EQR Extends Share Purchase Plan Closing Date
Released
Released
Announcement PDF
resourcing the new economy for a better tomorrow
10 June 2025
EQR EXTENDS SHARE PURCHASE PLAN CLOSING DATE
EQ Resources Ltd is a global tungsten producer with mining activities in Australia and Spain.
EQ Resources Limited (“EQR” or “the Company”) advises that it has extended the closing
date of its current Share Purchase Plan (“SPP”), which was originally announced on 22 May
2025.The closing date has been extended by 5 business days, from 10 June 2025 to 17
June 2025, to allow eligible shareholders additional time to participate in the SPP.
The Company has received feedback from a number of shareholders who have experienced
delays in receiving their SPP documentation and/or require additional time to consider their
investment. The Board believes that it is in the best interests of all shareholders to provide
further time for participation, ensuring the offer is accessible to as many eligible
shareholders as possible.
Eligible Shareholders are invited to subscribe for up to a maximum of $30,000 of ordinary
shares at the Placement Price of $0.035, free of any brokerage or transaction costs. The
Issue Price represents a 16% discount to the 5-day volume weighted average market price
of the Company's ordinary securities (Shares), at the record date, 21 May 2025. There are
no changes to the other terms and conditions of the SPP, as set out in the SPP Offer Booklet
dated 28 May 2025.
Revised Key Dates
Event
SPP Closing Date (Extended)
Announcement of results of the SPP
Issue of new shares under the SPP
and lodgement of Appendix 2A
Date
17 June 2025
20 June 2025
23 June 2025
If you have any questions about the SPP, please contact Automic on 1300 288 664 (within
Australia) or +61 2 9698 5414 (outside Australia) between 8:30am and 7:00pm (Sydney
time), Monday to Friday or email corporate.actions@automicgroup.com.au.
Released on authority of the Board by:
Oliver Kleinhempel
Executive Chairman
Further Enquiries:
Peter Taylor
Investor Relations
0412 036 231
peter@nwrcommunications.com.au
REGISTERED OFFICE: Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC 3000
PRINCIPAL PLACE OF BUSINESS: 6888 Mulligan Highway, Mt Carbine Qld 4871
POSTAL ADDRESS: PO Box 1496, Mareeba Qld 4880
ABN: 77 115 009 106 (ASX: EQR)
T: (07) 4094 3072 | F: (07) 4094 3036 | W: eqresources.com.au
resourcing the new economy for a better tomorrow
About the Company
EQ Resources Limited is a leading global tungsten mining company dedicated to sustainable mining and processing
practices. The Company is listed on the Australian Securities Exchange, with a focus on expanding its world-class
tungsten assets at Mt Carbine in North Queensland (Australia) and at Barruecopardo in the Salamanca Province (Spain).
The Company leverages advanced minerals processing technology and unexploited resources across multiple
jurisdictions, with the aim of being a globally leading supplier of the critical mineral, tungsten. The Company aims to
create shareholder value through the exploration and development of its current project portfolio whilst continuing to
evaluate corporate and exploration opportunities within the new economy and critical minerals sector globally.
Forward-looking Statements
This announcement may contain forward-looking statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements. Particular risks applicable to this announcement include risks associated with planned
production, including the ability of the Company to achieve its targeted production outline due to regulatory, technical or
economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a
resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that
additional exploration work will result in significant increases to resource estimates. Neither the Australian Securities
Exchange nor its Regulation Services Provider (as that term is defined in policies of the Australian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this announcement.
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