Elmet Group raises EQ Resources stake with purchase of 20 million shares

Elmet Group exercised an option to purchase 20 million EQ Resources ordinary shares, increasing its stake to 23,652,634 shares. This transaction supports a strategic five-year collaboration for tungsten concentrate offtake from EQR’s Saloro mine in Spain, valued at approximately A$30 million with a secured A$2 million advance payment.

Elmet exercised an option to buy 20,000,000 EQ Resources ordinary shares, lifting its holding to 23,652,634 shares. * Transaction builds on a strategic collaboration tied to a mutually renewable five-year tungsten concentrate offtake from EQR’s Saloro mine in Spain. * Offtake covers an estimated value of A$ 30 million over five years at current market prices; secured via an A$ 2 million advance payment. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Elmet Group Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606251605PRIMZONEFULLFEED9752811) on June 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)