Latest EQ RESOURCES (ASX:EQR) News

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.

EQ Resources has successfully raised A$4 million through a strongly supported placement to fund expansion and optimization at its Mt Carbine tungsten mine, reinforcing its position amid global supply challenges.

EQ Resources has repaid €5 million of debt for its Spanish subsidiary Saloro, reducing its debt burden by 25% while extending remaining credit facilities. The company also reports record production and positive EBITDA forecasts at its Barruecopardo tungsten mine.

EQ Resources reports promising preliminary tungsten recovery results from Wolfram Camp stockpiles, achieving an 86% recovery rate and validating advanced X-ray sorting technology. This breakthrough supports the company’s vision for a low-impact regional tungsten hub in Queensland.

EQ Resources Limited has had its trading suspension lifted immediately following the release of a capital raising announcement, signaling renewed market activity for the mining explorer.

EQ Resources Limited has successfully raised $18.8 million through a share placement, complemented by a $3 million Share Purchase Plan, to fund its tungsten mining projects and reduce debt.

EQ Resources has secured an extension of credit facilities from its major shareholder Oaktree, ensuring continued operations at its flagship Barruecopardo tungsten mine in Spain through 2025. The company is also actively restructuring its debt to strengthen its financial position amid improving production and market conditions.

EQ Resources delivered robust operational gains in Q3 FY2025, boosting mining volumes and processing throughput while advancing key plant upgrades and securing significant funding.

EQ Resources is set to significantly increase tungsten production at its Saloro Operations in Spain by installing a third XRT Ore Sorter and upgrading infrastructure, responding to strong market demand amid tightening Chinese export controls.

EQ Resources Ltd updates investors on its proposed acquisition of Tungsten Metals Group, highlighting completed due diligence but pending definitive agreements as discussions continue beyond the exclusivity period.