Eq Resources advances Spanish debt refinancing, elects new directors

Eq Resources announced that its wholly-owned subsidiary, Saloro S.L.U., has €15m due by December 10, 2025, and €5m by January 4, 2026. The company expects Oaktree Letters of Guarantee for this Spanish debt to be extended to facilitate new financing. Term sheets have been received for the refinancing of the €20m Spanish debt, with €3.5m to be repaid from available cash and the remainder under new term facilities. Discussions with Spanish lenders for extensions are well underway.

Separately, the Annual General Meeting held on November 27, 2025, saw shareholders approve all resolutions. This included the adoption of the Remuneration Report and the re-election of Stephen Layton as a director. Shareholders also elected Craig Bradshaw as a director and approved the issuance of options to him.

Additionally, the 10% Placement Facility was approved. Eq Resources, a global tungsten producer, maintains mining operations in Australia and Spain, focusing on sustainable practices and expanding its world-class tungsten assets.