Two recent developmentsdestined to have an impact in the...

Two recent developmentsdestined to have an impact in the critical minerals (tungsten) space.
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FIRST

This week, the USA Congresspassed a billauthorizing a total of $857.9 billion under the National Defense Authorization Act, … “ which will boost spending on key weapons systems to keep pace with China’s rapidly advancing military — as well as replenishthe Pentagon’s dwindling stocks after months of sending military aid toUkraine.

NB. The USA Defense Department spent more than $2.6billion between May and October of this year replenishing stocks of key weaponry and equipment dispatchedto Ukraine to support its ongoing fight against Russia— but it will still take “multiple years” for the US to be fully resupplied.

SECOND

Australia joins into a critical mineralsalliance.

Initiated by Canada, this alliancebetween Australia, Canada, France, Germany, Japan, USA and the UK was formed atthe recently held COP15 in Montreal.

“Current geopolitical dynamics havecontributed to stresses within critical minerals value chains, leaving Many ofCanada’s friends and allies looking for secure, reliable supplies of theseresources and the clean technologies they enable”

EQR is in the box seat to benefit fromthese very significant developments.

Being a current producer of this clearlywell sought after product (tungsten concentrate), an extensive drill programcurrently underway to expand their official reserves and currently backed byboth Queensland Government and the Federal Government, the timing could not bebetter for EQR’s shareholders to enjoy the ride that is coming with managementkeeping us in the vanguard.