# EQ Resources acquires Cronimet's 50% stake in Mt Carbine Retreatment JV

EQ Resources has executed a definitive agreement to acquire Cronimet's 50% joint venture interest in the Mt Carbine Retreatment JV for US$7.5 million in shares, assuming all JV assets and liabilities.

- Type: Acquisition
- Announced: 2024-07-05
- Where: Mt Carbine, Queensland, Australia
- Value: $7.50M
- Status: announced
- Products: tungsten concentrate
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [EQ Resources](https://endata.com/companies/61494.md) (acquirer)
- [Cronimet](https://endata.com/companies/78448.md) (target)

## Sources

- [eqresources.com.au](https://eqresources.com.au/announcements/Q5M30b-final-agreement-to-acquire-mt-carbine-jv-from-cronimet), 2024-07-04: "EQR executed definitive agreement to acquire CRONIMET's joint venture interest (being the remaining 50% not yet owned by EQR) in the Mt Carbine Retreatment JV."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.