Latest Eq Resources (ASX:EQR) News

EQ Resources Limited has successfully raised $34 million through a share placement, aiming to accelerate development at its Carbine Vein project and strengthen its balance sheet amid robust tungsten market conditions.

EQ Resources is progressing the refinancing of its €20 million Spanish debt, securing extensions on Oaktree guarantees while negotiating new financing facilities.

EQ Resources has set a new monthly tungsten production record at its Barruecopardo Mine in Spain, driven by operational upgrades and new equipment commissioning.

EQ Resources Limited reported a robust Q1 FY2026 with soaring tungsten prices, operational upgrades, and significant capital raises to fuel mine expansions.

EQ Resources has announced a significant 39% increase in ore reserves at its Barruecopardo tungsten mine in Spain, extending the mine's operational life to 2034. This update reflects operational improvements and rising tungsten prices amid global supply constraints.

EQ Resources Limited has appointed industry veteran Craig Bradshaw as Managing Director, marking a strategic leadership transition to drive growth in global tungsten mining.

EQ Resources has successfully raised $22.5 million through an institutional placement, aiming to accelerate production and strengthen its financial position at the Mt Carbine tungsten project.

EQ Resources has successfully commissioned a third XRT ore sorter at its Saloro tungsten operation, increasing sorting capacity by 50% and improving processing efficiency. An updated ore reserve estimate is expected in early Q4 2025, reflecting operational gains and stronger tungsten prices.

EQ Resources has finalized a US$7.5 million royalty funding agreement with Oaktree Capital Management to support its Barruecopardo tungsten project, while major shareholder Cronimet Asia converts a US$3 million offtake prepayment into equity, strengthening the company’s capital position.

EQ Resources delivered a robust Q4 FY2025 with strong tungsten output from its Spanish and Australian operations, bolstered by strategic capital raises and key plant enhancements.

EQ Resources has locked in a US$7.5 million royalty funding agreement with Oaktree Management, aimed at expanding and enhancing its Barruecopardo tungsten project in Spain. This deal strengthens the company’s balance sheet and supports critical capital projects to increase production capacity.

EQ Resources Limited highlighted its growing global footprint in tungsten mining at the 2025 Noosa Mining Conference, detailing production growth, reserve expansions, and strategic funding initiatives.