Tungsten Miner EQ Resources Shares Surge as Andrew Forrest Buys 16.8% Stake
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EQ Resources Ltd. shares surged after mining billionaire Andrew Forrest agreed to acquire a 16.8% stake in the Sydney-listed tungsten producer from Oaktree Capital Management LP.
The acquisition by Forrest, a prominent figure in the mining industry, highlights growing interest in tungsten production amid increasing demand for the metal.
EQ ResourcesAndrew ForrestOaktree Capital Management
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“EQ Resources Ltd. shares surged after mining billionaire Andrew Forrest agreed to acquire a 16.8% stake in the Sydney-listed tungsten producer from Oaktree Capital Management LP.”
Bloomberg — Tungsten Miner’s Stock Jumps as Billionaire Forrest Buys Stake