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EQ Resources Limited (ASX:EQR)

ALERT: Price-sensitive ASX Announcement for EQR
Current share price for EQR : $0.220 0.159 (260.66%)+
Announcement
Release
9 Dec 2025 9:48AM
Price at Release
$0.061
Full Release
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Summary
EQ Resources Limited, a global tungsten producer with operations in Australia and Spain, has entered into a binding Term Sheet with Traxys Europe S.A. for a three-year €15 million prepayment facility. This facility will be repayable through monthly deliveries of WO3 concentrate from their Barruecopardo Mine. The agreement includes a five-year offtake deal for a minimum of 3,500 tonnes of WO3, with an estimated value of A$400 million. The funds will be used to refinance €15 million in existing debt held by EQR’s subsidiary, Saloro S.L.U., aiming to reduce the debt package by €5 million. This step is seen as significant progress for EQR as it seeks to solidify its financial standing and enhance its partnership with Traxys.
Key Points
  • EQR entered into a binding Term Sheet with Traxys Europe S.A. for a €15 million prepayment facility.
  • The facility is a three-year arrangement repayable via monthly deliveries of WO3 concentrate.
  • There is a five-year offtake agreement for 3,500 tonnes of WO3, valued at approximately A$400 million.
  • Proceeds are to repay existing debt of EQR's subsidiary, Saloro S.L.U.
  • Execution of Definitive Agreements is targeted for Q1 2026.
  • This agreement reduces the Spanish debt package by €5 million.
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.