record production underscores EQ Resources’ strong position in the global tungsten industry and its dedication to enhancing recovery and throughput, benefiting stakeholders and reinforcing its market leadership.
EQ Resources Limited held an Extraordinary General Meeting where shareholders approved several key resolutions. These included the issuance of placement shares to Oaktree Capital Management and the issuance of options to lead managers. The resolutions were overwhelmingly supported, indicating strong shareholder confidence in the company’s strategic direction.
EQ Resources Limited reported a robust quarter ending September 30, 2025, with significant achievements in its tungsten operations. The company saw a 33% increase in the price of Ammonium Paratungstate, driven by strong demand and China’s record imports of tungsten concentrates. Operational highlights include enhanced processing performance at Barruecopardo and ramped-up mining activities at Mt Carbine. Financially, EQ Resources strengthened its balance sheet with over A$30 million in new funding, including equity placements and a proposed royalty funding agreement with Oaktree. These developments underscore the company’s strategic growth and its alignment with governmental support for critical minerals, enhancing its market positioning and operational capacity.
EQ Resources Limited has announced the appointment of Tony Di Pietro as the new Company Secretary, effective from October 27, 2025, succeeding Melanie Leydin. This change in leadership is part of the company’s ongoing efforts to enhance communication with the Australian Securities Exchange and strengthen its operational management, potentially impacting its strategic positioning within the global tungsten industry.
EQ Resources Limited has announced that its Annual General Meeting (AGM) will be held virtually on 27 November 2025. Shareholders are encouraged to access the Notice of Meeting and Explanatory Memorandum online, as hard copies will not be distributed unless previously requested. The company has provided detailed instructions for proxy voting and encourages shareholders to engage with the meeting materials available on their website and the ASX platform.
EQ Resources Limited has released updated information on its operations at the Mt Carbine and Barruecopardo tungsten mines. The updates, based on feasibility studies and expert consultations, confirm that the company’s material assumptions and technical parameters remain current. This announcement reinforces EQ Resources’ commitment to maintaining transparency and accuracy in its reporting, potentially strengthening its position in the critical minerals market.
EQ Resources Limited has announced a significant 39% increase in the Ore Reserves at its Barruecopardo Mine in Spain, extending the mine’s life to 2034. This increase is attributed to a comprehensive improvement program and rising tungsten prices, enhancing operational performance and positioning the company favorably in the market.
EQ Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in management and oversight. This announcement underscores EQ Resources’ dedication to maintaining robust governance practices, which is crucial for its stakeholders and enhances its industry positioning.
EQ Resources Limited has released its annual report for 2025, detailing various aspects of its operations, financial performance, and sustainability initiatives. The report highlights the company’s ongoing projects, including the Mt Carbine operations and Saloro/Barruecopardo operations, and provides insights into its financial health and strategic direction. This release is significant for stakeholders as it outlines the company’s current position and future plans, potentially impacting its market standing and investor confidence.
EQ Resources Limited has announced an Extraordinary General Meeting (EGM) for its shareholders, scheduled to be held virtually on October 31, 2025. This meeting is significant for shareholders as it will address matters affecting their shareholding, and the company has provided online resources for accessing meeting materials and voting by proxy, emphasizing the importance of shareholder participation.
EQ Resources Ltd has appointed Craig Bradshaw as its new Managing Director, effective October 1, 2025. Bradshaw, a seasoned executive in the tungsten industry, brings extensive experience from his previous roles, including CEO of Masan High-Tech Materials and Managing Director of H.C. Starck Tungsten Powders GmbH. His appointment is seen as a strategic move to guide EQ Resources through its next growth phase, aiming to capitalize on market opportunities and solidify its position as the largest independent producer of tungsten concentrate outside China. The company has revisited its operational strategies and is poised to become a significant player in the global tungsten market, with a focus on meeting the growing demand for this critical mineral.
EQ Resources Limited has issued 570,245,602 fully paid ordinary shares at an issue price of $0.032 each without disclosure to investors under the Corporations Act. This strategic move is part of the company’s efforts to enhance its financial position and support its ongoing projects in the tungsten mining sector, potentially strengthening its market position and offering growth opportunities for stakeholders.