EQR Raises $4.56 Million in a Well-Supported Placement
Filed with ASX · · 3 pages · English
Summary by 6ix AI
EQ Resources Limited has announced a successful share placement raising significant funds to support its operations. The placement attracted strong interest from both domestic and international investors, including those focused on ESG principles. Proceeds will be used for the ongoing expansion of the Mt Carbine Tungsten Mine and additional drilling activities. The company plans to issue new shares and options in two tranches, with the first tranche already set to proceed.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from EQ Resources
- Complementary Royalty Funding for Mt Carbine Development
- Material Increase in Mt Carbine Ore Reserve
- Increased Tungsten in Updated Mt Carbine Mineral Resource
- Quarterly Activities and Cash Flow Report June 2022
- Accelerating the Mt Carbine Tungsten Project
Later from EQ Resources
- Quarterly Activities and Cash Flow Report September 2022
- Strong BFS Update Delivers 59% Increase in NPV
- Drilling Targeting New Discoveries and Potential Expansion
- Iron Duke Discovery and Potential Pit Extension
- Drilling confirms high-grade mineralised system
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