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EQ Resources' tungsten acquisition - Mining Magazine Australia

Summary by Mining Magazine
Image: Björn Wylezich/stock.adobe.comEQ Resources has executed a binding heads of agreement (HoA) to facilitate diversification and vertical integration of its upstream operations.  Under the HoA, EQ Resources is to acquire 100 per cent of the shares in Tungsten Metals Group Limited and its subsidiaries (together, TMG) and separately George Chen’s interest in Asia Tungsten Products Co Ltd (ATC). The agreement will result in EQR obtaining 100 per…
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