Latest Eq Resources (ASX:EQR) News

Small-cap resources names drove the biggest moves this week, with discovery drilling, project studies and funding deals pushing traders into a handful of stocks. The strongest gains came where companies delivered something concrete: thicker ore, bigger reserves, better cash flow or a clearer route to production.

Dr Andrew Forrest's investment vehicle has acquired a significant 16.8% stake in EQ Resources from Oaktree, marking a shift from financial to strategic ownership in the leading western tungsten producer.

Wild swings hit the ASX this week, with Janus Electric doubling, Aura sliding almost 30%, and TechGen jumping more than 22%. Big news kept landing, but many stocks still fell as early gains faded and traders locked in profits.

Big project news kept landing across gold, rare earths and battery minerals, but many small-cap share prices still fell hard. The week belonged to a giant gold merger at the top end, while further down the board early excitement often gave way to selling.

EQ Resources has appointed Dr Mark Lindsay as General Manager Discovery and Growth, aiming to accelerate exploration and resource expansion at its Australian and Spanish tungsten projects.

EQ Resources reported FY26 tungsten production of 1,189 tonnes WO3 and is advancing major expansion projects at its Mt Carbine and Barruecopardo mines to more than triple output amid tightening global supply.

Mining news drove the week, with drilling hits, funding wins and takeover bids pushing several small and mid-cap names sharply higher or lower. The biggest swings came from tin, platinum group metals and copper, while gold M&A in WA stayed at the centre of trading.

Big movers came from drill hits, takeover bids and fresh funding, but several stocks still fell even after good news. That mix says investors are rewarding clear near-term value, while punishing names where timing, cost or delivery still feel uncertain.

EQ Resources has completed its acquisition of Aus Critical Minerals and TTTP1, boosting its Mt Carbine tungsten exploration footprint by 45% to 1,136 km² and reinforcing its regional hub strategy.

EQ Resources delivered its strongest quarterly tungsten output since early 2024, alongside record sales driven by higher prices and volumes, despite some operational hiccups in Spain.

EQ Resources Ltd is set to boost its tungsten footprint in Far North Queensland by acquiring Aus Critical Minerals and TTTP1, increasing its Mt Carbine tenure by 45% to 1,136 square kilometres.

The Elmet Group has exercised its option to acquire 20 million shares in EQ Resources, lifting its stake to over 23.6 million shares and reinforcing a strategic partnership that aligns mining and manufacturing in the Western tungsten supply chain.