Tungsten Producers American Tungsten, EQ Resources Post Production Gains

American Tungsten announced confirmed ore shoots of more than 900 feet at its Ima Mine in Idaho, boosting its share price by over 8% after a prior 28% decline. The company also moved its listing to the OTCQX market and secured a CAD 40 million financing package to fund operations through the second half of the year.

EQ Resources reported a record July tungsten revenue of A$51 million, driven by a 36% increase in production to 14,756 metric tonnes. The surge came from its Barruecopardo operation in Spain, which delivered 9,667 tonnes—a 48% rise—and its Mt Carbine mine in Queensland, which produced 4,588 tonnes, up 16%. The higher output lifted the average realised price to US$2,386 per tonne and reinforced the company's strategy to expand a non‑Chinese tungsten supply chain.