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EQ Resources Limited (ASX:EQR)

ALERT: Price-sensitive ASX Announcement for EQR
Current share price for EQR : $0.265 0.2 (307.69%)+
Announcement
Release
5 Dec 2025 9:30AM
Price at Release
$0.065
Full Release
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Summary
EQ Resources Limited (EQR), a global tungsten producer, has successfully raised $34 million through an equity placement of 680 million new shares at an issue price of $0.05 per share. The placement was well-received by both existing and new domestic and international investors. Additionally, following shareholder approval, Oaktree has agreed to convert its remaining pre-royalty loan of A$7.25 million into 145 million new shares in EQR. The funds from the placement will be used to advance EQR's Mt Carbine operation in Australia, reduce debt, repay outstanding trade payables, and support working capital. Craig Bradshaw, the Managing Director, expressed appreciation for the shareholder support, highlighting the strengthened balance sheet and focus on accessing higher-grade tungsten resources by 2026. The placement was managed by Euroz Hartleys Limited and Canaccord Genuity.
Key Points
  • Successful $34 million equity raising via placement of 680 million shares
  • Issue price set at $0.05 per share
  • Strong support from existing and new investors
  • Oaktree's loan conversion to equity subject to shareholder approval
  • Proceeds to fund Mt Carbine operation advancement and debt reduction
  • Managed by Euroz Hartleys Limited and Canaccord Genuity
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.