Dr Andrew Forrest AO to acquire 16.8% of EQR from Oaktree
| Stock | EQ Resources Ltd (EQR.ASX) |
|---|---|
| Release Time | 20 Jul 2026, 9:17 a.m. |
| Price Sensitive | Yes |
Dr Andrew Forrest AO to acquire 16.8% of EQR from Oaktree
- Dr Andrew Forrest AO to acquire 16.8% of EQR from Oaktree
- Transaction signifies strong endorsement of EQR's strategic position
- EQR committed to all shareholders and growth options
- Transaction will not impact EQR's operations or management
EQ Resources Ltd, a global tungsten producer, announced that Dr Andrew Forrest AO, through his investment vehicle Wonongarra Pty Ltd, has agreed to acquire a 16.8% interest in EQR from Oaktree. This transaction represents a strong endorsement of EQR's strategic position as a leading supplier of tungsten into Western supply chains. Oaktree has been a cornerstone investor since 2023, supporting EQR's acquisition of the Barruecopardo tungsten mine in Spain and the expansion of the Mt Carbine tungsten mine in North Queensland. The transaction will not impact EQR's strategy, operations, management, or employees. EQR remains committed to the interests of all its shareholders and continuing to progress its growth options across its Mt Carbine and Barruecopardo operations.
EQR expects to continue growing its tungsten production and generating cash flow under new ownership.