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EQ Resources Secures US$7.5M Royalty Deal to Boost Spanish Tungsten Output
10:41am on Tuesday 29th of July, 2025 AEST
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EQ Resources Secures US$7.5M Royalty Deal to Boost Spanish Tungsten Output
10:41am on Tuesday 29th of July, 2025 AEST
Key Points
US$7.5 million royalty funding secured from Oaktree Management
2.5% royalty on gross proceeds from Barruecopardo tungsten concentrate sales
Funds to support capital projects and working capital at Saloro subsidiary
Expansion of tungsten concentrate output through new sorting technology
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