🇺🇸 EQR to pursue United States listing
$EQRASX will seek to list on either NASDAQ or the NYSE, in addition to its ASX listing, during 2027.
The proposed listing remains subject to regulatory approvals, exchange eligibility and market conditions, with ASX to remain EQR’s primary listing.
With operations across Australia and Spain, EQR continues to build visibility with US investors, customers, partners and capital providers.
ASX: https://t.co/vHcMaiGrmL
#EQR #Tungsten #CriticalMinerals #ASXNews #NASDAQ #NYSE #MiningNews #MiningStocks
AUSTRALIAN BILLIONAIRE ANDREW FORREST IS BETTING ON ONE OF THE BIGGEST TUNGSTEN PRODUCERS OUTSIDE CHINA, AS BEIJING’S SQUEEZE ON THE METAL IGNITES A GLOBAL SUPPLY RACE,
Andrew Forrest has bought a 16.8 per cent stake in ASX-listed tungsten producer EQ Resources from US private equity firm Oaktree Capital Management.
Forrest’s investment vehicle Wonongarra will buy Oaktree’s entire holding – about 862 million shares and 35.5 million options – in a transaction that doesn’t affect EQR’s day-to-day operations, management or staff. David Rogers has more: https://t.co/t4eqwNvXBL
Wonongarra, an investment vehicle wholly owned by Dr Andrew Forrest AO, is set to acquire Oaktree Capital Management's entire 16.8% shareholding in tungsten producer $EQR @EQResourcesASX.
Managing Director Craig Bradshaw says Forrest’s investment is “a strong endorsement for EQ Resources, to see the ownership baton passed from a financial investor to a stalwart of the Australian mining industry with a proven track record of developing and growing assets”.
Forrest says the investment backs Australian production, jobs, and expertise at a time when critical mineral supply chains have become increasingly fragile.
He adds: “We are proud to become a long-term shareholder in a company that is de-risking its operations, ramping up production, and beginning to generate real cash flow.”
Read more here: https://t.co/MvmNX0ox1k
#miningnews #asx #exploration #drilling #resources #mining
Oho!
Bloomberg nostaa myös tätä isoa EQR-uutista.
Miten musta alkaa tuntumaan siltä, että EQR:ää ei tosiaan tiedä oikein ketkään muut kuin muutamat "raaka-aine-nörtit".
Voi pojat jos edes pieni määrä lähes normaalejakin ihmisiä kiinnostuisi EQR:stä.
#Tungsten $EQR.AX 🍀🪖
EQR shares surged after mining billionaire Andrew Forrest agreed to acquire a 16.8% stake in the Sydney-listed tungsten producer from Oaktree Capital Management https://t.co/XQ2423hVRU
Haastattelija kysyy suoraan Craigilta onko suunnitelmia US-listaukseen. Craig vastaa:
"Question: Does EQ Resources have any plans to pursue a listing in the United States?
Answer: That is a good question. Our CFO, John Court, and I recently travelled to the United States, where we met with customers, investors and several other parties. One of our objectives was to better understand the perceived valuation differences between critical-minerals companies listed in the US and those listed in Australia.
What stood out was that this valuation gap does not apply only to tungsten. When you look across rare earths, uranium and other critical minerals, US-listed companies appear to trade at valuations approximately five times higher than comparable Australian-listed companies.
You can see this in comparisons such as Lynas Rare Earths versus MP Materials, and EQ Resources versus Almonty Industries.
We are therefore examining what is driving that valuation differential and how we can ensure that EQR shareholders receive the full value of their investment. A potential US listing is consequently a matter currently being discussed at board level."
EQR siis tiedostaa että jenkkilistaus tuo 5x korkeamman arvostuksen.
EQR myös sanoo pyrkivänsä maksimoimaan arvonsa.
Listautumisesta keskustellaan hallituksessa.
Eiköhän se siis ole vain ajan kysymys..
Tässä vielä linkki timestampilla: https://t.co/AffYiR5F6x
📢 Barruecopardo drilling underway
EQR has commenced Phase 1 of its 2026 drilling program at Barruecopardo in Spain.
The program includes 36 holes / ~12,155m, targeting extensions north, south and below the current open pit, where the deposit remains open.
The drilling supports mine life extension, deeper-zone understanding and future optimisation work.
https://t.co/p0oaxWG1Po
#EQR #Tungsten #CriticalMinerals #ASXNews #MiningNews
$EQR.AX one of the few Australia based stocks getting very strong attention from the global community on X. bullish push higher in the stock price today
the thesis seems mostly driven out of geopolitical focus on critical minerals and specifically tungsten in this case
financials are pretty rough to look at (on a backward-looking basis). You are not buying a proven quality here. this is high risk high octane stuff. the company has been a consistent loss-maker for quite some time.
you are betting on the future story here not the past. but seems like it might be worth more work, as you have a few things working for you in terms of narrative/catalysts,
lastly worth pointing out Oaktree Capital (Howard Marks) owns ~17% of the company and UBS took a 4.33% position in June. whether this is validation of a thesis or not is to be seen.
https://t.co/zjiE6QEvGe
It was only a matter of time until the Tungsten shortage hit the semiconductor industry. Many people are still not aware of how concentrated the production is in West.
Largest producer $EQR.ax is still severely undervalued compared to it's potential. If more people (like @aleabitoreddit) see this, 10x from here will only be the start for $EQR.ax.
@aleabitoreddit Check out EQ Resources Limited $EQR.AX, the largest western tungsten producer.
They are also a tungsten supplier to the US-based Elmet group $ELMT
Rotterdamin APT 3040 USD/MTU.
(+45 / +1.5%)
Nyt ollaan sitten virallisesti rikottu ensimmäistä kertaa tuo 3000$ raja.
Nousu on nousua, kaikki otetaan mitä annetaan - ei vieläkään yhtään punaista viikkoa +8 kuukauteen.
#Tungsten 🍀