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How EQ Resources’ US$7.5M Royalty Deal and Cronimet’s US$3M Equity Move Reshape Its Future
9:02am on Friday 15th of August, 2025 AEST
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How EQ Resources’ US$7.5M Royalty Deal and Cronimet’s US$3M Equity Move Reshape Its Future
9:02am on Friday 15th of August, 2025 AEST
Key Points
US$7.5 million royalty funding secured with Oaktree Capital Management
2.5% royalty on gross proceeds from Barruecopardo tungsten sales
Cronimet Asia converts US$3 million offtake prepayment into equity at A$0.035 per share
Funds to support capital projects at Barruecopardo and working capital at Mt Carbine
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