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Announcements
TMG is pleased to update shareholders and convertible noteholders that negotiations with EQR continue in respect of the potential change of control transaction for EQR to acquire 100% of the shares in TMG for EQR scrip consideration, and for EQR to compensate current TMG convertible noteholders with EQR scrip consideration.
TMG and EQR have progressed the potential transaction substantially. While EQR’s exclusivity with TMG has lapsed, the parties are working to finalise EQR’s few remaining diligence items on TMG in advance of entering binding transaction documentation and launching a transaction.
TMG will update shareholders and convertible noteholders as the potential transaction progresses.
We are proud to announce the commencement of our 23rd production run. This milestone reflects our ongoing commitment to delivering high-quality ferrotungsten products to the global market.
A webinar will be held on Monday 25 November 2024 to provide further information regarding this announcement. Further details on how to attend will be provided separately to shareholders.
The Directors of Tungsten Metals Group Ltd (Company) would like to advise that the offers made pursuant to the Replacement Prospectus dated 9 August 2024 (Prospectus) have been withdrawn and now closed as a result of the Company having not achieved the minimum subscription amount required under the Prospectus.
Executive Chairman Tony Adcock draws attention to a hidden detail in China's decision to impose export controls on Antimony and related items. Suggesting Tungsten may soon be on their list of restricted exports.
We are pleased to see the announcement by the Australian Govt. to further boost critical minerals funding by an additional $2b and further positioning Australia in a key role globally as a critical minerals provider.
We are is pleased to announce the company has successfully been awarded a $1.2m grant under the Federal Govt. initiative to invigorate Australian critical minerals projects.