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EQ Resources Limited (ASX:EQR)

ALERT: Price-sensitive ASX Announcement for EQR
Current share price for EQR : $0.355 0.24 (208.70%)+
Announcement
Release
21 Jan 2026 9:26AM
Price at Release
$0.115
Full Release
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Summary
EQ Resources Limited reported robust financial and operational performance for Q2 FY2026, with significant advances in their tungsten operations at Barruecopardo and Mt Carbine. The company achieved a record A$34 million equity raising, improving its capital structure and funding capabilities. This was used to reduce liabilities and support mining activities, particularly at Mt Carbine, where access to high-grade ore is being accelerated. The tungsten market showed strong price momentum due to global supply constraints, benefiting EQ Resources' operations, as reflected in increased cash flows and production outputs. The company continues to focus on sustainable mining practices and has strengthened its balance sheet significantly, positioning itself favorably for future expansions.
Key Points
  • Record equity raising of A$34 million to strengthen balance sheet.
  • Improvement in tungsten market prices due to global supply constraints.
  • Significant production increases at Barruecopardo and Mt Carbine.
  • Operational focus on accessing high-grade ore at Mt Carbine.
  • Positive cash flow from operations amounting to A$1.15 million.
  • Successful refinancing efforts to reduce liabilities and support growth.
  • Commitment to ESG and sustainable mining practices.
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.