EQ Resources Ltd
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EQ Resources strengthens tungsten market position with new offtake contracts
EQ Resources (ASX: EQR) has signed five offtake agreements valued at approximately $195 million for production over the next 24 months from its tungsten operations in Australia and Spain. Pulled together with support from marketing partner Cronimet, EQ Resources has executed the offtake contracts with leading international tungsten consumers. Following the new agreements, the company […]
EQ Resources to acquire Vietnam’s largest ferrotungsten plant in $13.5m deal
Leading tungsten mining company EQ Resources (ASX: EQR) has made a strategic move to acquire the largest ferrotungsten (FeW) plant outside China. The company has executed a binding Heads of Agreement (HoA) to acquire 100% of the shares in unlisted Tungsten Metals Group (TMG) and its subsidiaries, including all interest in associate company Asia Tungsten […]
EQ Resources sets tungsten production records as US-China trade tensions boost demand
September has again seen EQ Resources (ASX: EQR) achieve new monthly production highs at its two tungsten projects. The company produced a record 20,721 metric tonne units (mtu) for the month, also establishing new records with 641mtu at Mt Carbine in Queensland and 518mtu at its Barruecopardo mine in Spain. Chief executive officer Kevin MacNeill […]