EQ Resources completed the acquisition of Saloro from Oaktree Capital-backed Tungsten Mining.

EQ Resources, a tungsten producer, completed the acquisition of Saloro, a mining company, from Oaktree Capital-backed Tungsten Mining, a mining company. “We are delighted Oaktree agrees and supports the value proposition of the expanded operation across two jurisdictions through their investment in EQR at a significant premium, demonstrating commitment to the forthcoming value creation journey. We look forward to having a high-profile globally significant fund such as Oaktree, who has been an excellent owner to Saloro, join our share register and support EQR to expand its footprint and strategic positioning in the global tungsten supply chain. We feel this relationship is accretive to our shareholders” Kevin MacNeill, EQ Resources CEO.