EQ Resources Secures AU$3 Million Investment from Commodities Trader

MT Newswires Live

2024/11/29

EQ Resources (ASX:EQR) secured a AU$3 million investment via a one-year convertible bond from energy and steelmaking commodity trader Square Resources, according to a Friday filing with the Australian bourse.

The companies are also working toward a strategic partnership to use Square Resources' steelmaking network in Asia to sell and distribute EQ Resources' ferrotungsten product in regions outside of China, as per the filing.

As previously disclosed, EQ Resources is acquiring Tungsten Metals Group, owner of a ferrotungsten facility in Vietnam.

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