Agree Plonka
There has been alot going on in the strategic world of tungsten and critical metals.
I think there is a bigger picture building.
Let's look at the pieces we have so far.
Masan, Cronimet and EQ Resources sign a MOU to do lots of things together. The only thing missing was a takeover bid.
Masan Hi Tech (Vietnam) with an Australian CEO and CFO. Biggest tungsten producer (Vietnam) outside of China. They have a tungsten refinery with more capacity. They mine and re-cycle tungsten. Own HC Starck Tungsten Powders (German). Major investor in Nyobolt (UK) fast charging battery with tungsten mix.
Cronimet (German) large private company - metals trader, recycling metals and JV partner with EQ Resources.
EQ Resources (Northern Australia) growing world class deposit with extensive drilling program likely when cashflow from mining starts. Tungsten sent to Masan refinery. $6m from Aust Government in first round of Critical Metals funding (only 5 grants given). Qld Government very interested in the creation of jobs. There are other tungsten deposits in region which have been put out to tender by Qld Govt. The Commonwealth Northern Australian Infrastructure Fund (NAIF) are well aware of Mt Carbine
In the last month.
Australian Minister for Resources & Northern Australia (King) has signed agreements with UK and German governments regarding critical metals.
The EU just passed a critical metals act.
China still dominates the tungsten market and the US has banned Chinese tungsten from defense.
Other non-Chinese producers struggling to get to production.
There is a common pattern of shared interests building. Where will it go? Don't know, but looking forward to the ride.
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