EQR eq resources limited
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Ann: Strategic Partner Cronimet Joins EQR Register, page-2

  1. plonka
    1,200 Posts.
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    18/10/23
    10:23
    Post #: 70400441
    Great news!

    Highlights:
    - EQR acquires CRONIMET’s 50% joint venture interest in the Mt Carbine Tungsten Operation
    - As part of the transaction, EQR to issue new ordinary shares at A$0.09 per share (representing a
    ~30% premium to the 15 days VWAP) to CRONIMET, equal to a total of USD 7.5 million
    - EQR assumes all offtake obligations for concentrate supply from Mt Carbine to CRONIMET,
    additionally CRONIMET to become the marketing partner for potential future Saloro production*
    EQR Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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