Ann: EQR acquires Tungsten Producer and Secures $25M Funding, page-27

The asset wouldn't have been available to purchase by the time EQR built up enough cash. Oli and Kevin have spent a reasonable length of time working on the deal.

Quote from Oaktree- this partnership reinforces our conviction about the incredible opportunity presented in the tungsten supply space and the need to secure sustainable and ESG focused critical metals supply chains.


The tungsten supply chain ex- China is very thin and others are struggling to get started and we need to remember US Defence industry has banned Chinese tungsten from 2026.