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EQ Resources Secures $34M to Boost Carbine Vein and Slash Debt

9:39am on Friday 5th of December, 2025 AEDT Mining
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EQ Resources Secures $34M to Boost Carbine Vein and Slash Debt

9:39am on Friday 5th of December, 2025 AEDT
Key Points
  • Completed $34 million equity raising at $0.05 per share
  • Oaktree to convert $7.25 million loan to equity at same price
  • Funds allocated to Carbine Vein advancement, debt repayment, and working capital
  • Strong institutional support amid rising tungsten demand
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