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EQ Resources Secures Credit Extension to Power Europe’s Largest Tungsten Mine
2:30am on Monday 2nd of June, 2025 AEST
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Mining
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EQ Resources Secures Credit Extension to Power Europe’s Largest Tungsten Mine
2:30am on Monday 2nd of June, 2025 AEST
Key Points
Oaktree extends credit facilities for EQ Resources’ Spanish subsidiary Saloro until end 2025
Barruecopardo mine remains Europe’s largest tungsten producer with improving output
EQ Resources initiates restructuring of bank credit facilities to reduce debt and enhance flexibility
Positive operational and financial trends noted, with EBITDA expected to improve late 2024
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Eq Resources (ASX:EQR)
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