Ann: Elmet agreement executed / Saloro record monthly production, page-17

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13/11/24

23:43

Post #: 76594248
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Originally posted by gopherbroke ↑

"....application is pending."
We are now locked in to the USA' Dept of Defense via a supply contract through Elmet Technologies.
We are now officially a USA domestic source for tungsten, a critical and economically important mineral
We now have an "application pending" into the USA coffers to ENSURE succesfull extraction of that mineral

This is a laid down misere - I dont think the DoD is going to deliberate on this one for very long at all......!

Aussie tungsten locked in for US supply deal
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Australian-based EQ Resources (EQR) has locked in a five-year tungstensupply deal with leading US-owned and fully integrated tungsten manufacturer,Elmet Technologies.
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The agreement provides the parties a pathway to jointly work on USGovernment funding opportunities, with the aim to enhance critical materialssupply and further downstream integration of EQR’s tungsten concentrate intothe US tungsten supply chain.
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The tungsten will primarily head to the US from EQR’s Mt Carbine mine inNew South Wales, as well as its Barruecopardo operation in Spain.
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Commenting on the $30 million deal, EQR chief executive officer KevinMacNeill also celebrated a production boost at Barruecopardo.
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“Formalising arrangements with US-owned Elmet Technologies is a keystrategic pillar in the path forward
for EQR as we continue to build ourreputation as a reliable western producer of tungsten concentrate to theworld,” MacNeill said.
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“Critical mineral security continues to be a top priority globally asthe world navigates geopolitical events and a shortage of quality criticalmineral deposits.
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“This is why EQR is joined by its key strategic partners and continuesto invest in its high-quality tungsten operations in Spain and Australia.
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“It is extremely pleasing to see our operations in Spain continue tooutperform and produce new production and recovery records in October on theback of significant improvement works in recent months
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“The outcomes of the improvement plans are testament to the dedicationof the quality team and management we have in place at the operation.”
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EQR and Elmet have submitted a joint white paper under the US DefenceIndustrial Base Consortium grant program, which is open to industry partners inAustralia, Canada and the UK. An outcome of the application is pending.

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Pity they think its NSW, not QLD. Makes our "hub" plan sound dislocated. Sound like AI.
Mostly right, but sloppy. We need better PR.

EQR Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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Ann: Elmet agreement executed / Saloro record monthly production, page-17

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Ann: Elmet agreement executed / Saloro record monthly production, page-17

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