tungsten producer EQR

  • Forrest to acquire 16.8% stake in tungsten producer EQR

    Forrest to acquire 16.8% stake in tungsten producer EQR

    SYDNEY: Australian mining magnate Dr Andrew Forrest AO has agreed to acquire a 16.8% interest in EQ Resources Ltd from Oaktree Capital Management, in a move that underscores rising investor confidence in Western critical mineral supply chains. The transaction, executed through Wonongarra Pty Ltd, a vehicle wholly owned by Forrest, encompasses 862,131,779 fully paid ordinary shares and 35,555,556…