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EQ Resources Ltd (ASX:EQR) CEO Kevin MacNeill joins Proactive’sThomas Warner to discuss the company’s rationale behind thepotential Saloro acquisition in Spain, which is expected to befinalised in December this year. hough the timing was unexpected, thecombination of EQR’s Mt Carbine Tungsten Mine (currentlyAustralia’s main export source) and Saloro’s BarruecopardoTungsten Mine (EU’s largest independent producer) under one roofoffered an attractive value proposition, that was too hard to ignore.MacNeill speaks about funding for the the acquisition, which thecompany recently stated would create the largest tungsten concentrateproducer in the western world and provide a platform for capitalisingon horizontal growth opportunities identified. It also createscritical mass - and therefore optionality - to enable consideration ofa downstream component adding significant further value to thebusiness. The acquisition comes at a time when tungsten is ranked bythe British Geological Surveys, various US Departments, the EuropeanCommission, Japan, South Korea and Australia as a 'criticalmineral’.
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Proactive Investors
JonathanJackson
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