Latest Tungsten Mining News

Tungsten Mining NL is pivoting its Mt Mulgine Project development by targeting near-surface oxide gold to generate early cash flow and support its long-term tungsten ambitions. A 10-week integrated scoping study will soon assess this dual-resource approach.

Almonty Industries has released an updated JORC technical report for its Sangdong Tungsten Mine, affirming Phase I production commencement in late 2025 and outlining plans for a fully permitted Phase II expansion to double throughput.

Group 6 Metals reported a $23 million loss for H1 2024 amid operational setbacks but completed a major $81 million debt-to-equity recapitalisation, setting the stage for a strategic turnaround.

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.

Almonty Industries has announced a 1-for-1.5 share consolidation approved by shareholders to streamline its capital structure in preparation for a potential Nasdaq listing.

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.

Perpetual Resources has identified a significant high-grade lithium soil anomaly extending over 1.4 kilometres at its Igrejinha Project in Brazil’s Lithium Valley, setting the stage for maiden drilling in June.

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.

Almonty Industries posted a modest revenue rise in Q1 2025 but faced a steep net loss due to warrant revaluation, while securing key U.S. defense contracts and advancing its flagship Sangdong tungsten mine.

Tungsten Mining NL has reported a maiden inferred mineral resource at its Hatches Creek Project, revealing significant tungsten and copper grades that underpin its ambitions to become a key critical minerals producer.

Almonty Industries reported a sharp increase in net loss for Q1 2025 despite stable revenues, driven by significant non-cash charges on warrant and derivative liabilities. The company secured additional financing to support ongoing operations and project development.

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.